VFRM (Veritas Farms) Tax Rate %: 0.00% (As of Sep. 2023)

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VFRM Veritas Farms Inc VFRM
12 GF Score
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What is Veritas Farms Tax Rate %?

Veritas Farms VFRM 12 Tax Rate % is 0.00% as of Sep. 2023. GuruFocus rates VFRM with a GF Score™ of 12/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Veritas Farms's Tax Expense for the three months ended in Sep. 2023 was $0.00 Mil. Veritas Farms's Pre-Tax Income for the three months ended in Sep. 2023 was $-1.14 Mil. Therefore, Veritas Farms's Tax Rate % for the quarter that ended in Sep. 2023 was 0.00%.

Veritas Farms Tax Rate % Related Terms

Veritas Farms Tax Rate % Historical Data

* Premium members only.

The historical data trend for Veritas Farms'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.

Veritas Farms Tax Rate % Chart

Veritas Farms Annual Data
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Tax Rate %
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Veritas Farms Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 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 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
VFRM
12GF Score
Veritas Farms Inc VFRM
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Veritas Farms Tax Rate % Calculation

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

Veritas Farms'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/-5.144
=0.00 %

Veritas Farms'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/-1.135
=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?
Veritas Farms (VFRM) has a Tax Rate % of 0.00% as of Sep. 2023.
Is Veritas Farms' Tax Rate % too high?
Veritas Farms' current Tax Rate % is 0.00%. Overall, Veritas Farms has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Veritas Farms' Tax Rate % compare to STMH and NXEN?
Veritas Farms' Tax Rate % of 0.00% can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Tax Rate % depends on the Drug Manufacturers 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. Veritas Farms'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 Veritas Farms stock overvalued right now?
Veritas Farms (VFRM) has a current Tax Rate % of 0.00%. The current Tax Rate % is 0.00%. Veritas Farms' 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 Veritas Farms (VFRM), the current Tax Rate % is 0.00% 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.

Veritas Farms Business Description

Address 401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001
Veritas Farms Inc is engaged in producing natural rich-hemp products, using strict natural protocols and materials yielding broad spectrum phytocannabinoid rich hemp oils, distillates and isolates. Its products include Full Spectrum CBD Tincture, Full Spectrum CBD Salve, Full Spectrum CBD Capsules, Full Spectrum CBD Lotion and Others.
12GF Score

Get the complete analysis for VFRM

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

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