CVST (Covista Communications) Retained Earnings: $-38.72 Mil (As of Apr. 2005)


What is Covista Communications Retained Earnings?

Covista Communications CVST -99.67% Retained Earnings is $-38.72 Mil as of Apr. 2005.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Covista Communications's retained earnings for the quarter that ended in Apr. 2005 was $-38.72 Mil.

Covista Communications's quarterly retained earnings increased from Oct. 2004 ($-38.99 Mil) to Jan. 2005 ($-38.94 Mil) and increased from Jan. 2005 ($-38.94 Mil) to Apr. 2005 ($-38.72 Mil).

Covista Communications's annual retained earnings declined from Jan. 2003 ($-32.66 Mil) to Jan. 2004 ($-33.61 Mil) and declined from Jan. 2004 ($-33.61 Mil) to Jan. 2005 ($-38.94 Mil).

Covista Communications  (OTCPK:CVST) 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.

Covista Communications Retained Earnings Historical Data

* Premium members only.

The historical data trend for Covista Communications'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.

Covista Communications Retained Earnings Chart

Covista Communications Annual Data
Trend Jan96 Jan97 Jan98 Jan99 Jan00 Jan01 Jan02 Jan03 Jan04 Jan05
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.29 -23.26 -32.66 -33.61 -38.94

Covista Communications Quarterly Data
Jul00 Oct00 Jan01 Apr01 Jul01 Oct01 Jan02 Apr02 Jul02 Oct02 Jan03 Apr03 Jul03 Oct03 Jan04 Apr04 Jul04 Oct04 Jan05 Apr05
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 -35.61 -36.76 -38.99 -38.94 -38.72

Covista Communications 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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $-38.72 Mil mean?
Covista Communications (CVST) has a Retained Earnings of $-38.72 Mil as of Apr. 2005. Retained earnings is the amount of net income not issued to shareholders. View historical data on Covista Communications and its competitors.
Is Covista Communications' Retained Earnings too high?
Covista Communications' current Retained Earnings is $-38.72 Mil.
How does Covista Communications' Retained Earnings compare to FULO and TWER?
Covista Communications' Retained Earnings of $-38.72 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Telecommunication Services company?
A good Retained Earnings depends on the Telecommunication Services industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Covista Communications and its competitors. Covista Communications's current Retained Earnings is $-38.72 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Covista Communications stock overvalued right now?
Covista Communications (CVST) has a current Retained Earnings of $-38.72 Mil. The current Retained Earnings is $-38.72 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Covista Communications (CVST), the current Retained Earnings is $-38.72 Mil as of Apr. 2005. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Covista Communications Business Description

Address 735 Broad Street, Unit 306, Chattanooga, TN, USA, 37402
Covista Communications Inc is a telecommunication service provider. Its products and services include voice, data, and internet solutions, including local, long-distance, and toll-free services, calling card, frame relay, Internet access, & directory assistance.