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Leveljump Healthcare (TSXV:JUMP) Retained Earnings : C$-16.37 Mil (As of Sep. 2023)


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What is Leveljump Healthcare Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Leveljump Healthcare's retained earnings for the quarter that ended in Sep. 2023 was C$-16.37 Mil.

Leveljump Healthcare's quarterly retained earnings declined from Dec. 2022 (C$-14.41 Mil) to Mar. 2023 (C$-14.63 Mil) and declined from Mar. 2023 (C$-14.63 Mil) to Sep. 2023 (C$-16.37 Mil).

Leveljump Healthcare's annual retained earnings declined from Aug. 2020 (C$-0.17 Mil) to Dec. 2021 (C$-14.64 Mil) but then increased from Dec. 2021 (C$-14.64 Mil) to Dec. 2022 (C$-14.41 Mil).


Leveljump Healthcare Retained Earnings Historical Data

The historical data trend for Leveljump Healthcare'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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Leveljump Healthcare Retained Earnings Chart

Leveljump Healthcare Annual Data
Trend Aug19 Aug20 Dec21 Dec22
Retained Earnings
-0.05 -0.17 -14.64 -14.41

Leveljump Healthcare Quarterly Data
Nov19 Aug20 Nov20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.18 -15.35 -14.41 -14.63 -16.37

Leveljump Healthcare 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.


Leveljump Healthcare  (TSXV:JUMP) 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.


Leveljump Healthcare (TSXV:JUMP) Business Description

Traded in Other Exchanges
Address
85 Scarsdale Road, Suite 304, Toronto, ON, CAN, M3B 2R2
Leveljump Healthcare Corp is engaged in the business of providing radiology solutions for hospitals, emergency rooms, and private clinics. The company offers telehealth services that are designed to provide a doctor-to-doctor collaboration and diagnosis allowing effective patient care.

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