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Critical Infrastructure Technologies (XCNQ:CTTT) Retained Earnings : C$-12.75 Mil (As of Mar. 2024)


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What is Critical Infrastructure Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Critical Infrastructure Technologies's retained earnings for the quarter that ended in Mar. 2024 was C$-12.75 Mil.

Critical Infrastructure Technologies's quarterly retained earnings declined from Sep. 2023 (C$-12.62 Mil) to Dec. 2023 (C$-12.71 Mil) and declined from Dec. 2023 (C$-12.71 Mil) to Mar. 2024 (C$-12.75 Mil).

Critical Infrastructure Technologies's annual retained earnings declined from Jun. 2021 (C$-0.24 Mil) to Jun. 2022 (C$-0.45 Mil) and declined from Jun. 2022 (C$-0.45 Mil) to Jun. 2023 (C$-12.47 Mil).


Critical Infrastructure Technologies Retained Earnings Historical Data

The historical data trend for Critical Infrastructure Technologies'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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Critical Infrastructure Technologies Retained Earnings Chart

Critical Infrastructure Technologies Annual Data
Trend Jun21 Jun22 Jun23
Retained Earnings
-0.24 -0.45 -12.47

Critical Infrastructure Technologies Quarterly Data
Jun22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial -1.26 -12.47 -12.62 -12.71 -12.75

Critical Infrastructure Technologies 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.


Critical Infrastructure Technologies  (XCNQ:CTTT) 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.


Critical Infrastructure Technologies (XCNQ:CTTT) Business Description

Traded in Other Exchanges
N/A
Address
1066 West Hastings Street, Suite 2600, Vancouver, BC, CAN, V6E 3X1
Critical Infrastructure Technologies Ltd designs and develops rapidly deployable infrastructure and power systems to support life and mission-critical applications. The company's product set is a range of rapidly deployable, high-capacity communications platforms called the NEXUS 16 and CiNet. The NEXUS 16 is a fully integrated, high-capacity communications platform that can be quickly and safely transported to remote and hostile locations and be fully operational and transmitted in under 60 minutes. CiNet was built to support the Nexus products and provide seamless integration into the operator's own Network Management Systems.

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