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Nevada Canyon Gold (Nevada Canyon Gold) Retained Earnings : $-6.00 Mil (As of Mar. 2024)


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What is Nevada Canyon Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nevada Canyon Gold's retained earnings for the quarter that ended in Mar. 2024 was $-6.00 Mil.

Nevada Canyon Gold's quarterly retained earnings declined from Sep. 2023 ($-4.33 Mil) to Dec. 2023 ($-5.16 Mil) and declined from Dec. 2023 ($-5.16 Mil) to Mar. 2024 ($-6.00 Mil).

Nevada Canyon Gold's annual retained earnings declined from Dec. 2021 ($-0.95 Mil) to Dec. 2022 ($-2.51 Mil) and declined from Dec. 2022 ($-2.51 Mil) to Dec. 2023 ($-5.16 Mil).


Nevada Canyon Gold Retained Earnings Historical Data

The historical data trend for Nevada Canyon 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.

* Premium members only.

Nevada Canyon Gold Retained Earnings Chart

Nevada Canyon Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.55 -0.26 -0.95 -2.51 -5.16

Nevada Canyon Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.98 -3.65 -4.33 -5.16 -6.00

Nevada Canyon 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.


Nevada Canyon Gold  (OTCPK:NGLD) 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.


Nevada Canyon Gold (Nevada Canyon Gold) Business Description

Traded in Other Exchanges
N/A
Address
316 California Avenue, Suite 543, Reno, NV, USA, 89509
Nevada Canyon Gold Corp is a junior precious metals exploration company. The company holds an interest in the Nevada and the Lazy Claims Property located within the Walker Lane shear zone, Loman Property located in Mineral County, Nevada, Agai-Pah Property located in the northwestern portion of the Gillis Range, within the Buckley Mining District, Belshazzar Property, Swales Property, Olinghouse Project and Palmetto Project.
Executives
Jeffrey Cocks director, 10 percent owner, officer: President/CEO/CFO 118 8TH AVE. NW, CALGARY A0 T2M 0A4
Alan Day director 5655 RIGGINS COURT,, STE 15, RENO NV 89502
Ryan Mcmillan officer: VP of Operations 32565-B GOLDEN LANTERN ST. #500, DANA POINT CA 92629
Robert Frank List director 1120 NORTH TOWN CENTER DRIVE,, STE. 200, LAS VEGAS NV 89144
Bcim Management, Lp 10 percent owner 207 E. OHIO ST., SUITE 400, CHICAGO IL 60611
Michael S Levine director, 10 percent owner 201 SANTA MONICA BLVD, STE 200, SANTA MONICA CA 90401

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