OCCIP.PFD (OFS Credit Co) Retained Earnings : $-45.17 Mil (As of Oct. 2024)

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What is OFS Credit Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. OFS Credit Co's retained earnings for the quarter that ended in Oct. 2024 was $-45.17 Mil.

OFS Credit Co's quarterly retained earnings declined from Oct. 2023 ($-42.91 Mil) to Apr. 2024 ($-46.19 Mil) but then increased from Apr. 2024 ($-46.19 Mil) to Oct. 2024 ($-45.17 Mil).

OFS Credit Co's annual retained earnings declined from Oct. 2022 ($-15.34 Mil) to Oct. 2023 ($-42.91 Mil) and declined from Oct. 2023 ($-42.91 Mil) to Oct. 2024 ($-45.17 Mil).

OFS Credit Co Retained Earnings Historical Data

The historical data trend for OFS Credit Co'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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OFS Credit Co Retained Earnings Chart

OFS Credit Co Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Retained Earnings

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-11.83

11.74

-15.34

-42.91

-45.17

OFS Credit Co Semi-Annual Data
	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Retained Earnings	Get a 7-Day Free Trial								-15.34	-30.54	-42.91	-46.19	-45.17

OFS Credit Co 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.

OFS Credit Co (NAS:OCCIP.PFD) 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.

OFS Credit Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » OFS Credit Co Inc (NAS:OCCIP.PFD) » Definitions » Retained Earnings

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Address

10 South Wacker Drive, Suite 2500, Chicago, IL, USA, 60606

Website

https://www.ofscreditcompany.com

OFS Credit Co Inc is a non-diversified, closed-end management investment company. Its investment objective is to generate current income, with a secondary objective to generate capital appreciation primarily through investment in collateralized loan obligation (CLO) equity and debt securities. The company invests in floating rate credit instruments and other structured credit investments, including; collateralized loan obligation (CLO) debt and subordinated (i.e., residual or equity) securities; traditional corporate credit investments, including leveraged loans and high yield bonds; opportunistic credit investments, including stressed and distressed credit situations and long/short credit investments; and other credit-related instruments.