First Helium (TSXV:HELI) Retained Earnings : C$-11.37 Mil (As of Dec. 2023)

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What is First Helium Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First Helium's retained earnings for the quarter that ended in Dec. 2023 was C$-11.37 Mil.

First Helium's quarterly retained earnings declined from Jun. 2023 (C$-9.94 Mil) to Sep. 2023 (C$-10.66 Mil) and declined from Sep. 2023 (C$-10.66 Mil) to Dec. 2023 (C$-11.37 Mil).

First Helium's annual retained earnings declined from Mar. 2021 (C$-1.65 Mil) to Mar. 2022 (C$-2.11 Mil) and declined from Mar. 2022 (C$-2.11 Mil) to Mar. 2023 (C$-9.05 Mil).

First Helium Retained Earnings Historical Data

The historical data trend for First 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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First Helium Retained Earnings Chart

First Helium Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Retained Earnings

-1.12

-1.65

-2.11

-9.05

First Helium Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial											-1.97	-9.05	-9.94	-10.66	-11.37

First 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.

First Helium (TSXV:HELI) 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 Helium (TSXV:HELI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » First Helium Inc (TSXV:HELI) » Definitions » Retained Earnings

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Traded in Other Exchanges

FHELF:USA 2MC:Germany

Address

800 West Pender Street, Suite 550, Vancouver, BC, CAN, V6C 2V6

Website

https://www.firsthelium.com

First Helium Inc is a Canadian company. The business is engaged in acquiring, exploring, evaluating, and developing helium property interests in Alberta. The company also produces Petroleum and natural gas as part of its operations. Its project includes the Worsley project and the Lethbridge project.

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