LGACW (Lazard Growth Acquisition I) Retained Earnings: $-26.72 Mil (As of Sep. 2022)

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LGACW Lazard Growth Acquisition Corp I LGACW
22 GF Score
Price $0.00
! 2 Warning Signs
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What is Lazard Growth Acquisition I Retained Earnings?

Lazard Growth Acquisition I LGACW 22 Retained Earnings is $-26.72 Mil as of Sep. 2022. GuruFocus rates LGACW with a GF Score™ of 22/100. The stock has 2 warning signs investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Lazard Growth Acquisition I's retained earnings for the quarter that ended in Sep. 2022 was $-26.72 Mil.

Lazard Growth Acquisition I's quarterly retained earnings increased from Mar. 2022 ($-35.86 Mil) to Jun. 2022 ($-30.59 Mil) and increased from Jun. 2022 ($-30.59 Mil) to Sep. 2022 ($-26.72 Mil).

Lazard Growth Acquisition I's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2020 ($-0.01 Mil) but then declined from Dec. 2020 ($-0.01 Mil) to Dec. 2021 ($-42.46 Mil).

Lazard Growth Acquisition I  (NAS:LGACW) 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.

Lazard Growth Acquisition I Retained Earnings Historical Data

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The historical data trend for Lazard Growth Acquisition I'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.

Lazard Growth Acquisition I Retained Earnings Chart

Lazard Growth Acquisition I Annual Data
Trend Dec20 Dec21
Retained Earnings
-0.01 -42.46

Lazard Growth Acquisition I Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Retained Earnings Get a 7-Day Free Trial -37.24 -42.46 -35.86 -30.59 -26.72
LGACW
22GF Score
Lazard Growth Acquisition Corp I LGACW
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
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Lazard Growth Acquisition I 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.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $-26.72 Mil mean?
Lazard Growth Acquisition I (LGACW) has a Retained Earnings of $-26.72 Mil as of Sep. 2022. Retained earnings is the amount of net income not issued to shareholders. View historical data on Lazard Growth Acquisition I and its competitors.
Is Lazard Growth Acquisition I's Retained Earnings too high?
Lazard Growth Acquisition I's current Retained Earnings is $-26.72 Mil. Overall, Lazard Growth Acquisition I has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Lazard Growth Acquisition I's Retained Earnings compare to SLAM and MSDA?
Lazard Growth Acquisition I's Retained Earnings of $-26.72 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Diversified Financial Services company?
A good Retained Earnings depends on the Diversified Financial Services industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Lazard Growth Acquisition I and its competitors. Lazard Growth Acquisition I's current Retained Earnings is $-26.72 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lazard Growth Acquisition I stock overvalued right now?
Lazard Growth Acquisition I (LGACW) has a current Retained Earnings of $-26.72 Mil. The current Retained Earnings is $-26.72 Mil. Lazard Growth Acquisition I's overall GF Score™ is 22/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Lazard Growth Acquisition I (LGACW), the current Retained Earnings is $-26.72 Mil as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Lazard Growth Acquisition I Business Description

Address 30 Rockefeller Plaza, New York, NY, USA, 10112
Lazard Growth Acquisition Corp I 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.
22GF Score

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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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