LMSBF (The Limestone Boat Co) Retained Earnings: $-26.78 Mil (As of Dec. 2023)


What is The Limestone Boat Co Retained Earnings?

The Limestone Boat Co LMSBF Retained Earnings is $-26.78 Mil as of Dec. 2023.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. The Limestone Boat Co's retained earnings for the quarter that ended in Dec. 2023 was $-26.78 Mil.

The Limestone Boat Co's quarterly retained earnings declined from Jun. 2023 ($-24.78 Mil) to Sep. 2023 ($-25.10 Mil) and declined from Sep. 2023 ($-25.10 Mil) to Dec. 2023 ($-26.78 Mil).

The Limestone Boat Co's annual retained earnings stayed the same from . 20 ($0.00 Mil) to . 20 ($0.00 Mil) but then increased from . 20 ($0.00 Mil) to Dec. 2020 ($-1.26 Mil).

The Limestone Boat Co  (OTCPK:LMSBF) 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.

The Limestone Boat Co Retained Earnings Historical Data

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The historical data trend for The Limestone Boat Co'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.

The Limestone Boat Co Retained Earnings Chart

The Limestone Boat Co Annual Data
Trend Dec20
Retained Earnings
-1.26

The Limestone Boat Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec23
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 -14.72 -15.41 -24.78 -25.10 -26.78

The Limestone Boat Co 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 $-26.78 Mil mean?
The Limestone Boat Co (LMSBF) has a Retained Earnings of $-26.78 Mil as of Dec. 2023. Retained earnings is the amount of net income not issued to shareholders. View historical data on The Limestone Boat Co and its competitors.
Is The Limestone Boat Co's Retained Earnings too high?
The Limestone Boat Co's current Retained Earnings is $-26.78 Mil.
How does The Limestone Boat Co's Retained Earnings compare to USLG and MCOM?
The Limestone Boat Co's Retained Earnings of $-26.78 Mil can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Retained Earnings depends on the Vehicles & Parts 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 The Limestone Boat Co and its competitors. The Limestone Boat Co's current Retained Earnings is $-26.78 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Limestone Boat Co stock overvalued right now?
The Limestone Boat Co (LMSBF) has a current Retained Earnings of $-26.78 Mil. The current Retained Earnings is $-26.78 Mil. 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 The Limestone Boat Co (LMSBF), the current Retained Earnings is $-26.78 Mil as of Dec. 2023. 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.

The Limestone Boat Co Business Description

Address 64 Hurontario Street, Collingwood, ON, CAN, L9Y 2L6
The Limestone Boat Co Ltd is an owner and builder of Aquasport Boat, Limestone Boat, and Boca Bay boat brands. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.