Lexaria Effective Tax Rate from 2010 to 2024

LEXXW Stock  USD 0.80  0.05  6.67%   
Lexaria Bioscience Effective Tax Rate yearly trend continues to be fairly stable with very little volatility. Effective Tax Rate will likely drop to -0.15 in 2024. During the period from 2010 to 2024, Lexaria Bioscience Effective Tax Rate regression line of quarterly data had mean square error of  0.02 and geometric mean of  0.05. View All Fundamentals
 
Effective Tax Rate  
First Reported
2010-12-31
Previous Quarter
(0.14)
Current Value
(0.15)
Quarterly Volatility
0.13469657
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Lexaria Bioscience financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Lexaria Bioscience's main balance sheet or income statement drivers, such as Depreciation And Amortization of 132.7 K, Interest Expense of 125.2 K or Other Operating Expenses of 3.2 M, as well as many indicators such as Price To Sales Ratio of 105, Dividend Yield of 0.0 or PTB Ratio of 54.87. Lexaria financial statements analysis is a perfect complement when working with Lexaria Bioscience Valuation or Volatility modules.
  
Check out the analysis of Lexaria Bioscience Correlation against competitors.

Latest Lexaria Bioscience's Effective Tax Rate Growth Pattern

Below is the plot of the Effective Tax Rate of Lexaria Bioscience Corp over the last few years. Effective Tax Rate is the average rate at which Lexaria Bioscience Corp pre-tax profits are taxed by the government. The effective tax rate is computed by dividing Lexaria Bioscience total tax expenses by Lexaria Bioscience earnings before taxes. It is Lexaria Bioscience's Effective Tax Rate historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Lexaria Bioscience's overall financial position and show how it may be relating to other accounts over time.
Effective Tax Rate10 Years Trend
Slightly volatile
   Effective Tax Rate   
       Timeline  

Lexaria Effective Tax Rate Regression Statistics

Arithmetic Mean0.03
Geometric Mean0.05
Coefficient Of Variation400.74
Mean Deviation0.09
Median0.03
Standard Deviation0.13
Sample Variance0.02
Range0.5558
R-Value(0.45)
Mean Square Error0.02
R-Squared0.20
Significance0.09
Slope(0.01)
Total Sum of Squares0.25

Lexaria Effective Tax Rate History

2024 -0.15
2023 -0.14
2022 -0.16
2021 0.0155
2020 0.4
2019 0.0133
2018 -0.009528

About Lexaria Bioscience Financial Statements

Lexaria Bioscience investors use historical fundamental indicators, such as Lexaria Bioscience's Effective Tax Rate, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Lexaria Bioscience. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Effective Tax Rate(0.14)(0.15)

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Additional Tools for Lexaria Stock Analysis

When running Lexaria Bioscience's price analysis, check to measure Lexaria Bioscience's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lexaria Bioscience is operating at the current time. Most of Lexaria Bioscience's value examination focuses on studying past and present price action to predict the probability of Lexaria Bioscience's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lexaria Bioscience's price. Additionally, you may evaluate how the addition of Lexaria Bioscience to your portfolios can decrease your overall portfolio volatility.