Cornish Metals (TSXV:CUSN) Retained Earnings : C$-43.46 Mil (As of Dec. 2024)

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What is Cornish Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cornish Metals's retained earnings for the quarter that ended in Dec. 2024 was C$-43.46 Mil.

Cornish Metals's quarterly retained earnings increased from Jun. 2024 (C$-46.52 Mil) to Sep. 2024 (C$-41.91 Mil) but then declined from Sep. 2024 (C$-41.91 Mil) to Dec. 2024 (C$-43.46 Mil).

Cornish Metals's annual retained earnings declined from Jan. 2022 (C$-38.60 Mil) to Jan. 2023 (C$-39.68 Mil) and declined from Jan. 2023 (C$-39.68 Mil) to Dec. 2024 (C$-43.46 Mil).

Cornish Metals Retained Earnings Historical Data

The historical data trend for Cornish Metals'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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Cornish Metals Retained Earnings Chart

Cornish Metals Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Dec24

Retained Earnings

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-34.28

-35.69

-38.60

-39.68

-43.46

Cornish Metals Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Mar24	Jun24	Sep24	Dec24
Retained Earnings	Get a 7-Day Free Trial															-41.25	-44.95	-46.52	-41.91	-43.46

Cornish Metals 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.

Cornish Metals (TSXV:CUSN) 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.

Cornish Metals Business Description

Industry

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Address

1056 - 409 Granville Street, Vancouver, BC, CAN, V6C 1T2

Website

https://www.cornishmetals.com

Cornish Metals Inc is engaged in the exploration and development of its mineral properties in Cornwall, United Kingdom. Its flagship mineral property is the past producing South Crofty underground tin mine which is being re-opened through a final investment decision. The Cornwall Mineral Properties are one of the highest-grade tin resources globally, with the potential to become a new, low-cost producer for the world. The company also holds other mineral rights in Cornwall with potential for the discovery of tin, copper, lithium, tungsten, zinc, and silver mineralisation.

Executives

Anthony John Trahar	Director
Osisko Development Corp.	10% Security Holder
John Feliks Burzynski	Director or Senior Officer of 10% Security Holder
Richard David Williams	Director
Donald Robert Njegovan	Director
Patrick Fergus Neill Anderson	Director

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