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SCP Healthcare Acquisition Co (SCP Healthcare Acquisition Co) Retained Earnings : $-8.53 Mil (As of Sep. 2022)


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What is SCP Healthcare Acquisition Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SCP Healthcare Acquisition Co's retained earnings for the quarter that ended in Sep. 2022 was $-8.53 Mil.

SCP Healthcare Acquisition Co's quarterly retained earnings increased from Mar. 2022 ($-10.62 Mil) to Jun. 2022 ($-8.52 Mil) but then declined from Jun. 2022 ($-8.52 Mil) to Sep. 2022 ($-8.53 Mil).

SCP Healthcare Acquisition Co's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2020 ($-0.00 Mil) but then declined from Dec. 2020 ($-0.00 Mil) to Dec. 2021 ($-17.26 Mil).

SCP Healthcare Acquisition Co Retained Earnings Historical Data

The historical data trend for SCP Healthcare Acquisition 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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SCP Healthcare Acquisition Co Retained Earnings Chart

SCP Healthcare Acquisition Co Annual Data
Trend Dec20 Dec21
Retained Earnings
- -17.26

SCP Healthcare Acquisition Co Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Retained Earnings Get a 7-Day Free Trial Premium Member Only -17.25 -17.26 -10.62 -8.52 -8.53

SCP Healthcare Acquisition 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.

SCP Healthcare Acquisition Co  (NAS:SHACU) 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.

SCP Healthcare Acquisition Co (SCP Healthcare Acquisition Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SCP & CO Healthcare Acquisition Co (NAS:SHACU) » Definitions » Retained Earnings
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Traded in Other Exchanges
N/A
Address
2909 West Bay to Bay Boulevard, Suite 300, Tampa, FL, USA, 33629
Website
https://www.shacspac.com
SCP & CO Healthcare Acquisition Co is a blank check company that intends to initially focus its search on identifying a prospective target business in the healthcare technology or healthcare-related industries in the United States and other developed countries.
Executives
Mohit Kaushal director 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Timothy L Main director GATE NO 4, PLANT 10 / 11 GODREJ & BOYCE, PIROJSHANAGAR, LBS MARG, VIKHROLI (WEST), MUMBAI, MAHARASHTRA K7 400079
R. David Kretschmer director 310 SEVEN SPRINGS WAY, SUITE 500, BRENTWOOD TN 37027
Alan D Gold director 17140 BERNARDO CENTER DRIVE, SUITE 195, SAN DIEGO CA 92128
Scp & Co Sponsor Llc 10 percent owner 2909 W BAY TO BAY BLVD STE 300, TAMPA FL 33629
Scott Feuer director, 10 percent owner, officer: Chief Executive Officer 2909 W BAY TO BAY BLVD SUITE 300, TAMPA FL 33629
Bryan Crino director, 10 percent owner, officer: President 2909 W BAY TO BAY, SUITE 300, TAMPA FL 33629
Randy Parker director 2909 W BAY TO BAY BLVD, SUITE 300, TAMPA FL 33629
Joseph Passero officer: Chief Financial Officer 2909 W BAY TO BAY BLVD SUITE 300, TAMPA FL 8133189600