Orbit Garant Drilling (TSX:OGD) Tax Rate % : -193.28% (As of Mar. 2024)

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What is Orbit Garant Drilling Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Orbit Garant Drilling's Tax Expense for the three months ended in Mar. 2024 was C$-1.3 Mil. Orbit Garant Drilling's Pre-Tax Income for the three months ended in Mar. 2024 was C$0.7 Mil. Therefore, Orbit Garant Drilling's Tax Rate % for the quarter that ended in Mar. 2024 was -193.28%.

Orbit Garant Drilling Tax Rate % Historical Data

The historical data trend for Orbit Garant Drilling's Tax Rate % 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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Orbit Garant Drilling Tax Rate % Chart

Orbit Garant Drilling Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Tax Rate %

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9.07

-3.36

51.74

-94.98

255.94

Orbit Garant Drilling Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															79.06	33.85	34.54	36.67	-193.28

Orbit Garant Drilling Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Orbit Garant Drilling's Tax Rate % for the fiscal year that ended in Jun. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Jun. 2023 )	/	Pre-Tax Income (A: Jun. 2023 )
	=	1.098	/	0.429
	=	255.94 %

Orbit Garant Drilling's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	-1.295	/	0.67
	=	-193.28 %

Orbit Garant Drilling Tax Rate % Related Terms

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Orbit Garant Drilling (TSX:OGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orbit Garant Drilling Inc (TSX:OGD) » Definitions » Tax Rate %

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OBGRF:USA

Address

3200, Jean Jacques Cossette Boulevard, Val-d'Or, QC, CAN, J9P 6Y6

Website

http://www.orbitgarant.com

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States, Central and South America, and West Africa. The majority of the company's revenue is derived from operations in Canada.

Executives

Alain Laplante

Senior Officer

Orbit Garant Drilling (TSX:OGD) Headlines

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