MGNT (Meganet) Tax Expense: $0.00 Mil (TTM As of Jun. 2017)


What is Meganet Tax Expense?

Meganet MGNT +1.76% Tax Expense is $0.00 Mil as of Jun. 2017.

Meganet's tax expense for the months ended in Jun. 2017 was $0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jun. 2017 was $0.00 Mil.

Meganet  (OTCPK:MGNT) 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.

Meganet Tax Expense Related Terms

Meganet Tax Expense Historical Data

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The historical data trend for Meganet'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.

Meganet Tax Expense Chart

Meganet Annual Data
Trend Mar15 Mar16 Mar17
Tax Expense
0.00 0.00 0.00

Meganet Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Tax Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Meganet 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.

Tax Expense for the trailing twelve months (TTM) ended in Jun. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 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 $0.00 Mil mean?
Meganet (MGNT) has a Tax Expense of $0.00 Mil as of Jun. 2017. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Meganet and its competitors.
Is Meganet's Tax Expense too high?
Meganet's current Tax Expense is $0.00 Mil.
How does Meganet's Tax Expense compare to HDVW and UUU?
Meganet's Tax Expense of $0.00 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Tax Expense depends on the Business Services 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 Meganet and its competitors. Meganet's current Tax Expense is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meganet stock overvalued right now?
Meganet (MGNT) has a current Tax Expense of $0.00 Mil. The current Tax Expense is $0.00 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 Meganet (MGNT), the current Tax Expense is $0.00 Mil as of Jun. 2017. 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.

Meganet Business Description

Address 2510 East Sunset Road, Unit 5-777, Las Vegas, NV, USA, 89120
Meganet Corp is focused on the development of data security solutions for enterprises, organizations, and corporations around the globe, including the United States Department of Defense, Military Intelligence, and the Federal Government. The company's data security solutions include an encryption algorithm. It out-sources the manufacture of its counter-IED products, including bomb jammers, dismounted backpack portable jammers, and facility jammers. The company also develops and sells cell phones, satellites, and wireless interceptors. Other data security solutions include encrypted cell phones, landlines, faxes, radios, and satellites.