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CGLCF (Cassiar Gold) Retained Earnings : $-22.77 Mil (As of Jun. 2024)


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What is Cassiar Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cassiar Gold's retained earnings for the quarter that ended in Jun. 2024 was $-22.77 Mil.

Cassiar Gold's quarterly retained earnings declined from Dec. 2023 ($-22.49 Mil) to Mar. 2024 ($-22.66 Mil) and declined from Mar. 2024 ($-22.66 Mil) to Jun. 2024 ($-22.77 Mil).

Cassiar Gold's annual retained earnings declined from Sep. 2020 ($-17.99 Mil) to Sep. 2021 ($-20.05 Mil) and declined from Sep. 2021 ($-20.05 Mil) to Sep. 2022 ($-21.11 Mil).

Cassiar Gold Retained Earnings Historical Data

The historical data trend for Cassiar 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.

Cassiar Gold Retained Earnings Chart

Cassiar Gold Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.11 -16.13 -17.99 -20.05 -21.11

Cassiar Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24 Jun24
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 -21.51 -22.49 -22.49 -22.66 -22.77

Cassiar 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.

Cassiar Gold  (OTCPK:CGLCF) 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.

Cassiar Gold Business Description

Industry
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Traded in Other Exchanges
756:Germany GLDC:Canada
Address
800 West Pender Street, Suite 450, Vancouver, BC, CAN, V6C 2V6
Website
https://www.cassiargold.com
Cassiar Gold Corp is focused on the district-scale Cassiar Gold Property in northern BC, Canada. The group is engaged in the exploration of gold in British Columbia, Canada. The company is focused on two assets, the Cassiar Gold Project and the Sheep Creek Gold District. The property consists of two main project areas namely Cassiar North, which hosts a substantial bulk-tonnage orogenic gold resource with significant expansion potential over approximately 6 km strike length; and Cassiar South, which hosts numerous high-grade epizonal quartz gold vein systems, about 25 km of historical underground workings.