LaFleur Minerals (XCNQ:LFLR) Retained Earnings : C$-5.43 Mil (As of Dec. 2024)

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What is LaFleur Minerals Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LaFleur Minerals's retained earnings for the quarter that ended in Dec. 2024 was C$-5.43 Mil.

LaFleur Minerals's quarterly retained earnings declined from Jun. 2024 (C$-3.74 Mil) to Sep. 2024 (C$-4.05 Mil) and declined from Sep. 2024 (C$-4.05 Mil) to Dec. 2024 (C$-5.43 Mil).

LaFleur Minerals's annual retained earnings declined from Jun. 2022 (C$-13.30 Mil) to Jun. 2023 (C$-13.72 Mil) but then increased from Jun. 2023 (C$-13.72 Mil) to Mar. 2024 (C$-3.60 Mil).

LaFleur Minerals Retained Earnings Historical Data

The historical data trend for LaFleur Minerals'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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LaFleur Minerals Retained Earnings Chart

LaFleur Minerals Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Mar24

Retained Earnings

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-7.71

-12.83

-13.30

-13.72

-3.60

LaFleur Minerals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Retained Earnings	Get a 7-Day Free Trial															-13.92	-3.60	-3.74	-4.05	-5.43

LaFleur Minerals 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.

LaFleur Minerals (XCNQ:LFLR) 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.

LaFleur Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » LaFleur Minerals Inc (XCNQ:LFLR) » Definitions » Retained Earnings

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Traded in Other Exchanges

LFLRF:USA 3WK0:Germany

Address

1500 - 1055 West Georgia Street, Vancouver, BC, CAN, V6E 4N7

Website

https://www.quebecpegmatite.com

LaFleur Minerals Inc is a North American junior mining exploration company that specializes in lithium and owns 100% of two lithium properties which properties are located in the James Bay and Mazerac regions, covering approximately 303 sqkm. The Vieux Comptoir property is located approximately 45km east of the Patriot Battery Metals Corvette Project and 45km west of Winsome Resources, Adina project and is under Option to Superior Mining International Corporation. The Mazerac property is located about 50km southwest of Val-d'Or and is located near Vision Lithium's Cadillac property and Winsome Resources' Decelles property.

Executives

Coloured Ties Capital Inc.	10% Security Holder
Kulwant Malhi	Director, Senior Officer
Paul John Teniere	Senior Officer

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