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QWTR (Quest Water Global) Retained Earnings : $-12.45 Mil (As of Sep. 2024)


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What is Quest Water Global Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Quest Water Global's retained earnings for the quarter that ended in Sep. 2024 was $-12.45 Mil.

Quest Water Global's quarterly retained earnings declined from Mar. 2024 ($-12.17 Mil) to Jun. 2024 ($-12.31 Mil) and declined from Jun. 2024 ($-12.31 Mil) to Sep. 2024 ($-12.45 Mil).

Quest Water Global's annual retained earnings declined from Dec. 2021 ($-10.06 Mil) to Dec. 2022 ($-11.24 Mil) and declined from Dec. 2022 ($-11.24 Mil) to Dec. 2023 ($-11.84 Mil).


Quest Water Global Retained Earnings Historical Data

The historical data trend for Quest Water Global'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.

Quest Water Global Retained Earnings Chart

Quest Water Global Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only -9.32 -9.74 -10.06 -11.24 -11.84

Quest Water Global 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.72 -11.84 -12.17 -12.31 -12.45

Quest Water Global 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.


Quest Water Global  (OTCPK:QWTR) 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.


Quest Water Global Business Description

Traded in Other Exchanges
N/A
Address
828 Harbourside Drive, Suite 209, North Vancouver, BC, CAN, V7P 3R9
Quest Water Global Inc is engaged in the pollution and treatment controls business sector. The company provides various solutions to water-scarce regions. The Company has only one operating segment which is the construction and distribution of water equipment that provides drinking water to areas of the world where water and/or infrastructure is scarce. The company's product portfolio consists of AQUAtap, which is a self-contained, solar-powered, decentralized water purification and distribution system, and WEPS (Water Extraction and Purification Systems), which provide water-scarce regions with an alternate, sustainable, pure source of water.
Executives
Peter Miele director, 10 percent owner 2434 NELSON AVENUE, WEST VANCOUVER A1 V7V 4H6
John Balanko director, 10 percent owner, officer: President, CEO 775 ST. ANDREWS ROAD, WEST VANCOUVER A1 V7S 1V5

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