Noble Helium (ASX:NHE) Retained Earnings : A$-8.99 Mil (As of Dec. 2023)

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What is Noble Helium Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Noble Helium's retained earnings for the quarter that ended in Dec. 2023 was A$-8.99 Mil.

Noble Helium's quarterly retained earnings declined from Dec. 2022 (A$-4.42 Mil) to Jun. 2023 (A$-5.89 Mil) and declined from Jun. 2023 (A$-5.89 Mil) to Dec. 2023 (A$-8.99 Mil).

Noble Helium's annual retained earnings increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$-3.45 Mil) but then declined from Jun. 2022 (A$-3.45 Mil) to Jun. 2023 (A$-5.89 Mil).

Noble Helium Retained Earnings Historical Data

The historical data trend for Noble Helium'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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Noble Helium Retained Earnings Chart

Noble Helium Annual Data

Trend

Jun22

Jun23

Retained Earnings

-3.45

-5.89

Noble Helium Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	-2.64	-3.45	-4.42	-5.89	-8.99

Noble Helium 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.

Noble Helium (ASX:NHE) 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.

Noble Helium (ASX:NHE) Business Description

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Address

216 St. Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.noblehelium.com.au

Noble Helium Ltd is an Independent Helium exploration company In Australia with operations and explorations in Tanzania, East Africa. It is engaged in developing large new supplies of high-grade primary helium to diversify the supply chain for the rare and technologically vital gas. The company has three projects namely; North Rukwa Project, North Nyasa Project and Eyasi and Manyara Projects.

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