MITI (Mitesco) Retained Earnings : $-60.34 Mil (As of Sep. 2024)

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What is Mitesco Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Mitesco's retained earnings for the quarter that ended in Sep. 2024 was $-60.34 Mil.

Mitesco's quarterly retained earnings declined from Mar. 2024 ($-62.00 Mil) to Jun. 2024 ($-62.41 Mil) but then increased from Jun. 2024 ($-62.41 Mil) to Sep. 2024 ($-60.34 Mil).

Mitesco's annual retained earnings declined from Dec. 2021 ($-25.48 Mil) to Dec. 2022 ($-48.71 Mil) and declined from Dec. 2022 ($-48.71 Mil) to Dec. 2023 ($-62.05 Mil).

Mitesco Retained Earnings Historical Data

The historical data trend for Mitesco'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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Mitesco Retained Earnings Chart

Mitesco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-11.58

-14.44

-25.48

-48.71

-62.05

Mitesco Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-63.43	-62.05	-62.00	-62.41	-60.34

Mitesco 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.

Mitesco (OTCPK:MITI) 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.

Mitesco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Mitesco Inc (OTCPK:MITI) » Definitions » Retained Earnings

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Address

505 Beachland Boulevard, Suite 1377, Vero Beach, FL, USA, 32963

Website

https://www.mitescoinc.com

Mitesco Inc is a holding company seeking to provide products, services and technology to make accessible higher quality and more affordable healthcare solutions. It is focused on developing a portfolio of companies that provide healthcare technology solutions and the team is adept at deal structures supportive of long-term organizational value.

Executives

Lonnie Allen Plunk	director	3525 PIEDMONT RD., NE, BUILDING 6, SUITE 700, ATLANTA GA 30305
Lawrence M. Diamond	director	7535 EAST HAMPDEN AVENUE, SUITE 400, DENVER CO 80231
Phillip J Keller	officer: Chief Financial Officer	2323 RING ROAD, ELIZABETHTOWN KY 42701
Sheila Schweitzer	director	1200 CAROLINA CIRCLE, VERO BEACH FL 62962
Ingrid Jenny Lindstrom	officer: Chief Legal Officer	1100 WILLS PLACE, GOLDEN VALLEY MN 55422
Juan Carlos Iturregui	director	5606 ALBIA RD., BETHESDA MD 20816
Faraz Naqvi	director	3001 HEARTHSTONE DRIVE, FORT COLLINS CO 80528
Thomas Brodmerkel	director	7535 EAST HAMPDEN AVENUE, STE. 400, DENVER CO 80231
Julie R. Smith	director	7535 EAST HAMPDEN AVENUE, SUITE 400, DENVER CO 80231
Ron Riewold	officer: CHAIRMAN	37 NORTH ORANGE AVE, STE 500, ORLANDO FL 32801
Douglas Cole	director	C/O AMERICAN BATTERY METALS CORP, 930 TAHOE BLVD, STE 802-16, INCLINE VILLAGE NV 89451
James Philip Crone	director, officer: Pres, Interim CFO, Sec, Dir	1355 PEACHTREE STREET, SUITE 1150, ATLANTA GA 30309
Morton James E Iii	officer: President	549 VIKINGS LANE, ATLANTIC BEACH FL 32233
Deluca Louis George Jr	officer: C.O.O.	194 EDWARDS DR, MABLETON GA 30126
Thomas W. Burnell	officer: President and CEO	1355 PEACHTREE STREET, SUITE 1150, ATLANTA GA 30309