Greenheart Gold (TSXV:GHRT) Retained Earnings : C$-1.39 Mil (As of Sep. 2024)

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What is Greenheart Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Greenheart Gold's retained earnings for the quarter that ended in Sep. 2024 was C$-1.39 Mil.

Greenheart Gold's quarterly retained earnings stayed the same from . 20 (C$0.00 Mil) to . 20 (C$0.00 Mil) but then increased from . 20 (C$0.00 Mil) to Sep. 2024 (C$-1.39 Mil).

Greenheart Gold Retained Earnings Historical Data

The historical data trend for Greenheart Gold'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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Greenheart Gold Retained Earnings Chart

Greenheart Gold Annual Data

Trend

Retained Earnings

Greenheart Gold Semi-Annual Data
	Sep24
Retained Earnings	-1.39

Greenheart Gold 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.

Greenheart Gold (TSXV:GHRT) 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.

Greenheart Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greenheart Gold Inc (TSXV:GHRT) » Definitions » Retained Earnings

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Address

c/o Stikeman Elliott LLP, 199 Bay Street, 5300 Commerce Court West, Toronto, ON, CAN, M5L 1B9

Website

https://www.greenheartgold.com

Greenheart Gold Inc is an exploration company that continues to build on a proven legacy of mineral resource discoveries in the Guiana Shield, a geologic terrain that is host to numerous gold deposits. The Company believes that this region is relatively under-explored and remains highly prospective for orogenic gold deposits. Greenheart Gold is focused on the jurisdictions of Guyana and Suriname, both having strong track records of successful mine development and supportive governments, in addition to highly prospective geology. The Company's principal project is the Majorodam Project in Suriname.

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