MGLG (Magellan Energy) Tax Rate %: 0.00% (As of . 20)


What is Magellan Energy Tax Rate %?

Magellan Energy MGLG -90.00% Tax Rate % is 0.00% as of . 20.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Magellan Energy's Tax Expense for the three months ended in . 20 was $0.00 Mil. Magellan Energy's Pre-Tax Income for the three months ended in . 20 was $0.00 Mil. Therefore, Magellan Energy's Tax Rate % for the quarter that ended in . 20 was 0.00%.

Magellan Energy Tax Rate % Related Terms

Magellan Energy Tax Rate % Historical Data

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The historical data trend for Magellan Energy'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.

Magellan Energy Tax Rate % Chart

Magellan Energy Annual Data
Trend
Tax Rate %

Magellan Energy Quarterly Data
Tax Rate %

Magellan Energy Tax Rate % Calculation

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

Magellan Energy's Tax Rate % for the fiscal year that ended in . 20 is calculated as

Tax Rate %=Tax Expense (A: . 20 )/Pre-Tax Income (A: . 20 )
=/
= %

Magellan Energy's Tax Rate % for the quarter that ended in . 20 is calculated as

Tax Rate %=Tax Expense (Q: . 20 )/Pre-Tax Income (Q: . 20 )
=/
= %

* 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?
Magellan Energy (MGLG) has a Tax Rate % of 0.00% as of . 20.
Is Magellan Energy's Tax Rate % too high?
Magellan Energy's current Tax Rate % is 0.00%.
How does Magellan Energy's Tax Rate % compare to JKXOY and BRZV?
Magellan Energy's Tax Rate % of 0.00% can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Tax Rate % depends on the Oil & Gas 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. Magellan Energy'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 Magellan Energy stock overvalued right now?
Magellan Energy (MGLG) 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 Magellan Energy (MGLG), the current Tax Rate % is 0.00% as of . 20. 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.

Magellan Energy Business Description

Industry EnergyOil & Gas
Address 1370 Hurontario Street, Mississauga, ON, CAN, L5G 3H4
Magellan Energy Ltd is an oil and gas exploration company. The company is engaged in the extraction and production of small to medium-sized oil and gas properties.