TBLT (ToughBuilt Industries) Tax Rate %: 0.00% (As of Dec. 2023)

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TBLT ToughBuilt Industries Inc TBLT
12 GF Score
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What is ToughBuilt Industries Tax Rate %?

ToughBuilt Industries TBLT 12 Tax Rate % is 0.00% as of Dec. 2023. GuruFocus rates TBLT with a GF Score™ of 12/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. ToughBuilt Industries's Tax Expense for the three months ended in Dec. 2023 was $0.00 Mil. ToughBuilt Industries's Pre-Tax Income for the three months ended in Dec. 2023 was $-18.20 Mil. Therefore, ToughBuilt Industries's Tax Rate % for the quarter that ended in Dec. 2023 was 0.00%.

ToughBuilt Industries Tax Rate % Related Terms

ToughBuilt Industries Tax Rate % Historical Data

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The historical data trend for ToughBuilt Industries'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.

ToughBuilt Industries Tax Rate % Chart

ToughBuilt Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
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ToughBuilt Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
TBLT
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ToughBuilt Industries Inc TBLT
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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ToughBuilt Industries Tax Rate % Calculation

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

ToughBuilt Industries'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/-46.449
=0.00 %

ToughBuilt Industries's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=0/-18.2
=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?
ToughBuilt Industries (TBLT) has a Tax Rate % of 0.00% as of Dec. 2023.
Is ToughBuilt Industries' Tax Rate % too high?
ToughBuilt Industries' current Tax Rate % is 0.00%. Overall, ToughBuilt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does ToughBuilt Industries' Tax Rate % compare to CVR and SNA?
ToughBuilt Industries' Tax Rate % of 0.00% can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Tax Rate % depends on the Industrial Products 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. ToughBuilt Industries'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 ToughBuilt Industries stock overvalued right now?
ToughBuilt Industries (TBLT) has a current Tax Rate % of 0.00%. The current Tax Rate % is 0.00%. ToughBuilt Industries' 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 ToughBuilt Industries (TBLT), the current Tax Rate % is 0.00% as of Dec. 2023. 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.

ToughBuilt Industries Business Description

Address 8669 Research Drive, Irvine, CA, USA, 92618
ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its primary categories contain a total of approximately 22 product lines, consisting of Soft Goods, which include kneepads, tool bags, pouches, and tool belts; Metal Goods, which consist of sawhorses, tool stands, and workbench and; Utility Products, which include utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.
12GF Score

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

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