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Near Intelligence (Near Intelligence) Retained Earnings : $-277.69 Mil (As of Jun. 2023)


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What is Near Intelligence Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Near Intelligence's retained earnings for the quarter that ended in Jun. 2023 was $-277.69 Mil.

Near Intelligence's quarterly retained earnings declined from Sep. 2022 ($-220.02 Mil) to Mar. 2023 ($-259.95 Mil) and declined from Mar. 2023 ($-259.95 Mil) to Jun. 2023 ($-277.69 Mil).

Near Intelligence's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2020 ($-101.85 Mil) but then declined from Dec. 2020 ($-101.85 Mil) to Dec. 2021 ($-136.37 Mil).


Near Intelligence Retained Earnings Historical Data

The historical data trend for Near Intelligence'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.

* Premium members only.

Near Intelligence Retained Earnings Chart

Near Intelligence Annual Data
Trend Dec20 Dec21
Retained Earnings
-101.85 -136.37

Near Intelligence Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23
Retained Earnings Get a 7-Day Free Trial Premium Member Only - -210.80 -220.02 -259.95 -277.69

Near Intelligence 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.


Near Intelligence  (OTCPK:NIRLQ) 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.


Near Intelligence (Near Intelligence) Business Description

Traded in Other Exchanges
N/A
Address
100 W Walnut Street, 4th Floor, Pasadena, CA, USA
Near Intelligence Inc is a global, full stack data intelligence software as a service platform that stitches and enriches data on people and places from which its customers can derive actionable intelligence of consumer behavior to help its customers make meaningful decisions.
Executives
Richard J Salute director P O BOX 306, WOODBURY NY 11797
Sherman Iii Edmiston director ONE CITYPLACE DRIVE, SUITE 300, ONE CITYPLACE DRIVE, SUITE 300, ST. LOUIS MO 63141
Kathryn Petralia director TRICOLOR HOLDINGS, INC., 6021 CONNECTION DRIVE, 4TH FLOOR, IRVING TX 75039
Mark N Greene director 901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402
Um Legacy Llc 10 percent owner 130 WEST UNION STREET, PASADENA CA 91103
Jpmorgan Chase & Co 10 percent owner 383 MADISON AVENUE, NEW YORK NY 10017
Cecil Capital Pte. Ltd. 10 percent owner 160 ROBINSON ROAD, #20-03, SINGAPORE U0 068914
Shobhit Shukla officer: President 1096 KEELER AVENUE, BERKELEY CA 94708
Gladys Kong officer: COO and Secretary 1096 KEELER AVENUE, BERKELEY CA 94708
Rahul Agarwal officer: Chief Financial Officer 1096 KEELER AVENUE, BERKELEY CA 94708
Anil Mathews director, officer: CEO and Chairman 1096 KEELER AVENUE, BERKELEY CA 94708
Jay Angelo officer: General Counsel 1096 KEELER AVENUE, BERKELEY CA 94708
Sequoia Capital India Iii Ltd. 10 percent owner 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Ronald Steger director 13710 OASIS TERRACE, LAKEWOOD RANCH FL 34202
Blake Ross 10 percent owner 1887 WHITNEY MESA DRIVE, #2070, HENDERSON NV 89014