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Rainy Mountain Royalty (TSXV:RMO) Tax Expense : C$0.00 Mil (TTM As of Jul. 2024)


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What is Rainy Mountain Royalty Tax Expense?

Rainy Mountain Royalty's tax expense for the months ended in Jul. 2024 was C$0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jul. 2024 was C$0.00 Mil.


Rainy Mountain Royalty Tax Expense Historical Data

The historical data trend for Rainy Mountain 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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Rainy Mountain Royalty Tax Expense Chart

Rainy Mountain Royalty Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Tax Expense
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Rainy Mountain Royalty Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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Rainy Mountain 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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$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.


Rainy Mountain Royalty  (TSXV:RMO) 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.


Rainy Mountain Royalty Tax Expense Related Terms

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Rainy Mountain Royalty Business Description

Traded in Other Exchanges
Address
595 Burrard Street, Suite 1723, Vancouver, BC, CAN, V7X 1J1
Rainy Mountain Royalty Corp is a mineral exploration project generator. The company is engaged in acquiring early-stage exploration opportunities and delivering them drill targets ready to joint venture partners. The company currently holds multiple property interests in Ontario and is focused on shear-hosted gold and base metals properties with associated gold and silver credits. Its property portfolio consists of Marshall Lake, Max, Norton, and other properties.
Executives
Robert Middleton Senior Officer
Douglas Lawrence Mason Director, Senior Officer

Rainy Mountain Royalty Headlines

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