CBGI (Cannabusiness Group) Tax Expense: $0.01 Mil (TTM As of Dec. 2007)


What is Cannabusiness Group Tax Expense?

Cannabusiness Group CBGI -90.00% Tax Expense is $0.01 Mil as of Dec. 2007.

Cannabusiness Group's tax expense for the six months ended in Dec. 2007 was $0.01 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2007 was $0.01 Mil.

Cannabusiness Group  (OTCPK:CBGI) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

Cannabusiness Group Tax Expense Related Terms

Cannabusiness Group Tax Expense Historical Data

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The historical data trend for Cannabusiness Group's Tax Expense 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.

Cannabusiness Group Tax Expense Chart

Cannabusiness Group Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.01 0.01 0.01

Cannabusiness Group Semi-Annual Data
Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.01 0.01 0.01

Cannabusiness Group Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Tax Expense for the trailing twelve months (TTM) ended in Dec. 2007 was $0.01 Mil.

* 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 Expense →
What does a Tax Expense of $0.01 Mil mean?
Cannabusiness Group (CBGI) has a Tax Expense of $0.01 Mil as of Dec. 2007. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Cannabusiness Group and its competitors.
Is Cannabusiness Group's Tax Expense too high?
Cannabusiness Group's current Tax Expense is $0.01 Mil.
How does Cannabusiness Group's Tax Expense compare to BIEI and BKIT?
Cannabusiness Group's Tax Expense of $0.01 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Expense for a Real Estate company?
A good Tax Expense depends on the Real Estate industry context. However, Tax Expense 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 Expense mean?
A high Tax Expense can signal that a stock is expensive relative to its fundamentals. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Cannabusiness Group and its competitors. Cannabusiness Group's current Tax Expense is $0.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cannabusiness Group stock overvalued right now?
Cannabusiness Group (CBGI) has a current Tax Expense of $0.01 Mil. The current Tax Expense is $0.01 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Expense calculated?
Tax Expense is calculated from a company's financial statements. For Cannabusiness Group (CBGI), the current Tax Expense is $0.01 Mil as of Dec. 2007. 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.

Cannabusiness Group Business Description

Address 905 Cotting Lane, Suite 160, Vacaville, CA, USA, 95688
Cannabusiness Group Inc is engaged in real estate acquisition, leasing, and management firms whose primary focus is on zoning issues. The company acquires commercial property or land, and lease out the facilities for Agricultural, Industrial, Commercial, and Retail.