Eagle Point Credit Co (Eagle Point Credit Co) Retained Earnings : $-221.4 Mil (As of Dec. 2023)

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What is Eagle Point Credit Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Eagle Point Credit Co's retained earnings for the quarter that ended in Dec. 2023 was $-221.4 Mil.

Eagle Point Credit Co's quarterly retained earnings declined from Dec. 2022 ($-224.9 Mil) to Jun. 2023 ($-250.9 Mil) but then increased from Jun. 2023 ($-250.9 Mil) to Dec. 2023 ($-221.4 Mil).

Eagle Point Credit Co's annual retained earnings declined from Dec. 2021 ($-13.0 Mil) to Dec. 2022 ($-224.9 Mil) but then increased from Dec. 2022 ($-224.9 Mil) to Dec. 2023 ($-221.4 Mil).

Eagle Point Credit Co Retained Earnings Historical Data

The historical data trend for Eagle Point Credit Co'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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Eagle Point Credit Co Retained Earnings Chart

Eagle Point Credit Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-148.42

-90.99

-13.01

-224.95

-221.44

Eagle Point Credit Co Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial								-13.01	-167.45	-224.95	-250.87	-221.44

Eagle Point Credit Co 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.

Eagle Point Credit Co (NYSE:ECC) 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.

Eagle Point Credit Co (Eagle Point Credit Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Eagle Point Credit Co Inc (NYSE:ECC) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

600 Steamboat Road, Suite 202, Greenwich, CT, USA, 06830

Website

http://www.eaglepointcreditcompany.com

Eagle Point Credit Co Inc is an externally managed, non-diversified closed-end management investment company.

Executives

Trident Ecc Aggregator Lp	10 percent owner	C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Trident Capital Ix, L.p.	10 percent owner	STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Kenneth P. Onorio	officer: CFO / CCO / Secretary	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Thomas P. Majewski	director, officer: Chief Executive Officer, other: Portfolio Manager	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Oa Eagle Group Investors, Llc	other: See Remarks below	126 OTTAWA AVENUE NW, STE 500, GRAND RAPIDS MI 49503
Oa Eagle Group Investors Ii, Llc	other: See Remarks below	126 OTTAWA AVENUE NW, STE 500, GRAND RAPIDS MI 49503
Ottawa Avenue Private Capital, Llc	other: See Remarks below	126 OTTAWA AVENUE, NW, SUITE 500, GRAND RAPIDS MI 49503
Scott Johnathan Bronner	other: Affiliate of Adviser	C/O STONE POINT CAPITAL, 20 HORSENECK LANE, GREENWICH CT 06830
Kevin F. Mcdonald	director	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Scott W. Appleby	director	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Nauman S. Malik	other: General Counsel of Inv. Adv.	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Paul E. Tramontano	director	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Daniel M. Spinner	other: Portfolio Manager	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Jerry L Tubergen	other: See Remarks below
Eagle Point Credit Management Llc	other: Investment Adviser	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830