Cadence Minerals (LSE:KDNC) Retained Earnings : £-24.16 Mil (As of Jun. 2024)

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What is Cadence Minerals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cadence Minerals's retained earnings for the quarter that ended in Jun. 2024 was £-24.16 Mil.

Cadence Minerals's quarterly retained earnings declined from Jun. 2023 (£-20.58 Mil) to Dec. 2023 (£-21.62 Mil) and declined from Dec. 2023 (£-21.62 Mil) to Jun. 2024 (£-24.16 Mil).

Cadence Minerals's annual retained earnings declined from Dec. 2021 (£-13.14 Mil) to Dec. 2022 (£-18.62 Mil) and declined from Dec. 2022 (£-18.62 Mil) to Dec. 2023 (£-21.62 Mil).

Cadence Minerals Retained Earnings Historical Data

The historical data trend for Cadence Minerals'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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Cadence Minerals Retained Earnings Chart

Cadence Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-22.23

-13.00

-13.14

-18.62

-21.62

Cadence Minerals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Retained Earnings	Get a 7-Day Free Trial															-18.17	-18.62	-20.58	-21.62	-24.16

Cadence Minerals 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.

Cadence Minerals (LSE:KDNC) 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.

Cadence Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cadence Minerals PLC (LSE:KDNC) » Definitions » Retained Earnings

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2REA:Germany

Address

c/o Hill Dickinson LLP, Primrose Street, The Broadgate Tower, London, GBR, EC2A 2EW

Website

https://www.cadenceminerals.com

Cadence Minerals PLC is engaged in identifying, investing, and developing Mineral resources. The Group is also exploring other mining-related opportunities. The company invests across the globe, principally in lithium mining projects. The company projects include Sonora Lithium, Cinovec Lithium, Yangibana Rare Earth Project, and Macarthur Minerals Projects where the Sonora Lithium Project consists of over 10 concessions confer rights for exploration, mining, and production, the Cinovec Lithium Project hosts tin deposit, the Karibib Lithium Project consists of five existing Exclusive Prospecting Licenses (EPLs) in the region and Yangibana Project hosts extensive rare earths-bearing ferrocarbonatite/ironstone veins.

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