GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Atlantic Coastal Acquisition Corp II (NAS:ACAB) » Definitions » Retained Earnings

Atlantic Coastal Acquisition II (Atlantic Coastal Acquisition II) Retained Earnings : $-15.82 Mil (As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Atlantic Coastal Acquisition II Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Atlantic Coastal Acquisition II's retained earnings for the quarter that ended in Dec. 2023 was $-15.82 Mil.

Atlantic Coastal Acquisition II's quarterly retained earnings declined from Jun. 2023 ($-14.81 Mil) to Sep. 2023 ($-15.06 Mil) and declined from Sep. 2023 ($-15.06 Mil) to Dec. 2023 ($-15.82 Mil).

Atlantic Coastal Acquisition II's annual retained earnings declined from Dec. 2021 ($-0.00 Mil) to Dec. 2022 ($-11.18 Mil) and declined from Dec. 2022 ($-11.18 Mil) to Dec. 2023 ($-15.82 Mil).

Atlantic Coastal Acquisition II Retained Earnings Historical Data

The historical data trend for Atlantic Coastal Acquisition II'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.

Atlantic Coastal Acquisition II Retained Earnings Chart

Atlantic Coastal Acquisition II Annual Data
Trend Dec21 Dec22 Dec23
Retained Earnings
- -11.18 -15.82

Atlantic Coastal Acquisition II Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.18 -11.66 -14.81 -15.06 -15.82

Atlantic Coastal Acquisition II 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.

Atlantic Coastal Acquisition II  (NAS:ACAB) 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.

Atlantic Coastal Acquisition II (Atlantic Coastal Acquisition II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Atlantic Coastal Acquisition Corp II (NAS:ACAB) » Definitions » Retained Earnings
Comparable Companies
BYTS ATAK PGSS IXAQ CPTK COOL DECA BYN TCOA APXI PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
6 St Johns Lane, Floor 5, New York, NY, USA, 10013
Website
https://www.atlanticcoastalacquisition.com
Atlantic Coastal Acquisition Corp II is a blank check company.
Executives
Curtis Collar director 6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Dominick Schiano director 30275 OAKLEAF LANE, FRANKLIN MI 48025
Burt Jordan director, officer: President 4387 CHERRY HILL DRIVE, ORCHARD LAKE MI 48323
Jason Chryssicas director, officer: Chief Financial Officer 9 UPLAND LANE, ARMONK NY 10504
Shahraab Ahmad director, officer: Chaiman and CEO 49 CATHCART ROAD, LONDON X0 SW10 9JE
Joanna Lord director 215 6TH STREET SOUTH, KIRKLAND WA 98033
Anthony D. Eisenberg director, officer: Chief Strategy Officer 700 LONE PINE, BLOOMFIELD HILLS MI 48304
Bryan Dove director 6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Iqbaljit Kahlon director 2144 GREEN STREET #12, SAN FRANCISCO CA 94123
Atlantic Coastal Acquisition Management Ii Llc 10 percent owner 6 ST JOHNS LANE, FLOOR 5, NEW YORK NY 10013
Darren Stanwood director P.O. BOX 861, GLOUCESTER MA 01931