Ensysce Biosciences (ENSCW) Tax Rate (2018 - 2021)

Ensysce Biosciences (ENSCW) reported 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 (ENSCW) Tax Rate (2018 - 2021) Analysis & Trends

Ensysce Biosciences (ENSCW) has 4 years of Tax Rate data on file, last reported at 3.46% in Q1 2021.

  • Tax Rate for Q1 2021 came in at 3.46%, down 54.0% year-over-year; the trailing twelve-month figure through Mar 2021 was 3.39% (down 11771.0% YoY), and the FY2020 annual result was 5.37%, up 11413.0% from the prior year.
  • Tax Rate fell to 3.46% in Q1 2021 per ENSCW's latest filing, from 4.0% in the prior quarter.
  • Over five years, Tax Rate peaked at 35.17% in Q2 2019 and troughed at 3.81% in Q4 2019.
  • A 4-year average of 14.73% and a median of 19.2% in 2018 frame the typical range for Tax Rate.
  • On a YoY basis, Tax Rate climbed as much as 1135 bps in 2019 and fell as far as 2382 bps in 2019.
  • A 4-year view of Tax Rate shows it stood at 20.01% in 2018, then plunged by 119 bps to 3.81% in 2019, then surged by 205 bps to 4.0% in 2020, then decreased by 14 bps to 3.46% in 2021.
  • Business Quant data shows ENSCW's Tax Rate at 3.46% in Q1 2021, 4.0% in Q1 2020, and 3.81% in Q4 2019.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -57.14
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -6.79
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 5.61
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 17.68
9 Abivax 91.96 Bn 91.96 Bn - -
10 Ensysce Biosciences - - - -

Historic Data

Download Data
DateValue
Mar 31, 2021 3.46%
Mar 31, 2021 3.46%
Mar 31, 2020 4.00%
Mar 31, 2020 4.00%
Dec 31, 2019 -3.81%
Dec 31, 2019 -3.81%
Sep 30, 2019 2.84%
Sep 30, 2019 2.84%
Jun 30, 2019 35.17%
Jun 30, 2019 35.17%
Mar 31, 2019 21.65%
Mar 31, 2019 21.65%
Dec 31, 2018 20.01%
Dec 31, 2018 20.01%
Sep 30, 2018 18.39%
Sep 30, 2018 18.39%
Jun 30, 2018 23.82%
Jun 30, 2018 23.82%
Mar 31, 2018 21.79%
Mar 31, 2018 21.79%