CANQF (CanaQuest Medical) Tax Rate %: 0.00% (As of Mar. 2018)

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What is CanaQuest Medical Tax Rate %?

CanaQuest Medical CANQF Tax Rate % is 0.00% as of Mar. 2018.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. CanaQuest Medical's Tax Expense for the three months ended in Mar. 2018 was $0.00 Mil. CanaQuest Medical's Pre-Tax Income for the three months ended in Mar. 2018 was $-0.61 Mil. Therefore, CanaQuest Medical's Tax Rate % for the quarter that ended in Mar. 2018 was 0.00%.

CanaQuest Medical Tax Rate % Related Terms

CanaQuest Medical Tax Rate % Historical Data

* Premium members only.

The historical data trend for CanaQuest 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.

CanaQuest Medical Tax Rate % Chart

CanaQuest Medical Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18
Tax Rate %
0.00 0.00 0.34 0.00 0.00

CanaQuest Medical Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.12 0.00 0.00 0.00 0.00

CanaQuest Medical Tax Rate % Calculation

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

CanaQuest Medical's Tax Rate % for the fiscal year that ended in Mar. 2018 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2018 )/Pre-Tax Income (A: Mar. 2018 )
=0/-0.851
=0.00 %

CanaQuest Medical's Tax Rate % for the quarter that ended in Mar. 2018 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2018 )/Pre-Tax Income (Q: Mar. 2018 )
=0/-0.611
=0.00 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 0.00% mean?
CanaQuest Medical (CANQF) has a Tax Rate % of 0.00% as of Mar. 2018.
Is CanaQuest Medical's Tax Rate % too high?
CanaQuest Medical's current Tax Rate % is 0.00%.
How does CanaQuest Medical's Tax Rate % compare to NTRR and CBBT?
CanaQuest Medical's Tax Rate % of 0.00% can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Drug Manufacturers company?
A good Tax Rate % depends on the Drug Manufacturers industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. CanaQuest Medical's current Tax Rate % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CanaQuest Medical stock overvalued right now?
CanaQuest Medical (CANQF) has a current Tax Rate % of 0.00%. The current Tax Rate % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For CanaQuest Medical (CANQF), the current Tax Rate % is 0.00% as of Mar. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

CanaQuest Medical Business Description

Address 4120 Ridgeway Drive, Unit 37, Mississauga, ON, CAN, L5L 5S9
CanaQuest Medical Corp is a Canadian biotechnology company. It engages in the development of health products utilizing cannabis and algae oil. The company's principal operations are the development and sale of pharmaceutical drugs and medical cannabis medications as approved by the regulatory authorities.