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Lithium Royalty (TSX:LIRC) Tax Expense : C$-1.67 Mil (TTM As of Sep. 2024)


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What is Lithium Royalty Tax Expense?

Lithium Royalty's tax expense for the months ended in Sep. 2024 was C$-0.97 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2024 was C$-1.67 Mil.


Lithium Royalty Tax Expense Historical Data

The historical data trend for Lithium Royalty'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.

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Lithium Royalty Tax Expense Chart

Lithium Royalty Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Tax Expense
0.07 0.25 0.82 1.73 3.87

Lithium Royalty Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Expense 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 3.25 -0.88 -0.22 0.39 -0.97

Lithium Royalty 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.67 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.


Lithium Royalty  (TSX:LIRC) 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.


Lithium Royalty Tax Expense Related Terms

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Lithium Royalty Business Description

Traded in Other Exchanges
Address
1133 Yonge Street, 5th Floor, Toronto, ON, CAN, M4T 2Y7
Lithium Royalty Corp is a lithium-focused royalty company organized in Canada. The firm with affiliates or joint venture partners has established a portfolio of royalties on mineral properties that supply and are expected to supply raw materials to support the electrification and decarbonization of the global economy. Geographically the company generates the majority of its revenue from Australia.
Executives
Mark Wellings Director, Senior Officer
Ernie Ortiz Ortega Director, Senior Officer
Blair Levinsky Director, Senior Officer
Kai Hou (billy) Choi Senior Officer
Elizabeth Breen Director
Lithium Royalty Corp. Issuer
Philip Panet Senior Officer
Robert Russell Weir Senior Officer
Dominique Barker Senior Officer

Lithium Royalty Headlines

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