SONG (Music Licensing) Tax Rate %: 0.00% (As of Jun. 2024)

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What is Music Licensing Tax Rate %?

Music Licensing SONG Tax Rate % is 0.00% as of Jun. 2024.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Music Licensing's Tax Expense for the three months ended in Jun. 2024 was $0.0 Mil. Music Licensing's Pre-Tax Income for the three months ended in Jun. 2024 was $-25.1 Mil. Therefore, Music Licensing's Tax Rate % for the quarter that ended in Jun. 2024 was 0.00%.

Music Licensing Tax Rate % Related Terms

Music Licensing Tax Rate % Historical Data

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The historical data trend for Music Licensing'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.

Music Licensing Tax Rate % Chart

Music Licensing Annual Data
Trend Dec21 Dec22 Dec23
Tax Rate %
0.00 0.00 0.00

Music Licensing Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Tax Rate % Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Music Licensing Tax Rate % Calculation

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

Music Licensing'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 )
=0/46.033
=0.00 %

Music Licensing's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2024 )/Pre-Tax Income (Q: Jun. 2024 )
=0/-25.134
=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?
Music Licensing (SONG) has a Tax Rate % of 0.00% as of Jun. 2024.
Is Music Licensing's Tax Rate % too high?
Music Licensing's current Tax Rate % is 0.00%.
How does Music Licensing's Tax Rate % compare to NFLX and DIS?
Music Licensing's Tax Rate % of 0.00% can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Tax Rate % depends on the Media - Diversified 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. Music Licensing'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 Music Licensing stock overvalued right now?
Music Licensing (SONG) 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 Music Licensing (SONG), the current Tax Rate % is 0.00% as of Jun. 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.

Music Licensing Business Description

Address 382 NE 191st Street, Miami, FL, USA, 33179
Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services, and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues. The group generates revenue from monthly or annual license fees. The company licenses music to some of the prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, & many others.