Gander Gold (XCNQ:GAND) Retained Earnings : C$-3.50 Mil (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Gander Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gander Gold's retained earnings for the quarter that ended in Mar. 2024 was C$-3.50 Mil.

Gander Gold's quarterly retained earnings declined from Sep. 2023 (C$-3.02 Mil) to Dec. 2023 (C$-3.31 Mil) and declined from Dec. 2023 (C$-3.31 Mil) to Mar. 2024 (C$-3.50 Mil).

Gander Gold's annual retained earnings declined from Jun. 2021 (C$-0.03 Mil) to Jun. 2022 (C$-1.24 Mil) and declined from Jun. 2022 (C$-1.24 Mil) to Jun. 2023 (C$-2.70 Mil).

Gander Gold Retained Earnings Historical Data

The historical data trend for Gander 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.

* Premium members only.

Gander Gold Retained Earnings Chart

Gander Gold Annual Data

Trend

Jun21

Jun22

Jun23

Retained Earnings

-0.03

-1.24

-2.70

Gander Gold Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial						-1.56	-2.70	-3.02	-3.31	-3.50

Gander 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.

Gander Gold (XCNQ:GAND) 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.

Gander Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gander Gold Corp (XCNQ:GAND) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

GANDF:USA

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.gandergold.com

Gander Gold Corp is an exploration stage resource company engaged in the identification, acquisition, and exploration of precious and base metals projects in Canada. Its focus is the prospective ground in the Central Newfoundland Gold Belt, on Canada's Atlantic coast. The company's projects in Newfoundland include Gander North, Mt. Peyton, Cape Ray II, BLT, Carmanville Gander South, Hermitage, and Little River.

Gander Gold Headlines

No Headlines