Infinico Metals (TSXV:INFM) Retained Earnings : C$-11.47 Mil (As of Dec. 2023)

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What is Infinico Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Infinico Metals's retained earnings for the quarter that ended in Dec. 2023 was C$-11.47 Mil.

Infinico Metals's quarterly retained earnings declined from Jun. 2023 (C$-10.27 Mil) to Sep. 2023 (C$-10.54 Mil) and declined from Sep. 2023 (C$-10.54 Mil) to Dec. 2023 (C$-11.47 Mil).

Infinico Metals's annual retained earnings declined from Dec. 2021 (C$-4.30 Mil) to Dec. 2022 (C$-9.63 Mil) and declined from Dec. 2022 (C$-9.63 Mil) to Dec. 2023 (C$-11.47 Mil).

Infinico Metals Retained Earnings Historical Data

The historical data trend for Infinico Metals'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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Infinico Metals Retained Earnings Chart

Infinico Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-2.79

-4.30

-9.63

-11.47

Infinico Metals Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial									-9.63	-9.84	-10.27	-10.54	-11.47

Infinico Metals 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.

Infinico Metals (TSXV:INFM) 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.

Infinico Metals (TSXV:INFM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infinico Metals Corp (TSXV:INFM) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

1507 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.burin-gold.com

Infinico Metals Corp, formerly Burin Gold Corp is is engaged in the identification, acquisition, and exploration of properties for mining of precious and base metals. It focuses on the Hickey's Pond Paradise Gold project.

Executives

Plethora Private Equity Management	10% Security Holder
Stichting Legal Owner Plethora Private Equity	10% Security Holder

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