Canadian Gold (TSXV:CGC) Retained Earnings : C$-20.45 Mil (As of Mar. 2024)

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What is Canadian Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Canadian Gold's retained earnings for the quarter that ended in Mar. 2024 was C$-20.45 Mil.

Canadian Gold's quarterly retained earnings declined from Sep. 2023 (C$-10.34 Mil) to Dec. 2023 (C$-19.47 Mil) and declined from Dec. 2023 (C$-19.47 Mil) to Mar. 2024 (C$-20.45 Mil).

Canadian Gold's annual retained earnings declined from Dec. 2021 (C$-13.93 Mil) to Dec. 2022 (C$-16.18 Mil) and declined from Dec. 2022 (C$-16.18 Mil) to Dec. 2023 (C$-19.47 Mil).

Canadian Gold Retained Earnings Historical Data

The historical data trend for Canadian Gold's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Canadian Gold Retained Earnings Chart

Canadian Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-8.33

-8.78

-13.93

-16.18

-19.47

Canadian Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															-16.18	-10.08	-10.34	-19.47	-20.45

Canadian Gold Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Canadian Gold (TSXV:CGC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Canadian Gold (TSXV:CGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Gold Corp (TSXV:CGC) » Definitions » Retained Earnings

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STRRF:USA 8S8:Germany

Address

401 Bay Street, Suite 2702, P.O.Box 86, Toronto, ON, CAN, M5H 2Y4

Website

https://www.canadiangoldcorp.com

Canadian Gold Corp is a Toronto-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past-producing Tartan Lake Gold Mine Project, located in Flin Flon, Manitoba. In addition, the Company owns exploration properties in Ontario and Quebec surrounding some of Canada's gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON), and the Hammond Reef Project (ON).

Executives

Jennifer L Boyle

Director, Senior Officer