New Break Resources (XCNQ:NBRK) Retained Earnings : C$-3.32 Mil (As of Dec. 2023)

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

What is New Break Resources Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. New Break Resources's retained earnings for the quarter that ended in Dec. 2023 was C$-3.32 Mil.

New Break Resources's quarterly retained earnings declined from Jun. 2023 (C$-2.81 Mil) to Sep. 2023 (C$-3.21 Mil) and declined from Sep. 2023 (C$-3.21 Mil) to Dec. 2023 (C$-3.32 Mil).

New Break Resources's annual retained earnings declined from Dec. 2021 (C$-1.51 Mil) to Dec. 2022 (C$-2.47 Mil) and declined from Dec. 2022 (C$-2.47 Mil) to Dec. 2023 (C$-3.32 Mil).

New Break Resources Retained Earnings Historical Data

The historical data trend for New Break 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.

* Premium members only.

New Break Resources Retained Earnings Chart

New Break Resources Annual Data

Trend

Dec21

Dec22

Dec23

Retained Earnings

-1.51

-2.47

-3.32

New Break Resources Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial						-2.47	-2.70	-2.81	-3.21	-3.32

New Break 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.

New Break Resources (XCNQ:NBRK) 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.

New Break Resources (XCNQ:NBRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Break Resources Ltd (XCNQ:NBRK) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 King Street East, Suite 902, Toronto, CAN, M5C 1C4

Website

https://www.newbreakresources.ca

New Break Resources Ltd is a Canadian mineral exploration and development company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties in Canada. New Break is focused on gold exploration at its Moray Gold Project, located 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. and at its four projects in Kivalliq Region, Nunavut, including the Sundog Gold Project and Esker Gold Project.

Executives

William Donald Love

Senior Officer

New Break Resources (XCNQ:NBRK) Headlines

No Headlines