Goldenbridge Acquisition (Goldenbridge Acquisition) Retained Earnings : $-6.61 Mil (As of Dec. 2022)

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What is Goldenbridge Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Goldenbridge Acquisition's retained earnings for the quarter that ended in Dec. 2022 was $-6.61 Mil.

Goldenbridge Acquisition's quarterly retained earnings declined from Jun. 2022 ($-6.24 Mil) to Sep. 2022 ($-6.39 Mil) and declined from Sep. 2022 ($-6.39 Mil) to Dec. 2022 ($-6.61 Mil).

Goldenbridge Acquisition's annual retained earnings declined from Jun. 2020 ($-0.04 Mil) to Jun. 2021 ($-4.70 Mil) and declined from Jun. 2021 ($-4.70 Mil) to Jun. 2022 ($-6.24 Mil).

Goldenbridge Acquisition Retained Earnings Historical Data

The historical data trend for Goldenbridge Acquisition'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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Goldenbridge Acquisition Retained Earnings Chart

Goldenbridge Acquisition Annual Data

Trend

Jun20

Jun21

Jun22

Retained Earnings

-0.04

-4.70

-6.24

Goldenbridge Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Retained Earnings	Get a 7-Day Free Trial					-5.19	-6.19	-6.24	-6.39	-6.61

Goldenbridge Acquisition 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.

Goldenbridge Acquisition (NAS:GBRGU) 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.

Goldenbridge Acquisition (Goldenbridge Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Goldenbridge Acquisition Ltd (NAS:GBRGU) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

171-172 Gloucester Road, 15th Floor, Aubin House, Wanchai, Hong Kong, HKG

Website

Goldenbridge Acquisition Ltd is a blank check company.

Executives

Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jining Li	director	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE RD, WANCHAI, HONG KONG F4 00000
Yanhong Xue	officer: Chief Financial Officer	ROOM 801, PLAZA B, YONGHE BUILDING,, NO.28 ANDINGMEN EAST STREET, DONGCHENG D, BEIJING F4 100007
Kinpui Choi	director	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO. 272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Yongsheng Liu	director, officer: Chief Executive Officer	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, N0. 272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Ray Lei Chen	officer: Chief Operating Officer	FLAT A, 6/F, BLOCK A, TONNOCHY TOWERS, NO.272 JAFFE ROAD, WANCHAI, HONG KONG F4 00000
Claude P. Franco	director	C/O GOLDENBRIDGE ACQUISITION LIMITED, 15/F, AUBIN HOUSE, 171-172 GLOUCESTER RD, WANCHAI K3 00000
Michael E. Chen	director	75 PASTURES LANE, NEW CANAAN CT 06840