SolarBank (NEOE:SUNN) Retained Earnings : C$12.25 Mil (As of Mar. 2024)

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What is SolarBank Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SolarBank's retained earnings for the quarter that ended in Mar. 2024 was C$12.25 Mil.

SolarBank's quarterly retained earnings increased from Sep. 2023 (C$8.69 Mil) to Dec. 2023 (C$8.73 Mil) and increased from Dec. 2023 (C$8.73 Mil) to Mar. 2024 (C$12.25 Mil).

SolarBank's annual retained earnings increased from . 20 (C$0.00 Mil) to Jun. 2022 (C$4.41 Mil) and increased from Jun. 2022 (C$4.41 Mil) to Jun. 2023 (C$6.65 Mil).

SolarBank Retained Earnings Historical Data

The historical data trend for SolarBank'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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SolarBank Retained Earnings Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Retained Earnings

4.41

6.65

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial					7.84	6.65	8.69	8.73	12.25

SolarBank 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.

SolarBank (NEOE:SUNN) 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.

SolarBank (NEOE:SUNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

SUUNF:USA GY2:Germany

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

Executives

Xiaohong Zheng

Senior Officer

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