Mercurity Fintech Holding (Mercurity Fintech Holding) Retained Earnings : $-669.90 Mil (As of Jun. 2023)

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What is Mercurity Fintech Holding Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mercurity Fintech Holding's retained earnings for the quarter that ended in Jun. 2023 was $-669.90 Mil.

Mercurity Fintech Holding's quarterly retained earnings declined from Jun. 2022 ($-663.14 Mil) to Dec. 2022 ($-667.32 Mil) and declined from Dec. 2022 ($-667.32 Mil) to Jun. 2023 ($-669.90 Mil).

Mercurity Fintech Holding's annual retained earnings declined from Dec. 2020 ($-640.02 Mil) to Dec. 2021 ($-661.69 Mil) and declined from Dec. 2021 ($-661.69 Mil) to Dec. 2022 ($-667.32 Mil).

Mercurity Fintech Holding Retained Earnings Historical Data

The historical data trend for Mercurity Fintech Holding'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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Mercurity Fintech Holding Retained Earnings Chart

Mercurity Fintech Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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-637.14

-638.37

-640.02

-661.69

-667.32

Mercurity Fintech Holding Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
Retained Earnings	Get a 7-Day Free Trial															-657.66	-661.69	-663.14	-667.32	-669.90

Mercurity Fintech Holding 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.

Mercurity Fintech Holding (NAS:MFH) 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.

Mercurity Fintech Holding (Mercurity Fintech Holding) Business Description

Industry

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Address

1330 Avenue of Americas, Fl 33, New York, NY, USA, 10019

Website

https://www.mercurityfintech.com

Mercurity Fintech Holding Inc is a digital fintech company powered by blockchain technology. The company's scope of business includes digital asset trading, asset digitization, cross-border remittance, and other services, providing compliant, professional, and efficient digital financial services to its customers. The group is also engaged in Bitcoin mining, digital currency investment, and trading, continuing its expansion to online and traditional brokerage services and other related fields.