Propel Holdings (TSX:PRL) Tax Rate % : 27.75% (As of Mar. 2024)

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What is Propel Holdings Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Propel Holdings's Tax Expense for the three months ended in Mar. 2024 was C$6.8 Mil. Propel Holdings's Pre-Tax Income for the three months ended in Mar. 2024 was C$24.6 Mil. Therefore, Propel Holdings's Tax Rate % for the quarter that ended in Mar. 2024 was 27.75%.

Propel Holdings Tax Rate % Historical Data

The historical data trend for Propel Holdings'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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Propel Holdings Tax Rate % Chart

Propel Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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30.88

29.64

18.63

25.20

26.87

Propel Holdings Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial													24.94	29.00	27.00	26.96	27.75

Propel Holdings Tax Rate % Calculation

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

Propel Holdings's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	13.694	/	50.959
	=	26.87 %

Propel Holdings'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 )
	=	6.821	/	24.583
	=	27.75 %

Propel Holdings Tax Rate % Related Terms

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Propel Holdings (TSX:PRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Propel Holdings Inc (TSX:PRL) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

PRLPF:USA 8KO:Germany

Address

69 Yonge Street, Suite 1500, Toronto, ON, CAN, M5E 1K3

Website

https://www.propelholdings.com

Propel Holdings Inc is an innovative financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit through its proprietary, industry-leading online lending platform. Propel, through its operating brands, is dedicated to bringing appropriate credit solutions to consumers in Canada and the United States. All the firm's operations are conducted through its consumer-facing brands: MoneyKey, CreditFresh, and Fora.

Executives

Sheldon Saidakovsky	Senior Officer
Michael Stein	Director
Noah Buchman	Senior Officer
Cindy Usprech	Senior Officer

Propel Holdings (TSX:PRL) Headlines

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