ENRT (Enertopia) Retained Earnings : $-15.61 Mil (As of Nov. 2024)

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What is Enertopia Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Enertopia's retained earnings for the quarter that ended in Nov. 2024 was $-15.61 Mil.

Enertopia's quarterly retained earnings declined from May. 2024 ($-15.37 Mil) to Aug. 2024 ($-15.53 Mil) and declined from Aug. 2024 ($-15.53 Mil) to Nov. 2024 ($-15.61 Mil).

Enertopia's annual retained earnings declined from Aug. 2022 ($-12.70 Mil) to Aug. 2023 ($-14.53 Mil) and declined from Aug. 2023 ($-14.53 Mil) to Aug. 2024 ($-15.53 Mil).

Enertopia Retained Earnings Historical Data

The historical data trend for Enertopia'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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Enertopia Retained Earnings Chart

Enertopia Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Retained Earnings

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-14.28

-14.67

-12.70

-14.53

-15.53

Enertopia Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Retained Earnings	Get a 7-Day Free Trial															-14.94	-15.08	-15.37	-15.53	-15.61

Enertopia 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.

Enertopia (OTCPK:ENRT) 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.

Enertopia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Enertopia Corp (OTCPK:ENRT) » Definitions » Retained Earnings

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ENRT:Canada

Address

No. 7, 1873 Spall Road, Kelowna, BC, CAN, V1Y 4R2

Website

https://www.enertopia.com

Enertopia Corp is engaged in the acquisition, development, and exploration of natural resource properties. The company is exploring the West Tonopah Lithium Project (West Tonopah) in the Smokey Valley, Nevada, and holds intellectual property and patents in the green technology space. The company has three reportable segments: Natural Resources, Technology, and Corporate.

Executives

John Richard Nelson	director	402 ASTORIA CRESCENT SE, CALGARY A0 T2J 0Y5
Allan Horst Spissinger	officer: Chief Financial Officer	8131 198A STREET, LANGLEY A1 V2Y 1Y6
Robert Mcallister	director, officer: President	#203 - 688 LEQUIME ROAD, KELOWNA A1 V1W 1A4
Kristian Ross	director	826 LEON AVENUE, KELOWNA A1 V1Y 6J8
Baljinder Bhullar	officer: CFO	604 - 700 WEST PENDER, VANCOUVER A1 V6C 1G8
Kevin Michael Brown	director	2618 CAMPBELL ROAD, KELOWNA A1 V1Z1T2
Mathew T. Chadwick	director, officer: Sr. VP of Marijuana Operations	22308 DEWDNEY TRUNK RD., MAPLE RIDGE A1 V2X 3J2
Christopher Bunka	director, officer: Chairman and CEO	1924 BIRKDALE AVE, KELOWNA A1 V1P1R7
John Alan Thomas	director	5766 GOLDENROD CRESCENT, DELTA A1 V4L 2G6
Donald James Findlay	director	#30 NEW STREET SE, CALGARY A0 T2G 3X9
John Gregory Dawson	director	1810 RIDEAU AVENUE, COQUITLAM A1 V3J 3G8
Thomas James Ihrke	officer: Sr. VP, Business Development	38 KRIER LANE, MOUNT PLEASANT SC 29464
Mark E Snyder	officer: Chief Technical Officer	12900 BROOKPRINTER PL #200, POWAY CA 92064
Hugh Reid	director	1406-6TH STREET NW, CALGARY A0 T2M 3E6
James Letourneau	director	2609-12TH AVE. SW, CALGARY A0 T3C 0S4