ACAHU (Atlantic Coastal Acquisition) Retained Earnings : $-21.20 Mil (As of Mar. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Atlantic Coastal Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Atlantic Coastal Acquisition's retained earnings for the quarter that ended in Mar. 2023 was $-21.20 Mil.

Atlantic Coastal Acquisition's quarterly retained earnings increased from Sep. 2022 ($-18.59 Mil) to Dec. 2022 ($-17.29 Mil) but then declined from Dec. 2022 ($-17.29 Mil) to Mar. 2023 ($-21.20 Mil).

Atlantic Coastal Acquisition's annual retained earnings declined from Dec. 2020 ($-0.00 Mil) to Dec. 2021 ($-32.20 Mil) but then increased from Dec. 2021 ($-32.20 Mil) to Dec. 2022 ($-17.29 Mil).

Atlantic Coastal Acquisition Retained Earnings Historical Data

The historical data trend for Atlantic Coastal Acquisition'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.

Atlantic Coastal Acquisition Retained Earnings Chart

Atlantic Coastal Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Retained Earnings

-32.20

-17.29

Atlantic Coastal Acquisition Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Retained Earnings	Get a 7-Day Free Trial					-23.31	-21.06	-18.59	-17.29	-21.20

Atlantic Coastal Acquisition 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.

Atlantic Coastal Acquisition (NAS:ACAHU) 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.

Atlantic Coastal Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Atlantic Coastal Acquisition Corp (NAS:ACAHU) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Saint Johns Lane, Floor 5, New York, NY, USA, 10013

Website

https://www.atlanticcoastalacquisition.com

Atlantic Coastal Acquisition Corp is a blank check company.

Executives

Dr. Chandra Panchal	director	303 RUE BAFFIN, DOLLARD DES ORMEAUX (DDO), QUEBEC A8 H9A 3G4
Anthony Porcheron	officer: Chief Executive Officer	EUROPEAN HEALTH TECHNOLOGY SPONSOR LLC, 401 DAWSON HOUSE, JEWRY STREET, LONDON X0 EC3N 2EX
Khash Erdene Gantumur	officer: Chief Financial Officer	277 WEST 11TH STREET SUITE 2F, NEW YORK NY 10014
Tseren Purev	director	277 WEST 11TH STREET SUITE 2F, NEW YORK NY 10014
Jason Chryssicas	officer: Chief Financial Officer	9 UPLAND LANE, ARMONK NY 10504
Burt Jordan	director, officer: President	4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Daniel M. Tapiero	director	37 ROCK RIDGE AVE, GREENWICH CT 06831
Ronald C. Warrington	officer: CFO and Secretary	308 LOCUST STREET, SAN FRANCISCO CA 94118
Ned Sizer	officer: Chief Operating Officer	330 3RD AVENUE, SAN FRANCISCO CA 94118
Shahraab Ahmad	director, 10 percent owner, officer: Chairman and CEO	49 CATHCART ROAD, LONDON X0 SW10 9JE
Joanna Lord	director	215 6TH STREET SOUTH, KIRKLAND WA 98033
Anthony D. Eisenberg	director, officer: Chief Strategy Officer	700 LONE PINE, BLOOMFIELD HILLS MI 48304
Bryan Dove	director	6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Iqbaljit Kahlon	director	2144 GREEN STREET #12, SAN FRANCISCO CA 94123
Atlantic Coastal Acquisition Management Llc	10 percent owner	6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013