HTGMQ (HTG Molecular Diagnostics) Tax Rate %: -0.04% (As of Mar. 2023)

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HTGMQ HTG Molecular Diagnostics Inc HTGMQ
12 GF Score
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What is HTG Molecular Diagnostics Tax Rate %?

HTG Molecular Diagnostics HTGMQ -99.00% 12 Tax Rate % is -0.04% as of Mar. 2023. GuruFocus rates HTGMQ with a GF Score™ of 12/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. HTG Molecular Diagnostics's Tax Expense for the three months ended in Mar. 2023 was $0.00 Mil. HTG Molecular Diagnostics's Pre-Tax Income for the three months ended in Mar. 2023 was $-5.05 Mil. Therefore, HTG Molecular Diagnostics's Tax Rate % for the quarter that ended in Mar. 2023 was -0.04%.

HTG Molecular Diagnostics Tax Rate % Related Terms

HTG Molecular Diagnostics Tax Rate % Historical Data

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The historical data trend for HTG Molecular Diagnostics'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.

HTG Molecular Diagnostics Tax Rate % Chart

HTG Molecular Diagnostics Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.02 -0.02 -0.07 -0.13 -0.05

HTG Molecular Diagnostics Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -0.08 -0.04 -0.09 -0.04
HTGMQ
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HTG Molecular Diagnostics Inc HTGMQ
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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HTG Molecular Diagnostics Tax Rate % Calculation

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

HTG Molecular Diagnostics's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=0.011/-21.584
=-0.05 %

HTG Molecular Diagnostics's Tax Rate % for the quarter that ended in Mar. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2023 )/Pre-Tax Income (Q: Mar. 2023 )
=0.002/-5.053
=-0.04 %

* 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 -0.04% mean?
HTG Molecular Diagnostics (HTGMQ) has a Tax Rate % of -0.04% as of Mar. 2023.
Is HTG Molecular Diagnostics' Tax Rate % too high?
HTG Molecular Diagnostics' current Tax Rate % is -0.04%. Overall, HTG Molecular Diagnostics has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does HTG Molecular Diagnostics' Tax Rate % compare to ABMC and TMO?
HTG Molecular Diagnostics' Tax Rate % of -0.04% can be compared against companies in the Medical Diagnostics & Research 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 Medical Diagnostics & Research company?
A good Tax Rate % depends on the Medical Diagnostics & Research 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. HTG Molecular Diagnostics's current Tax Rate % is -0.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HTG Molecular Diagnostics stock overvalued right now?
HTG Molecular Diagnostics (HTGMQ) has a current Tax Rate % of -0.04%. The current Tax Rate % is -0.04%. HTG Molecular Diagnostics' overall GF Score™ is 12/100. 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 HTG Molecular Diagnostics (HTGMQ), the current Tax Rate % is -0.04% as of Mar. 2023. 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.

HTG Molecular Diagnostics Business Description

Address 3430 E. Global Loop, Tucson, AZ, USA, 85706
HTG Molecular Diagnostics Inc is a life science company whose mission is to advance precision medicine through its transcriptome-wide profiling and medicinal chemistry technologies. The company derives revenue from sales of its HTG EdgeSeq system and integrated next-generation sequencing-based HTG EdgeSeq research use only assays and from sample processing services performed in its VERI/O laboratory. The company operates in one segment and its customers and distributors are located in the United States and Europe.
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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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