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Health Assurance Acquisition (Health Assurance Acquisition) Retained Earnings : $-26.04 Mil (As of Jun. 2022)


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What is Health Assurance Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Health Assurance Acquisition's retained earnings for the quarter that ended in Jun. 2022 was $-26.04 Mil.

Health Assurance Acquisition's quarterly retained earnings increased from Dec. 2021 ($-42.69 Mil) to Mar. 2022 ($-35.13 Mil) and increased from Mar. 2022 ($-35.13 Mil) to Jun. 2022 ($-26.04 Mil).

Health Assurance Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2020 ($-89.29 Mil) and increased from Dec. 2020 ($-89.29 Mil) to Dec. 2021 ($-42.69 Mil).


Health Assurance Acquisition Retained Earnings Historical Data

The historical data trend for Health Assurance 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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Health Assurance Acquisition Retained Earnings Chart

Health Assurance Acquisition Annual Data
Trend Dec20 Dec21
Retained Earnings
-89.29 -42.69

Health Assurance Acquisition Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Retained Earnings Get a 7-Day Free Trial -9.54 -48.81 -42.69 -35.13 -26.04

Health Assurance 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.


Health Assurance Acquisition  (NAS:HAAC) 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.


Health Assurance Acquisition (Health Assurance Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
20 University Road, Cambridge, MA, USA, 02138
Health Assurance Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
Executives
Atlas Merchant Capital Llc 10 percent owner 477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022
Mark Joseph Allen officer: Chief Financial Officer 20 UNIVERSITY ROAD, CAMBRIDGE MA 02138
Michelle A Brown officer: Chief Financial Officer C/O HEALTH ASSURANCE ACQUISITION CORP., 20 UNIVERSITY ROAD, CAMBRIDGE MA 02138
Klasko Stephen K. M.d. director 155 SOUTH LIMERICK ROAD, LIMERICK PA 19468
Anita Pramoda director 222 MERCHANDISE MART PLAZA, SUITE 2024, CHICAGO IL 60654
Glen Tullman director C/O LIVONGO HEALTH, INC., 150 WEST EVELYN AVENUE, SUITE 150, MOUNTAIN VIEW CA 94041
Quentin Clark director 333 BRANNAN STREET, SAN FRANCISCO CA 94107
Hemant Taneja director, officer: Chief Executive Officer C/O GENERAL CATALYST, 20 UNIVERSITY ROAD, 4TH FLOOR, CAMBRIDGE MA 02138
Jennifer Schneider director C/O LIVONGO HEALTH, INC., 150 WEST EVELYN AVENUE, SUITE 150, MOUNTAIN VIEW CA 94041
Evan Sotiriou officer: Chief Operating Officer C/O HEALTHCARE ASSURANCE ACQUISITION, 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138
Health Assurance Economy Foundation 10 percent owner 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138
Haac Sponsor, Llc 10 percent owner C/O GENERAL CATALYST, 20 UNIVERSITY ROAD, FOURTH FLOOR, CAMBRIDGE MA 02138