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Norse Atlantic ASA (LTS:0ABN) Retained Earnings : kr-4,798 Mil (As of Sep. 2024)


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What is Norse Atlantic ASA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Norse Atlantic ASA's retained earnings for the quarter that ended in Sep. 2024 was kr-4,798 Mil.

Norse Atlantic ASA's quarterly retained earnings declined from Mar. 2024 (kr-4,388 Mil) to Jun. 2024 (kr-4,728 Mil) and declined from Jun. 2024 (kr-4,728 Mil) to Sep. 2024 (kr-4,798 Mil).

Norse Atlantic ASA's annual retained earnings declined from Dec. 2021 (kr-63 Mil) to Dec. 2022 (kr-1,798 Mil) and declined from Dec. 2022 (kr-1,798 Mil) to Dec. 2023 (kr-3,700 Mil).


Norse Atlantic ASA Retained Earnings Historical Data

The historical data trend for Norse Atlantic ASA'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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Norse Atlantic ASA Retained Earnings Chart

Norse Atlantic ASA Annual Data
Trend Dec21 Dec22 Dec23
Retained Earnings
-62.82 -1,797.88 -3,699.84

Norse Atlantic ASA Quarterly Data
Feb20 Jun21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3,071.32 -3,699.84 -4,388.38 -4,728.12 -4,798.20

Norse Atlantic ASA 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.


Norse Atlantic ASA  (LTS:0ABN) 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.


Norse Atlantic ASA Business Description

Traded in Other Exchanges
Address
Floyveien 14, Arendal, NOR, 4838
Norse Atlantic ASA is a new airline serving the low-cost, intercontinental market between popular European and The USA destinations with a fleet of modern, fuel-efficient, and more environmentally friendly. Geographically, the company operates in Norway. United Kingdom, Europe, The USA, Rest of Europe and Other.

Norse Atlantic ASA Headlines

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