Fredonia Mining (TSXV:FRED) Retained Earnings : C$-20.46 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Fredonia Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fredonia Mining's retained earnings for the quarter that ended in Dec. 2023 was C$-20.46 Mil.

Fredonia Mining's quarterly retained earnings declined from Jun. 2023 (C$-8.11 Mil) to Sep. 2023 (C$-20.21 Mil) and declined from Sep. 2023 (C$-20.21 Mil) to Dec. 2023 (C$-20.46 Mil).

Fredonia Mining's annual retained earnings declined from Sep. 2021 (C$0.00 Mil) to Sep. 2022 (C$-16.35 Mil) and declined from Sep. 2022 (C$-16.35 Mil) to Sep. 2023 (C$-20.21 Mil).

Fredonia Mining Retained Earnings Historical Data

The historical data trend for Fredonia Mining'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.

Fredonia Mining Retained Earnings Chart

Fredonia Mining Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Retained Earnings

-5.35

-16.35

-20.21

Fredonia Mining Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial										-8.80	-8.19	-8.11	-20.21	-20.46

Fredonia Mining 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.

Fredonia Mining (TSXV:FRED) 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.

Fredonia Mining (TSXV:FRED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fredonia Mining Inc (TSXV:FRED) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

350 Bay Street, Number 700, Toronto, ON, CAN, M5H 2S6

Website

https://www.fredoniamanagement.com

Fredonia Mining Inc is engaged in the exploration of precious metals in Argentina. Fredonia holds licenses over three areas in the Deseado including the flagship El Dorado Monserrat Project, EDM, as well as El Aguila, and Hornia. Fredonia has undertaken exploration drill programs on EDM and El Aguila with encouraging results. Hornia is an underexplored area but historic drilling indicates the realistic potential for further discoveries. El Aguila is interpreted as a failed caldera with significant gold mineralization encountered in the radial as well as ring structures.

Executives

Estanislao Ricardo Auriemma

Director, Senior Officer

Fredonia Mining (TSXV:FRED) Headlines

No Headlines