Baltic Trading (FRA:L8B) Retained Earnings : €-83.94 Mil (As of Mar. 2015)

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What is Baltic Trading Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Baltic Trading's retained earnings for the quarter that ended in Mar. 2015 was €-83.94 Mil.

Baltic Trading's quarterly retained earnings declined from Sep. 2014 (€-33.27 Mil) to Dec. 2014 (€-39.31 Mil) and declined from Dec. 2014 (€-39.31 Mil) to Mar. 2015 (€-83.94 Mil).

Baltic Trading's annual retained earnings declined from Dec. 2012 (€-12.82 Mil) to Dec. 2013 (€-20.59 Mil) and declined from Dec. 2013 (€-20.59 Mil) to Dec. 2014 (€-39.31 Mil).

Baltic Trading Retained Earnings Historical Data

The historical data trend for Baltic Trading'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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Baltic Trading Retained Earnings Chart

Baltic Trading Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Retained Earnings

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0.84

0.34

-12.82

-20.59

-39.31

Baltic Trading Quarterly Data
	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Retained Earnings	Get a 7-Day Free Trial															-22.95	-27.54	-33.27	-39.31	-83.94

Baltic Trading 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.

Baltic Trading (FRA:L8B) 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.

Baltic Trading (FRA:L8B) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Baltic Trading Ltd (FRA:L8B) » Definitions » Retained Earnings

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Website

http://www.baltictrading.com

Baltic Trading Ltd is a New York City-based company incorporated in October 2009 in the Marshall Islands to conduct shipping business focused on the drybulk industry spot market. The Company's fleet currently consists of four Capesize vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,095,000 deadweight tons. Its fleet contains five groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. It plans to operate all of its vessels in the spot market, on spot market-related time charters, or in vessel pools trading in the spot market. Its customers include national, regional and international companies, including Cargill International S.A. ('Cargill'), Klaveness Chartering ('Klaveness'), Resource Marine PTE Ltd. (part of the Macquarie group of Companies) ('Resource Marine'), and Swissmarine Services S.A. ('Swissmarine'). The Company competes with other owners of drybulk carriers in the Capesize, Supramax and Handysize class sectors, some of whom may also charter its vessels as customers. The Company is subject to international conventions and treaties, national, state and local laws and regulations in force in the countries in which its vessels may operate or are atregistered relating to safety and health and environmental protection including the storage, handling, emission, transportation and discharge of hazardous and non-hazardous merials, and the remediation of contamination and liability for damage to natural resources.

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