Ensysce Biosciences (ENSC) Tax Rate (2018 - 2021)
Ensysce Biosciences (ENSC) posted quarterly Tax Rate of 3.46% for Q1 2021, down 54.0% year-over-year from 7.51% in Q1 2020, and down 13.51% quarter-over-quarter from 4.0% in Q1 2020.
Ensysce Biosciences (ENSC) Tax Rate (2018 - 2021) Analysis & Trends
Ensysce Biosciences (ENSC) has reported Tax Rate for 4 consecutive years, with 3.46% the latest figure, recorded in Q1 2021.
- In Q1 2021, Tax Rate fell 54.0% year-over-year to 3.46%; the TTM figure through Mar 2021 stood at 3.34% (down 11718.0% YoY), while the FY2020 annual figure was 5.37%, up 11378.0% from the prior year.
- Tax Rate eased to 3.46% in Q1 2021 per ENSC's latest filing, from 4.0% in the prior quarter.
- Across five years, Tax Rate topped out at 35.17% in Q2 2019 and bottomed at 3.74% in Q4 2019.
- Historically, Tax Rate has averaged 14.72% across 4 years, with a median of 19.1% in 2018.
- On a YoY basis, Tax Rate climbed as much as 1135 bps in 2019 and fell as far as 2356 bps in 2019.
- Ensysce Biosciences' Tax Rate stood at 19.81% in 2018, then plunged by 119 bps to 3.74% in 2019, then soared by 207 bps to 4.0% in 2020, then slipped by 14 bps to 3.46% in 2021.
- Business Quant data shows ENSC's Tax Rate at 3.46% in Q1 2021, 4.0% in Q1 2020, and 3.74% in Q4 2019.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.13 Bn | 131.28 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 85.77 Bn | 77.77 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 64.64 Bn | 59.46 Bn | 1.37 Bn | 10.91% |
| 4 | Moderna | 58.29 Bn | 53.16 Bn | 52.00 Mn | -1.96% |
| 5 | BeOne Medicines | 41.92 Bn | 36.82 Bn | 1.53 Bn | 24.15% |
| 6 | Alnylam Pharmaceuticals | 31.58 Bn | 28.28 Bn | 992.69 Mn | 7.49% |
| 7 | BioNTech SE | 28.12 Bn | 9.73 Bn | 668.28 Mn | 34.12% |
| 8 | Insmed | 27.39 Bn | 26.22 Bn | 358.27 Mn | -16.71% |
| 9 | Royalty Pharma | 27.27 Bn | 26.43 Bn | - | - |
| 10 | Ensysce Biosciences | 942,649.19 | -3.37 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2021 | 3.46% |
| Mar 31, 2021 | 3.46% |
| Mar 31, 2021 | 3.46% |
| Mar 31, 2020 | 4.00% |
| Mar 31, 2020 | 4.00% |
| Mar 31, 2020 | 4.00% |
| Dec 31, 2019 | -3.74% |
| Dec 31, 2019 | -3.74% |
| Dec 31, 2019 | -3.74% |
| Sep 30, 2019 | 2.84% |
| Sep 30, 2019 | 2.84% |
| Sep 30, 2019 | 2.84% |
| Jun 30, 2019 | 35.17% |
| Jun 30, 2019 | 35.17% |
| Jun 30, 2019 | 35.17% |
| Mar 31, 2019 | 21.65% |
| Mar 31, 2019 | 21.65% |
| Mar 31, 2019 | 21.65% |
| Dec 31, 2018 | 19.81% |
| Dec 31, 2018 | 19.81% |