Portage Biotech (Portage Biotech) Tax Rate % : 19.43% (As of Dec. 2023)

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What is Portage Biotech Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Portage Biotech's Tax Expense for the three months ended in Dec. 2023 was $-9.50 Mil. Portage Biotech's Pre-Tax Income for the three months ended in Dec. 2023 was $-48.88 Mil. Therefore, Portage Biotech's Tax Rate % for the quarter that ended in Dec. 2023 was 19.43%.

Portage Biotech Tax Rate % Historical Data

The historical data trend for Portage Biotech'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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Portage Biotech Tax Rate % Chart

Portage Biotech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Tax Rate %

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-11.37

-15.42

-29.37

14.57

Portage Biotech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															-41.47	13.66	2.39	14.94	19.43

Portage Biotech Tax Rate % Calculation

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

Portage Biotech's Tax Rate % for the fiscal year that ended in Mar. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2023 )	/	Pre-Tax Income (A: Mar. 2023 )
	=	-17.856	/	-122.522
	=	14.57 %

Portage Biotech's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	-9.497	/	-48.875
	=	19.43 %

Portage Biotech Tax Rate % Related Terms

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Portage Biotech (Portage Biotech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Portage Biotech Inc (NAS:PRTG) » Definitions » Tax Rate %

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Traded in Other Exchanges

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Address

Clarence Thomas Building, P.O. Box 4649, Tortola, Road Town, VGB, VG1110

Website

https://www.portagebiotech.com

Portage Biotech Inc is engaged in researching and developing pharmaceutical and biotech products through to clinical proof of concept with an initial focus on unmet clinical needs. It is an immune-oncology company focused on overcoming immune resistance and currently managing 10 immuno-oncology assets at various development stages. Its pipeline products include IMM-60; IMM60 + Cell Therapy; (IMM60 / NY-ESO-1) + Keytruda and others.