CBGL (Cannabis Global) Tax Rate %: 0.00% (As of May. 2022)


What is Cannabis Global Tax Rate %?

Cannabis Global CBGL Tax Rate % is 0.00% as of May. 2022.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cannabis Global's Tax Expense for the three months ended in May. 2022 was $0.00 Mil. Cannabis Global's Pre-Tax Income for the three months ended in May. 2022 was $-0.51 Mil. Therefore, Cannabis Global's Tax Rate % for the quarter that ended in May. 2022 was 0.00%.

Cannabis Global Tax Rate % Related Terms

Cannabis Global Tax Rate % Historical Data

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The historical data trend for Cannabis Global'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.

Cannabis Global Tax Rate % Chart

Cannabis Global Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Cannabis Global Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Cannabis Global Tax Rate % Calculation

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

Cannabis Global's Tax Rate % for the fiscal year that ended in Aug. 2021 is calculated as

Tax Rate %=Tax Expense (A: Aug. 2021 )/Pre-Tax Income (A: Aug. 2021 )
=0/-8.116
=0.00 %

Cannabis Global's Tax Rate % for the quarter that ended in May. 2022 is calculated as

Tax Rate %=Tax Expense (Q: May. 2022 )/Pre-Tax Income (Q: May. 2022 )
=0/-0.506
=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?
Cannabis Global (CBGL) has a Tax Rate % of 0.00% as of May. 2022.
Is Cannabis Global's Tax Rate % too high?
Cannabis Global's current Tax Rate % is 0.00%.
How does Cannabis Global's Tax Rate % compare to MILC and BBBT?
Cannabis Global'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. Cannabis Global'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 Cannabis Global stock overvalued right now?
Cannabis Global (CBGL) 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 Cannabis Global (CBGL), the current Tax Rate % is 0.00% as of May. 2022. 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.

Cannabis Global Business Description

Address 520 S Grand Avenue, Suite 320, Los Angeles, CA, USA, 90071
Cannabis Global Inc manufactures and distributes various cannabis products via its majority ownership of Natural Plant Extract, Inc is developing the Ethos Comply Bag, and generally conducts research and development in the areas of hemp, cannabis and consumer food goods. The company also have an active research and development program focused on creating and commercializing engineered technologies that deliver hemp extracts and cannabinoids to the human body. Its product includes cannabis flower packaged in various weights, cannabis Pre-rolls, cannabis edible products.