GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Liberty Gold Corp (OTCPK:LGDTF) » Definitions » Retained Earnings

Liberty Gold (Liberty Gold) Retained Earnings : $-246.41 Mil (As of Dec. 2023)


View and export this data going back to 2011. Start your Free Trial

What is Liberty Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Liberty Gold's retained earnings for the quarter that ended in Dec. 2023 was $-246.41 Mil.

Liberty Gold's quarterly retained earnings declined from Jun. 2023 ($-236.60 Mil) to Sep. 2023 ($-242.03 Mil) and declined from Sep. 2023 ($-242.03 Mil) to Dec. 2023 ($-246.41 Mil).

Liberty Gold's annual retained earnings declined from Dec. 2021 ($-208.90 Mil) to Dec. 2022 ($-226.48 Mil) and declined from Dec. 2022 ($-226.48 Mil) to Dec. 2023 ($-246.41 Mil).


Liberty Gold Retained Earnings Historical Data

The historical data trend for Liberty 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.

Liberty Gold Retained Earnings Chart

Liberty 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 -186.64 -179.16 -208.90 -226.48 -246.41

Liberty Gold Quarterly Data
Mar19 Jun19 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 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 -226.48 -231.33 -236.60 -242.03 -246.41

Liberty 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.


Liberty Gold  (OTCPK:LGDTF) 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.


Liberty Gold (Liberty Gold) Business Description

Traded in Other Exchanges
Address
1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9
Liberty Gold Corp is an exploration-stage company. It operates in the business segment of exploration for gold, copper and other precious and base metals. The company has operations in the geographic locations of Canada, the USA and Turkey. Its projects include the Black Pine project, Goldstrike, TV Tower and others. It has one segment the exploration for gold, copper and other precious and base metals.