Medicure (Medicure) Tax Rate % : 37.70% (As of Mar. 2024)

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What is Medicure Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Medicure's Tax Expense for the three months ended in Mar. 2024 was $0.02 Mil. Medicure's Pre-Tax Income for the three months ended in Mar. 2024 was $0.06 Mil. Therefore, Medicure's Tax Rate % for the quarter that ended in Mar. 2024 was 37.70%.

Medicure Tax Rate % Historical Data

The historical data trend for Medicure'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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Medicure Tax Rate % Chart

Medicure Annual Data

Trend

May14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-0.74

4.22

1.47

-2.84

Medicure Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															-4.38	2.30	-8.77	2.62	37.70

Medicure Tax Rate % Calculation

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

Medicure'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 )
	=	0.019	/	-0.669
	=	-2.84 %

Medicure's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	0.023	/	0.061
	=	37.70 %

Medicure Tax Rate % Related Terms

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Medicure (Medicure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medicure Inc (OTCPK:MCUJF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

NGQ1:Germany MPH:Canada

Address

2 - 1250 Waverley Street, Winnipeg, MB, CAN, R3T 6C6

Website

https://www.medicure.com

Medicure Inc is a biopharmaceutical company. It is involved in the research, clinical development, and commercialization of human therapeutics for the United States hospital market. Further, it also operates a specialty pharmacy in the United States of America. The company's present focus is the sale and marketing of its cardiovascular products, AGGRASTAT, ZYPITAMAG, and developing its e-commerce and mail order pharmaceutical business. The company operates in two segments namely, Marketing and distribution of commercial products and, Retail and mail order pharmacy. The majority of the company's revenue is generated from the marketing and distribution of the commercial products segment.