Coro Global (Coro Global) Retained Earnings : $-46.38 Mil (As of Jun. 2021)

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What is Coro Global Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Coro Global's retained earnings for the quarter that ended in Jun. 2021 was $-46.38 Mil.

Coro Global's quarterly retained earnings declined from Dec. 2020 ($-44.64 Mil) to Mar. 2021 ($-45.56 Mil) and declined from Mar. 2021 ($-45.56 Mil) to Jun. 2021 ($-46.38 Mil).

Coro Global's annual retained earnings declined from Dec. 2018 ($-34.28 Mil) to Dec. 2019 ($-39.13 Mil) and declined from Dec. 2019 ($-39.13 Mil) to Dec. 2020 ($-44.64 Mil).

Coro Global Retained Earnings Historical Data

The historical data trend for Coro Global'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.

Coro Global Retained Earnings Chart

Coro Global Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Retained Earnings

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-28.94

-30.25

-34.28

-39.13

-44.64

Coro Global Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Retained Earnings	Get a 7-Day Free Trial															-41.84	-43.25	-44.64	-45.56	-46.38

Coro Global 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.

Coro Global (OTCPK:CGLO) 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.

Coro Global (Coro Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Coro Global Inc (OTCPK:CGLO) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

78 SW 7th Street, Suite 500, Miami, FL, USA, 33130

Website

https://www.coro.global

Coro Global Inc is a fintech company that is creating a new financial payment system where gold can be used as money in everyday transactions as easily as fiat currencies. Coro's platform is powered by Distributed Ledger Technology, allowing customers to send and receive global payments and exchange currency, including gold, seamlessly and securely.

Executives

John R Bason	director	C/O MEDEFILE INTERNATIONAL, INC. 2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927
William R Cullen	director	1899 WYNKOOP STE 600 DENVER CO 80202
Anthony Paquin	director	C/O MEDEFILE INTERNATIONAL, INC. 2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927
Hauser Milton	director, 10 percent owner, officer: President, CEO	2 RIDGEDALE AVENUE SUITE 217 CEDER KNOLLS NJ 07927
Vantage Holding Ltd.	10 percent owner	67 WALL STREET SUITE 2211 NEW YORK NY 10005
Eric Rosenfeld	officer: Chief Technical Officer	2 RIDGEDALE AVENUE, SUITE 271 CEDER KNOLLS NJ 07927
David Dorrance	officer: VP - Digital Imaging	2 RIDGEDALE AVENUE, SUITE 217 CEDAR KNOLLS NJ 07927

Coro Global (Coro Global) Headlines

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