Titan Medical (Titan Medical) Tax Rate % : 0.00% (As of Dec. 2023)

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What is Titan Medical Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Titan Medical's Tax Expense for the three months ended in Dec. 2023 was $0.00 Mil. Titan Medical's Pre-Tax Income for the three months ended in Dec. 2023 was $-3.22 Mil. Therefore, Titan Medical's Tax Rate % for the quarter that ended in Dec. 2023 was 0.00%.

Titan Medical Tax Rate % Historical Data

The historical data trend for Titan Medical'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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Titan Medical Tax Rate % Chart

Titan Medical Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-0.38

0.13

0.34

Titan Medical 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															-	-	-	-	-

Titan Medical Tax Rate % Calculation

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

Titan Medical'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 )
	=	0.024	/	6.977
	=	0.34 %

Titan Medical'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 )
	=	0	/	-3.219
	=	0.00 %

Titan Medical Tax Rate % Related Terms

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Titan Medical (Titan Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Titan Medical Inc (OTCPK:TMDIF) » Definitions » Tax Rate %

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QTN:Germany TMD:Canada

Address

76 Berkeley Street, Toronto, ON, CAN, M5A 2W7

Website

https://www.titanmedicalinc.com

Titan Medical Inc is in the research and development stage and is focused on the continued design and development of robotic-assisted surgical technologies for application in minimally invasive surgery including the development of the Enos robotic single-access surgical system.