Grid Metals (TSXV:GRDM) Retained Earnings : C$-74.04 Mil (As of Sep. 2024)

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What is Grid Metals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Grid Metals's retained earnings for the quarter that ended in Sep. 2024 was C$-74.04 Mil.

Grid Metals's quarterly retained earnings declined from Mar. 2024 (C$-72.43 Mil) to Jun. 2024 (C$-72.91 Mil) and declined from Jun. 2024 (C$-72.91 Mil) to Sep. 2024 (C$-74.04 Mil).

Grid Metals's annual retained earnings increased from Dec. 2021 (C$-61.86 Mil) to Dec. 2022 (C$-60.02 Mil) but then declined from Dec. 2022 (C$-60.02 Mil) to Dec. 2023 (C$-69.27 Mil).

Grid Metals Retained Earnings Historical Data

The historical data trend for Grid 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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Grid Metals Retained Earnings Chart

Grid Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-56.08

-58.07

-61.86

-60.02

-69.27

Grid Metals Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-67.21	-69.27	-72.43	-72.91	-74.04

Grid 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.

Grid Metals (TSXV:GRDM) 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.

Grid Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grid Metals Corp (TSXV:GRDM) » Definitions » Retained Earnings

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MSMGF:USA

Address

3335 Yonge Street, Suite 304, Toronto, ON, CAN, M5N 2M1

Website

https://www.gridmetalscorp.com

Grid Metals Corp is an exploration and development company focused on both lithium and copper/nickel projects in the Bird River area, approximately 150 km northeast of Winnipeg Manitoba.. The company has a diversified portfolio of properties where it is actively exploring for Nickel-Copper, palladium, and lithium.

Executives

Robin Edward Dunbar	Director, Senior Officer
Patrick Joseph Christopher Murphy	Director
Douglas Andrew Harris	Senior Officer

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