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SoLVBL Solutions (SoLVBL Solutions) Retained Earnings : $-9.77 Mil (As of Jun. 2023)


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What is SoLVBL Solutions Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SoLVBL Solutions's retained earnings for the quarter that ended in Jun. 2023 was $-9.77 Mil.

SoLVBL Solutions's quarterly retained earnings declined from Dec. 2022 ($-8.29 Mil) to Mar. 2023 ($-8.81 Mil) and declined from Mar. 2023 ($-8.81 Mil) to Jun. 2023 ($-9.77 Mil).

SoLVBL Solutions's annual retained earnings declined from Dec. 2020 ($-2.50 Mil) to Dec. 2021 ($-4.37 Mil) and declined from Dec. 2021 ($-4.37 Mil) to Dec. 2022 ($-8.29 Mil).


SoLVBL Solutions Retained Earnings Historical Data

The historical data trend for SoLVBL Solutions'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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SoLVBL Solutions Retained Earnings Chart

SoLVBL Solutions Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Retained Earnings
-1.97 -2.50 -4.37 -8.29

SoLVBL Solutions Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 -5.15 -5.26 -8.29 -8.81 -9.77

SoLVBL Solutions 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.


SoLVBL Solutions  (OTCPK:SOLBF) 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.


SoLVBL Solutions (SoLVBL Solutions) Business Description

Traded in Other Exchanges
Address
100 King Street West, First Canadian Place, Suite 5700, Toronto, ON, CAN, M5X 1C7
SoLVBL Solutions Inc is a solution engineering company specializing in applications that address critical data integrity problems. Its products and services include a Supply-chain ecosystem, which enables a single entity to monitor, measure, and manage its inventory and supply management; and a Tracking system that provides a level of security by registering tracker profiles on the ledger using a 256-bit hash. It generates revenue through the sale of services for Blockchain software products.

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