Norsemont Mining (XCNQ:NOM) Retained Earnings : C$-24.88 Mil (As of Sep. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Norsemont Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Norsemont Mining's retained earnings for the quarter that ended in Sep. 2023 was C$-24.88 Mil.

Norsemont Mining's quarterly retained earnings declined from Mar. 2023 (C$-23.74 Mil) to Jun. 2023 (C$-24.20 Mil) and declined from Jun. 2023 (C$-24.20 Mil) to Sep. 2023 (C$-24.88 Mil).

Norsemont Mining's annual retained earnings declined from Dec. 2020 (C$-10.76 Mil) to Dec. 2021 (C$-17.86 Mil) and declined from Dec. 2021 (C$-17.86 Mil) to Dec. 2022 (C$-23.18 Mil).

Norsemont Mining Retained Earnings Historical Data

The historical data trend for Norsemont Mining'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.

Norsemont Mining Retained Earnings Chart

Norsemont Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

Get a 7-Day Free Trial

-4.90

-5.20

-10.76

-17.86

-23.18

Norsemont Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial															-22.45	-23.18	-23.74	-24.20	-24.88

Norsemont Mining 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.

Norsemont Mining (XCNQ:NOM) 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.

Norsemont Mining (XCNQ:NOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsemont Mining Inc (XCNQ:NOM) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

NRRSF:USA LXZ1:Germany

Address

700 West Pender Street, Suite 610, Vancouver, BC, CAN, V6C 1G8

Website

https://www.norsemont.com

Norsemont Mining Inc. comprises experienced natural resource professionals focused on growing shareholder value and fast-tracking its flagship project through to bankable feasibility. Norsemont owns a 100-per-cent interest in the Choquelimpie gold-silver project in northern Chile. The company's mining properties are located in Canada (Burge Lake Project) and Chile (Choquelimpie). Choquelimpie has over 1,700 drill holes, with substantial existing infrastructure. Other reportable segments consist of the Burge Lake Project.