GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Velan Inc (TSX:VLN) » Definitions » Deferred Tax

Velan (TSX:VLN) Deferred Tax : C$-1.5 Mil (TTM As of Feb. 2024)


View and export this data going back to 1996. Start your Free Trial

What is Velan Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Velan's change in deferred tax for the three months ended in Feb. 2024 was C$-0.9 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Feb. 2024 was C$-1.5 Mil.

Velan Deferred Tax Historical Data

The historical data trend for Velan's Deferred Tax 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.

* Premium members only.

Velan Deferred Tax Chart

Velan Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Deferred Tax
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.34 -8.00 45.30 -0.04 -1.47

Velan Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Deferred Tax 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.32 -0.04 0.02 -0.57 -0.88

Velan Deferred Tax Calculation

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Deferred Tax for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-1.5 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.

Velan Deferred Tax Related Terms

Thank you for viewing the detailed overview of Velan's Deferred Tax provided by GuruFocus.com. Please click on the following links to see related term pages.

Velan (TSX:VLN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Velan Inc (TSX:VLN) » Definitions » Deferred Tax
Comparable Companies
TSX:PYR TSX:DYA TSXV:ENW TSXV:REKO TSXV:NXH TSXV:TLA TSXV:CAG TSXV:CTEK TSXV:AAT XTER:SIE XPAR:SU ETN OSTO:ATCO A ITW PH EMR XKRX:373220 AME OTIS CMI
Traded in Other Exchanges
VLNSF:USA 946:Germany
Address
7007 Cote de Liesse, Montreal, QC, CAN, H4T 1G2
Website
https://www.velan.com
Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions: Canada, the United States, France, Italy, and Other countries.