IVBT (Innovation1 Biotech) Tax Rate %: 0.00% (As of Feb. 2024)

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IVBT Innovation1 Biotech Inc IVBT
12 GF Score
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What is Innovation1 Biotech Tax Rate %?

Innovation1 Biotech IVBT 12 Tax Rate % is 0.00% as of Feb. 2024. GuruFocus rates IVBT with a GF Score™ of 12/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Innovation1 Biotech's Tax Expense for the three months ended in Feb. 2024 was $0.00 Mil. Innovation1 Biotech's Pre-Tax Income for the three months ended in Feb. 2024 was $-0.29 Mil. Therefore, Innovation1 Biotech's Tax Rate % for the quarter that ended in Feb. 2024 was 0.00%.

Innovation1 Biotech Tax Rate % Related Terms

Innovation1 Biotech Tax Rate % Historical Data

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The historical data trend for Innovation1 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.

Innovation1 Biotech Tax Rate % Chart

Innovation1 Biotech Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

Innovation1 Biotech Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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
IVBT
12GF Score
Innovation1 Biotech Inc IVBT
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovation1 Biotech Tax Rate % Calculation

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

Innovation1 Biotech's Tax Rate % for the fiscal year that ended in Aug. 2023 is calculated as

Tax Rate %=Tax Expense (A: Aug. 2023 )/Pre-Tax Income (A: Aug. 2023 )
=0/-5.988
=0.00 %

Innovation1 Biotech's Tax Rate % for the quarter that ended in Feb. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Feb. 2024 )/Pre-Tax Income (Q: Feb. 2024 )
=0/-0.29
=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?
Innovation1 Biotech (IVBT) has a Tax Rate % of 0.00% as of Feb. 2024.
Is Innovation1 Biotech's Tax Rate % too high?
Innovation1 Biotech's current Tax Rate % is 0.00%. Overall, Innovation1 Biotech has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Innovation1 Biotech's Tax Rate % compare to NVIV and PXMD?
Innovation1 Biotech's Tax Rate % of 0.00% can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Tax Rate % depends on the Diversified Financial Services 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. Innovation1 Biotech'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 Innovation1 Biotech stock overvalued right now?
Innovation1 Biotech (IVBT) has a current Tax Rate % of 0.00%. The current Tax Rate % is 0.00%. Innovation1 Biotech's 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 Innovation1 Biotech (IVBT), the current Tax Rate % is 0.00% as of Feb. 2024. 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.

Innovation1 Biotech Business Description

Address 7 Grand View Avenue, Somerville, MA, USA, 02143
Innovation1 Biotech Inc is a shell company.
12GF Score

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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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