/term/retained-earnings/GLST GLST (Global Star Acquisition) Retained Earnings
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Global Star Acquisition (Global Star Acquisition) Retained Earnings : $-6.29 Mil (As of Mar. 2024)


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What is Global Star Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Global Star Acquisition's retained earnings for the quarter that ended in Mar. 2024 was $-6.29 Mil.

Global Star Acquisition's quarterly retained earnings declined from Sep. 2023 ($-3.33 Mil) to Dec. 2023 ($-5.17 Mil) and declined from Dec. 2023 ($-5.17 Mil) to Mar. 2024 ($-6.29 Mil).

Global Star Acquisition's annual retained earnings declined from Dec. 2021 ($-0.00 Mil) to Dec. 2022 ($-2.33 Mil) and declined from Dec. 2022 ($-2.33 Mil) to Dec. 2023 ($-5.17 Mil).

Global Star Acquisition Retained Earnings Historical Data

The historical data trend for Global Star 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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Global Star Acquisition Retained Earnings Chart

Global Star Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Retained Earnings
- - -2.33 -5.17

Global Star Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -2.67 -2.99 -3.33 -5.17 -6.29

Global Star 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.

Global Star Acquisition  (NAS:GLST) 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.

Global Star Acquisition (Global Star Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Global Star Acquisition Inc (NAS:GLST) » Definitions » Retained Earnings
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Traded in Other Exchanges
N/A
Address
1641 International Drive, Unit 208, McLean, VA, USA, 22102
Website
Global Star Acquisition Inc is a blank check company.
Executives
Chun Wing Lam director 1641 INTERNATIONAL DRIVE, UNIT 208, MCLEAN VA 22012
Cui Shan officer: Chief Financial Officer SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Chew Hai Chew Chwee director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Yang Kan Chong director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Kan Benny Mun Wai director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Anthony Ang director, 10 percent owner, officer: Chief Executive Officer 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Jukka Rannila director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Nicholas Khoo officer: Chief Operating Officer 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Global Star Acquisition 1 Llc 10 percent owner 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012
Stephen Drew director 1641 INTERNATIONAL DRIVE UNIT 208, MCLEAN VA 22012