Canada Nickel Co (Canada Nickel Co) Retained Earnings

: $-25.28 Mil (As of Jan. 2024)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Canada Nickel Co's retained earnings for the quarter that ended in Jan. 2024 was $-25.28 Mil.

Canada Nickel Co's quarterly retained earnings declined from Jul. 2023 ($-19.66 Mil) to Oct. 2023 ($-21.31 Mil) and declined from Oct. 2023 ($-21.31 Mil) to Jan. 2024 ($-25.28 Mil).

Canada Nickel Co's annual retained earnings declined from Oct. 2021 ($-7.60 Mil) to Oct. 2022 ($-10.95 Mil) and declined from Oct. 2022 ($-10.95 Mil) to Oct. 2023 ($-21.31 Mil).

Canada Nickel Co Retained Earnings Historical Data

The historical data trend for Canada Nickel Co'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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Canada Nickel Co Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Retained Earnings

-2.33

-7.60

-10.95

-21.31

Canada Nickel Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Retained Earnings	Get a 7-Day Free Trial												-17.00	-18.36	-19.66	-21.31	-25.28

Canada Nickel Co 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.

Canada Nickel Co (OTCPK:CNIKF) 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.

Canada Nickel Co (Canada Nickel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (OTCPK:CNIKF) » Definitions » Retained Earnings

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Traded in Other Exchanges

4E0:Germany CNC:Canada

Address

130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3

Website

https://www.canadanickel.com

Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.