Oncolytics Biotech (Oncolytics Biotech) Tax Rate % : -1.10% (As of Dec. 2023)

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What is Oncolytics Biotech Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Oncolytics Biotech's Tax Expense for the three months ended in Dec. 2023 was $0.03 Mil. Oncolytics Biotech's Pre-Tax Income for the three months ended in Dec. 2023 was $-2.91 Mil. Therefore, Oncolytics Biotech's Tax Rate % for the quarter that ended in Dec. 2023 was -1.10%.

Oncolytics Biotech Tax Rate % Historical Data

The historical data trend for Oncolytics Biotech'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.

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Oncolytics Biotech Tax Rate % Chart

Oncolytics Biotech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-0.19

-0.34

-0.35

Oncolytics Biotech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															-0.67	-	-0.63	-0.07	-1.10

Oncolytics Biotech Tax Rate % Calculation

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

Oncolytics Biotech's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	0.072	/	-20.613
	=	-0.35 %

Oncolytics Biotech's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	0.032	/	-2.911
	=	-1.10 %

Oncolytics Biotech Tax Rate % Related Terms

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Oncolytics Biotech (Oncolytics Biotech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Oncolytics Biotech Inc (NAS:ONCY) » Definitions » Tax Rate %

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ONC:Canada

Address

322 11th Avenue S.W, Suite 804, Calgary, AB, CAN, T2R 0C5

Website

https://www.oncolyticsbiotech.com

Oncolytics Biotech Inc is a development-stage biopharmaceutical company. The company is focused on the discovery and development of pharmaceutical products for the treatment of cancers that have not been treated with therapeutics. Its clinical development plan has the approval of its products as quickly as possible and expands its products into commercially valuable new treatment areas as objectives. The primary focus is to advance programs in hormone receptor-positive / human epidermal growth factor 2- negative (HR+/HER2-) metastatic breast cancer and advanced/metastatic pancreatic ductal adenocarcinoma to phase 3 licensure-enabling studies.