Christina Lake Cannabis (Christina Lake Cannabis) Retained Earnings : $-13.48 Mil (As of Nov. 2023)

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What is Christina Lake Cannabis Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Christina Lake Cannabis's retained earnings for the quarter that ended in Nov. 2023 was $-13.48 Mil.

Christina Lake Cannabis's quarterly retained earnings increased from May. 2023 ($-13.28 Mil) to Aug. 2023 ($-11.48 Mil) but then declined from Aug. 2023 ($-11.48 Mil) to Nov. 2023 ($-13.48 Mil).

Christina Lake Cannabis's annual retained earnings declined from Nov. 2021 ($-10.31 Mil) to Nov. 2022 ($-11.89 Mil) and declined from Nov. 2022 ($-11.89 Mil) to Nov. 2023 ($-13.48 Mil).

Christina Lake Cannabis Retained Earnings Historical Data

The historical data trend for Christina Lake Cannabis'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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Christina Lake Cannabis Retained Earnings Chart

Christina Lake Cannabis Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Retained Earnings

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-2.23

-4.44

-10.31

-11.89

-13.48

Christina Lake Cannabis Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Retained Earnings	Get a 7-Day Free Trial															-11.89	-12.77	-13.28	-11.48	-13.48

Christina Lake Cannabis 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.

Christina Lake Cannabis (OTCPK:CLCFF) 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.

Christina Lake Cannabis (Christina Lake Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Christina Lake Cannabis Corp (OTCPK:CLCFF) » Definitions » Retained Earnings

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CLB:Germany CLC:Canada

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.christinalakecannabis.com

Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flower, oil cannabinoids and hemp-based extracts and derivatives, serving domestic and international markets.