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Next Hydrogen Solutions (TSXV:NXH) Retained Earnings : C$-73.19 Mil (As of Mar. 2024)


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What is Next Hydrogen Solutions Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Next Hydrogen Solutions's retained earnings for the quarter that ended in Mar. 2024 was C$-73.19 Mil.

Next Hydrogen Solutions's quarterly retained earnings declined from Sep. 2023 (C$-66.43 Mil) to Dec. 2023 (C$-69.77 Mil) and declined from Dec. 2023 (C$-69.77 Mil) to Mar. 2024 (C$-73.19 Mil).

Next Hydrogen Solutions's annual retained earnings declined from Jan. 2021 (C$2.35 Mil) to Dec. 2022 (C$-57.76 Mil) and declined from Dec. 2022 (C$-57.76 Mil) to Dec. 2023 (C$-69.77 Mil).


Next Hydrogen Solutions Retained Earnings Historical Data

The historical data trend for Next Hydrogen Solutions'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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Next Hydrogen Solutions Retained Earnings Chart

Next Hydrogen Solutions Annual Data
Trend Dec20 Jan21 Dec22 Dec23
Retained Earnings
-16.87 2.35 -57.76 -69.77

Next Hydrogen Solutions Quarterly Data
Jul19 Oct19 Apr20 Jul20 Oct20 Jan21 Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -61.15 -64.09 -66.43 -69.77 -73.19

Next Hydrogen Solutions 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.


Next Hydrogen Solutions  (TSXV:NXH) 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.


Next Hydrogen Solutions (TSXV:NXH) Business Description

Traded in Other Exchanges
Address
6610 Edwards Boulevard, Mississauga, ON, CAN, L5T 2V6
Next Hydrogen Solutions Inc is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Its cell design architecture enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. The company generates revenue from customer contracts from the principal sources of product and equipment sales and services as well as aftermarket sales.
Executives
Anthony Robert Guglielmin Director

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