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SolarBank (NEOE:SUNN) Tax Rate % : 17.98% (As of Mar. 2024)


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What is SolarBank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. SolarBank's Tax Expense for the three months ended in Mar. 2024 was C$0.77 Mil. SolarBank's Pre-Tax Income for the three months ended in Mar. 2024 was C$4.27 Mil. Therefore, SolarBank's Tax Rate % for the quarter that ended in Mar. 2024 was 17.98%.

SolarBank Tax Rate % Historical Data

The historical data trend for SolarBank'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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SolarBank Tax Rate % Chart

SolarBank Annual Data
Trend Jun22 Jun23
Tax Rate %
38.44 29.78

SolarBank Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 -374.00 -1.90 366.67 17.98

SolarBank Tax Rate % Calculation

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

SolarBank's Tax Rate % for the fiscal year that ended in Jun. 2023 is calculated as

Tax Rate %=Tax Expense (A: Jun. 2023 )/Pre-Tax Income (A: Jun. 2023 )
=0.951/3.193
=29.78 %

SolarBank's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=0.767/4.266
=17.98 %

* 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.

SolarBank Tax Rate % Related Terms

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SolarBank (NEOE:SUNN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » Tax Rate %
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Traded in Other Exchanges
SUUNF:USA GY2:Germany
Address
505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2
Website
https://www.solarbankcorp.com
SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.
Executives
Xiaohong Zheng Senior Officer

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