MMATQ (Meta Materials) Tax Rate %: 0.00% (As of Mar. 2024)

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MMATQ Meta Materials Inc MMATQ
12 GF Score
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What is Meta Materials Tax Rate %?

Meta Materials MMATQ -99.00% 12 Tax Rate % is 0.00% as of Mar. 2024. GuruFocus rates MMATQ with a GF Score™ of 12/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Meta Materials's Tax Expense for the three months ended in Mar. 2024 was $0.00 Mil. Meta Materials's Pre-Tax Income for the three months ended in Mar. 2024 was $-7.51 Mil. Therefore, Meta Materials's Tax Rate % for the quarter that ended in Mar. 2024 was 0.00%.

Meta Materials Tax Rate % Related Terms

Meta Materials Tax Rate % Historical Data

* Premium members only.

The historical data trend for Meta Materials'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.

Meta Materials Tax Rate % Chart

Meta Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
0.98 1.64 0.93 6.87 0.83

Meta Materials Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.57 0.21 5.83 2.39 0.00
MMATQ
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Meta Materials Inc MMATQ
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Meta Materials Tax Rate % Calculation

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

Meta Materials'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 )
=-3.344/-401.576
=0.83 %

Meta Materials'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/-7.508
=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?
Meta Materials (MMATQ) has a Tax Rate % of 0.00% as of Mar. 2024.
Is Meta Materials' Tax Rate % too high?
Meta Materials' current Tax Rate % is 0.00%. Overall, Meta Materials has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Meta Materials' Tax Rate % compare to APH and TEL?
Meta Materials' Tax Rate % of 0.00% can be compared against companies in the Hardware 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 Hardware company?
A good Tax Rate % depends on the Hardware 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. Meta Materials'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 Meta Materials stock overvalued right now?
Meta Materials (MMATQ) has a current Tax Rate % of 0.00%. The current Tax Rate % is 0.00%. Meta Materials' 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 Meta Materials (MMATQ), the current Tax Rate % is 0.00% as of Mar. 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.

Meta Materials Business Description

Address 60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9
Meta Materials Inc delivers previously unachievable performance across a range of applications by inventing, designing, developing, and manufacturing sustainable, functional materials. Its extensive technology platform enables brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
12GF Score

Get the complete analysis for MMATQ

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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