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FTAC Zeus Acquisition (FTAC Zeus Acquisition) Retained Earnings : $-17.94 Mil (As of Jun. 2023)


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What is FTAC Zeus Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. FTAC Zeus Acquisition's retained earnings for the quarter that ended in Jun. 2023 was $-17.94 Mil.

FTAC Zeus Acquisition's quarterly retained earnings declined from Dec. 2022 ($-16.66 Mil) to Mar. 2023 ($-17.45 Mil) and declined from Mar. 2023 ($-17.45 Mil) to Jun. 2023 ($-17.94 Mil).

FTAC Zeus Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-13.74 Mil) but then declined from Dec. 2021 ($-13.74 Mil) to Dec. 2022 ($-16.66 Mil).


FTAC Zeus Acquisition Retained Earnings Historical Data

The historical data trend for FTAC Zeus Acquisition'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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FTAC Zeus Acquisition Retained Earnings Chart

FTAC Zeus Acquisition Annual Data
Trend Dec21 Dec22
Retained Earnings
-13.74 -16.66

FTAC Zeus Acquisition Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.28 -16.02 -16.66 -17.45 -17.94

FTAC Zeus Acquisition 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.


FTAC Zeus Acquisition  (NAS:ZING) 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.


FTAC Zeus Acquisition (FTAC Zeus Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
Website
FTAC Zeus Acquisition Corp is a blank check company.
Executives
Daniel G Cohen director, 10 percent owner 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Pooler Joseph W. Jr. officer: CFO and Secretary 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Ryan Mark Gilbert director, 10 percent owner, officer: President and CEO 2201 BROADWAY STE 705, OAKLAND CA 94612
Lynn Eisenhart director 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Zeus Sponsor Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Zeus Advisors Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Stephen E Lefkovits director 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Rochael S Adranly director 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Volker G Berl director 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104