First Phosphate (XCNQ:PHOS) Retained Earnings : C$-27.99 Mil (As of Nov. 2024)

View and export this data going back to 2023. Start your Free Trial

What is First Phosphate Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First Phosphate's retained earnings for the quarter that ended in Nov. 2024 was C$-27.99 Mil.

First Phosphate's quarterly retained earnings declined from May. 2024 (C$-26.13 Mil) to Aug. 2024 (C$-26.30 Mil) and declined from Aug. 2024 (C$-26.30 Mil) to Nov. 2024 (C$-27.99 Mil).

First Phosphate's annual retained earnings declined from Feb. 2022 (C$-10.47 Mil) to Feb. 2023 (C$-13.66 Mil) and declined from Feb. 2023 (C$-13.66 Mil) to Feb. 2024 (C$-21.95 Mil).

First Phosphate Retained Earnings Historical Data

The historical data trend for First Phosphate'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.

First Phosphate Retained Earnings Chart

First Phosphate Annual Data

Trend

Feb09

Feb10

Feb11

Feb12

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Retained Earnings

Get a 7-Day Free Trial

-10.34

-10.40

-10.47

-13.66

-21.95

First Phosphate Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Retained Earnings	Get a 7-Day Free Trial															-18.18	-21.95	-26.13	-26.30	-27.99

First Phosphate 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.

First Phosphate (XCNQ:PHOS) 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.

First Phosphate Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Phosphate Corp (XCNQ:PHOS) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

FRSPF:USA KD0:Germany

Address

1055 West Georgia Street, Suite 1500, Royal Centre, P.O. Box 11117, Vancouver, BC, CAN, V6E 4N7

Website

https://www.firstphosphate.com

First Phosphate Corp owns and is developing igneous rock phosphate mineral properties in the Saguenay Region of Quebec for the production of phosphoric acid for the production of cathode active material (CAM) for use in lithium iron phosphate (LPF) batteries for the electric vehicle industry.

Executives

Peter Nicholson	Director
John Passalacqua	10% Security Holder, Director, Senior Officer
Laurence Wayne Zeifman	Director
Glen Eagle Resources Inc.	10% Security Holder