NorthX Nickel (XCNQ:NIX) Retained Earnings : C$-42.49 Mil (As of Sep. 2024)

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What is NorthX Nickel Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. NorthX Nickel's retained earnings for the quarter that ended in Sep. 2024 was C$-42.49 Mil.

NorthX Nickel's quarterly retained earnings declined from Mar. 2024 (C$-8.12 Mil) to Jun. 2024 (C$-8.58 Mil) and declined from Jun. 2024 (C$-8.58 Mil) to Sep. 2024 (C$-42.49 Mil).

NorthX Nickel's annual retained earnings increased from . 20 (C$0.00 Mil) to Sep. 2020 (C$-0.01 Mil) but then declined from Sep. 2020 (C$-0.01 Mil) to Sep. 2021 (C$-0.74 Mil).

NorthX Nickel Retained Earnings Historical Data

The historical data trend for NorthX Nickel'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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NorthX Nickel Retained Earnings Chart

NorthX Nickel Annual Data

Trend

Sep20

Sep21

Retained Earnings

-0.01

-0.74

NorthX Nickel Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial													-5.94	-5.76	-8.12	-8.58	-42.49

NorthX Nickel 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.

NorthX Nickel (XCNQ:NIX) 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.

NorthX Nickel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NorthX Nickel Corp (XCNQ:NIX) » Definitions » Retained Earnings

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Traded in Other Exchanges

NXNIF:USA 6YR:Germany

Address

200 Burrard Street, 1200 Waterfront Centre, Vancouver, BC, CAN, V7X 1T2

Website

https://www.archerexploration.com

NorthX Nickel Corp is focused on the exploration of mineral claims located in Québec and Ontario, Canada. The Company's primary mineral property is the Grasset Project in Quebec. The Company also holds a portfolio of 41 mineral properties in Ontario, of which 38 are situated in the Sudbury mining district.

Executives

Thomas Meyer	Director, Senior Officer
Christian Peter Kargl-simard	Director

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