GGL Resources (TSXV:GGL) Retained Earnings : C$-38.67 Mil (As of Feb. 2024)

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What is GGL Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GGL Resources's retained earnings for the quarter that ended in Feb. 2024 was C$-38.67 Mil.

GGL Resources's quarterly retained earnings declined from Aug. 2023 (C$-38.49 Mil) to Nov. 2023 (C$-38.61 Mil) and declined from Nov. 2023 (C$-38.61 Mil) to Feb. 2024 (C$-38.67 Mil).

GGL Resources's annual retained earnings declined from Nov. 2021 (C$-36.35 Mil) to Nov. 2022 (C$-38.17 Mil) and declined from Nov. 2022 (C$-38.17 Mil) to Nov. 2023 (C$-38.61 Mil).

GGL Resources Retained Earnings Historical Data

The historical data trend for GGL Resources'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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GGL Resources Retained Earnings Chart

GGL Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Retained Earnings

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-35.72

-36.00

-36.35

-38.17

-38.61

GGL Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Retained Earnings	Get a 7-Day Free Trial															-38.31	-38.38	-38.49	-38.61	-38.67

GGL Resources 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.

GGL Resources (TSXV:GGL) 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.

GGL Resources (TSXV:GGL) Business Description

Industry

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GGLXF:USA

Address

1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6

Website

https://www.gglresourcescorp.com

GGL Resources Corp is a resource exploration company engaged in the exploration and development of mineral properties. Its mineral property interests consist of exploration-stage mineral properties located in the Northwest Territories, Nunavut, and British Columbia in Canada and in Nevada, USA. The company holds an interest in the properties of Bishop, Gold Point, CH, Rhombus, Stein, Providence Greenstone Belt, and McConnell Creek, among others.

Executives

David Kelsch

Director, Senior Officer

GGL Resources (TSXV:GGL) Headlines

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