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SOLCF (SOL Global Investments) Retained Earnings : $-86.69 Mil (As of Aug. 2024)


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What is SOL Global Investments Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SOL Global Investments's retained earnings for the quarter that ended in Aug. 2024 was $-86.69 Mil.

SOL Global Investments's quarterly retained earnings declined from Feb. 2024 ($-86.65 Mil) to May. 2024 ($-87.85 Mil) but then increased from May. 2024 ($-87.85 Mil) to Aug. 2024 ($-86.69 Mil).

SOL Global Investments's annual retained earnings declined from Nov. 2021 ($171.59 Mil) to Nov. 2022 ($-60.48 Mil) and declined from Nov. 2022 ($-60.48 Mil) to Nov. 2023 ($-84.28 Mil).


SOL Global Investments Retained Earnings Historical Data

The historical data trend for SOL Global Investments'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.

SOL Global Investments Retained Earnings Chart

SOL Global Investments Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Mar18 Mar19 Nov20 Nov21 Nov22 Nov23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 46.47 43.16 171.59 -60.48 -84.28

SOL Global Investments Quarterly Data
Sep19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 -74.58 -84.28 -86.65 -87.85 -86.69

SOL Global Investments 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.


SOL Global Investments  (OTCPK:SOLCF) 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.


SOL Global Investments Business Description

Traded in Other Exchanges
Address
100 King Street West, Suite 5600, Toronto, ON, CAN, M5X 1C9
SOL Global Investments Corp is a cannabis company with a focus on legal U.S. states. Its strategic investments and partnerships across cultivation, distribution and retail complement the company's R&D program with the University of Miami. It is also involved in Retail, Agriculture, Quick Service Restaurants & Hospitality, Media Technology & Gaming, Energy and New Age Wellness.

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