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Solidus Communications (Solidus Communications) Retained Earnings : $-5.38 Mil (As of Nov. 2016)


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What is Solidus Communications Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Solidus Communications's retained earnings for the quarter that ended in Nov. 2016 was $-5.38 Mil.

Solidus Communications's quarterly retained earnings increased from Nov. 2014 ($-17.38 Mil) to Nov. 2015 ($-6.19 Mil) and increased from Nov. 2015 ($-6.19 Mil) to Nov. 2016 ($-5.38 Mil).

Solidus Communications's annual retained earnings increased from Nov. 2014 ($-17.38 Mil) to Nov. 2015 ($-6.19 Mil) and increased from Nov. 2015 ($-6.19 Mil) to Nov. 2016 ($-5.38 Mil).


Solidus Communications Retained Earnings Historical Data

The historical data trend for Solidus Communications'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.

Solidus Communications Retained Earnings Chart

Solidus Communications Annual Data
Trend Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.57 -17.15 -17.38 -6.19 -5.38

Solidus Communications Semi-Annual Data
Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.57 -17.15 -17.38 -6.19 -5.38

Solidus Communications 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.


Solidus Communications  (OTCPK:SLDC) 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.


Solidus Communications (Solidus Communications) Business Description

Traded in Other Exchanges
N/A
Address
454 South Yonge Street, Suite 3A, Ormond Beach, FL, USA, 32174
Solidus Communications Inc offers telecommunication services and equipment, including mobile phones, mobile voice service, and VoIP service. It offers prepaid service/plans that include predefined minute/unlimited minute plans. It offers services under the brand names Amgentech and Telco Cuba. Under the brand name Telco Cuba, the company is targeting the Cuban American demographic in the United States. Under the brand name Amgentech, offers the best of breed technology solutions which include, but are not limited to Software and Network architecture services, software development, website development, hosting and colocation services, managed network and server services, voice over IP servers and bulk mailing services.
Executives
Jmz Alliance Group, Inc. 10 percent owner 1108 KANE CONCOURSE, #206, HARBOR ISLANDS FL 33154
Pucillo Frederick J. Jr. director, officer: CEO, President 111 AIRPORT RD., UNIT 5, WARWICK RI 02889
Malkeet Singh Bains director, 10 percent owner, officer: President, Secretary-Treasurer 7445 132ND STREET, SUITE 2008, SURREY A1 V3W 5S8

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