Cronos Group (TSX:CRON) Tax Rate % : 18.33% (As of Mar. 2024)

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What is Cronos Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cronos Group's Tax Expense for the three months ended in Mar. 2024 was C$-0.8 Mil. Cronos Group's Pre-Tax Income for the three months ended in Mar. 2024 was C$-4.1 Mil. Therefore, Cronos Group's Tax Rate % for the quarter that ended in Mar. 2024 was 18.33%.

Cronos Group Tax Rate % Historical Data

The historical data trend for Cronos Group'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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Cronos Group Tax Rate % Chart

Cronos Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-1.84

0.34

-28.24

4.38

Cronos Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															7.38	3.08	44.10	0.79	18.33

Cronos Group Tax Rate % Calculation

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

Cronos Group'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 )
	=	-4.333	/	-98.834
	=	4.38 %

Cronos Group'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 )
	=	-0.755	/	-4.118
	=	18.33 %

Cronos Group Tax Rate % Related Terms

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Cronos Group (TSX:CRON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cronos Group Inc (TSX:CRON) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CRON:USA 7CI:Germany

Address

111 Peter Street, Suite 300, Toronto, ON, CAN, M5V 2H1

Website

https://www.thecronosgroup.com

Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach. Although it primarily operates in Canada, Cronos exports medical cannabis primarily to Israel. In the U.S. the company has an option to acquire 10.5% of U.S. multistate operator PharmaCann upon easing of federal prohibition.

Executives

Michael Ernest Coates

Director