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Freedom Internet Group (Freedom Internet Group) Retained Earnings : $-1.44 Mil (As of Jan. 2023)


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What is Freedom Internet Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Freedom Internet Group's retained earnings for the quarter that ended in Jan. 2023 was $-1.44 Mil.

Freedom Internet Group's quarterly retained earnings declined from Jul. 2022 ($-1.25 Mil) to Oct. 2022 ($-1.39 Mil) and declined from Oct. 2022 ($-1.39 Mil) to Jan. 2023 ($-1.44 Mil).

Freedom Internet Group's annual retained earnings declined from Oct. 2020 ($-0.65 Mil) to Oct. 2021 ($-0.98 Mil) and declined from Oct. 2021 ($-0.98 Mil) to Oct. 2022 ($-1.39 Mil).


Freedom Internet Group Retained Earnings Historical Data

The historical data trend for Freedom Internet Group'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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Freedom Internet Group Retained Earnings Chart

Freedom Internet Group Annual Data
Trend Oct19 Oct20 Oct21 Oct22
Retained Earnings
-0.17 -0.65 -0.98 -1.39

Freedom Internet Group Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23
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 -1.10 -1.17 -1.25 -1.39 -1.44

Freedom Internet Group 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.


Freedom Internet Group  (OTCPK:FIGI) 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.


Freedom Internet Group (Freedom Internet Group) Business Description

Traded in Other Exchanges
N/A
Address
151 Calle San Francisco, Suite 200, San Juan, PRI, 00901
Freedom Internet Group Inc is engaged in the business of acquiring, holding, and managing royalty interests derived from Internet-based businesses, referred to as operators. The purchase of royalty interests by a company enables entrepreneurs to raise non-dilutive capital and retain control of their businesses. The company generates revenue from physical or digital product sales, subscriptions, and advertising.
Executives
Noah Rosenfarb director, 10 percent owner, officer: CFO 12178 NW 69TH CT PARKLAND FL 33076
Ronald Rosenfarb director, officer: COO 4123 ISLA VERDE AVE APT 1505 CAROLINA PR 00979
Alton Chapman director, 10 percent owner, officer: CEO 3460 KINGSBORO RD NE APT 640 ATLANTA GA 30326

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