UTRS (Minerva Surgical) Tax Rate %: -0.04% (As of Sep. 2023)

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What is Minerva Surgical Tax Rate %?

Minerva Surgical UTRS -99.00% Tax Rate % is -0.04% as of Sep. 2023.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Minerva Surgical's Tax Expense for the three months ended in Sep. 2023 was $0.00 Mil. Minerva Surgical's Pre-Tax Income for the three months ended in Sep. 2023 was $-7.18 Mil. Therefore, Minerva Surgical's Tax Rate % for the quarter that ended in Sep. 2023 was -0.04%.

Minerva Surgical Tax Rate % Related Terms

Minerva Surgical Tax Rate % Historical Data

* Premium members only.

The historical data trend for Minerva Surgical'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.

Minerva Surgical Tax Rate % Chart

Minerva Surgical Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Tax Rate %
0.00 0.72 -0.04 -0.03

Minerva Surgical Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.00 -0.18 0.00 -0.45 -0.04

Minerva Surgical Tax Rate % Calculation

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

Minerva Surgical's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=0.011/-34.101
=-0.03 %

Minerva Surgical's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2023 )/Pre-Tax Income (Q: Sep. 2023 )
=0.003/-7.178
=-0.04 %

* 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 -0.04% mean?
Minerva Surgical (UTRS) has a Tax Rate % of -0.04% as of Sep. 2023.
Is Minerva Surgical's Tax Rate % too high?
Minerva Surgical's current Tax Rate % is -0.04%.
How does Minerva Surgical's Tax Rate % compare to PAVM and ELUT?
Minerva Surgical's Tax Rate % of -0.04% can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Tax Rate % depends on the Medical Devices & Instruments 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. Minerva Surgical's current Tax Rate % is -0.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minerva Surgical stock overvalued right now?
Minerva Surgical (UTRS) has a current Tax Rate % of -0.04%. The current Tax Rate % is -0.04%. 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 Minerva Surgical (UTRS), the current Tax Rate % is -0.04% as of Sep. 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.

Minerva Surgical Business Description

Address 4255 Burton Drive, Santa Clara, CA, USA, 95054
Minerva Surgical Inc is a medical device company that develops therapeutic devices that treat abnormal uterine bleeding in a minimally invasive manner. The Company operates and manages its business as one reportable and operating segment, which is the business of research, development, and sale of therapeutic devices for abnormal uterine bleeding treatment.