MagForce AG (MagForce AG) Tax Rate % : -0.02% (As of Dec. 2021)

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What is MagForce AG Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MagForce AG's Tax Expense for the six months ended in Dec. 2021 was $0.00 Mil. MagForce AG's Pre-Tax Income for the six months ended in Dec. 2021 was $-6.24 Mil. Therefore, MagForce AG's Tax Rate % for the quarter that ended in Dec. 2021 was -0.02%.

MagForce AG Tax Rate % Historical Data

The historical data trend for MagForce AG'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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MagForce AG Tax Rate % Chart

MagForce AG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Tax Rate %

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-0.01

0.04

-0.02

0.02

-0.02

MagForce AG Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Tax Rate %	Get a 7-Day Free Trial															-0.02	-0.02	-	-0.02	-0.02

MagForce AG Tax Rate % Calculation

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

MagForce AG's Tax Rate % for the fiscal year that ended in Dec. 2021 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2021 )	/	Pre-Tax Income (A: Dec. 2021 )
	=	0.002	/	-11.946
	=	-0.02 %

MagForce AG's Tax Rate % for the quarter that ended in Dec. 2021 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2021 )	/	Pre-Tax Income (Q: Dec. 2021 )
	=	0.001	/	-6.237
	=	-0.02 %

MagForce AG Tax Rate % Related Terms

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MagForce AG (MagForce AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MagForce AG (OTCPK:MGFRF) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

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Address

Max-Planck-Stresse 3, Berlin, DEU, 12489

Website

https://magforce.de

MagForce AG is a medical engineering company. The company operates in the area of nanotechnology-based cancer treatment. Its medical devices include NanoTherm therapy used for local treatment of solid tumors, NanoTherm a liquid that reacts to the presence of a magnetic field, NanoPlan uses the bioheat transfer equation, and NanoActivator used for tumors in all areas of the body.

MagForce AG (MagForce AG) Headlines

From GuruFocus

MagForce AG Announces Successful Capital Increase Of The Subsidiary MagForce USA, Inc.

By ACCESSWIRE AccessWire • 04-12-2019