Steep Hill (XCNQ:STPH) Retained Earnings : C$-10.67 Mil (As of Dec. 2023)

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What is Steep Hill Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Steep Hill's retained earnings for the quarter that ended in Dec. 2023 was C$-10.67 Mil.

Steep Hill's quarterly retained earnings declined from Jun. 2023 (C$-11.21 Mil) to Sep. 2023 (C$-12.11 Mil) but then increased from Sep. 2023 (C$-12.11 Mil) to Dec. 2023 (C$-10.67 Mil).

Steep Hill's annual retained earnings declined from Dec. 2021 (C$-6.93 Mil) to Dec. 2022 (C$-14.05 Mil) but then increased from Dec. 2022 (C$-14.05 Mil) to Dec. 2023 (C$-10.67 Mil).

Steep Hill Retained Earnings Historical Data

The historical data trend for Steep Hill'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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Steep Hill Retained Earnings Chart

Steep Hill Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-0.47

-2.54

-6.93

-14.05

-10.67

Steep Hill Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial													-14.05	-10.86	-11.21	-12.11	-10.67

Steep Hill 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.

Steep Hill (XCNQ:STPH) 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.

Steep Hill (XCNQ:STPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Steep Hill Inc (XCNQ:STPH) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

https://www.steephill.com

Steep Hill Inc is a science and technology health and wellness company focused on the hemp markets inclusive of plant-based, psychedelic pharmaceutical and non-psychedelic nutraceutical, and hemp cannabinoids (CBD) verticals. Currently the company, through its subsidiaries holds three industrial hemp licences for the purposes of supplying the global market with medicinal and wellness cannabidiol and other cannabinoid-based products.

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