Glass House Brands (GLAS) Long-Term Deferred Tax (2020 - 2023)
Glass House Brands (GLAS) posted quarterly Long-Term Deferred Tax of $1.6 million for Q2 2023, up 103.0% year-over-year from $772675.0 in Q2 2022, and up 9.24% quarter-over-quarter from $1.4 million in Q1 2023.
Glass House Brands (GLAS) Long-Term Deferred Tax (2020 - 2023) Analysis & Trends
Glass House Brands (GLAS) has reported Long-Term Deferred Tax for 4 consecutive years, with $1.6 million the latest figure, recorded in Q2 2023.
- In Q2 2023, Long-Term Deferred Tax rose 103.0% year-over-year to $1.6 million; the TTM figure through Jun 2023 stood at $1.6 million (up 103.0% YoY), while the FY2022 annual figure was $1.5 million, changed N/A from the prior year.
- Long-Term Deferred Tax improved to $1.6 million in Q2 2023 per GLAS's latest filing, from $1.4 million in the prior quarter.
- Across five years, Long-Term Deferred Tax topped out at $1.6 million in Q2 2023 and bottomed at $354251.0 in Q1 2021.
- Historically, Long-Term Deferred Tax has averaged $960488.6 across 4 years, with a median of $754499.5 in 2022.
- Annual changes were most pronounced in 2022 — Long-Term Deferred Tax jumped 99.16% — and 2023, when it surged 103.51%.
- Glass House Brands' Long-Term Deferred Tax stood at $598435.0 in 2020, then tumbled by 40.8% to $354251.0 in 2021, then surged by 326.91% to $1.5 million in 2022, then increased by 3.71% to $1.6 million in 2023.
- Business Quant data shows GLAS's Long-Term Deferred Tax at $1.6 million in Q2 2023, $1.4 million in Q1 2023, and $1.5 million in Q4 2022.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Haleon | 44.07 Bn | 43.10 Bn | - |
| 2 | Teva Pharmaceutical Industries | 43.41 Bn | 39.75 Bn | 2.15 Bn |
| 3 | Zoetis | 31.83 Bn | 30.15 Bn | 1.05 Bn |
| 4 | Takeda Pharmaceutical | 28.77 Bn | 22.97 Bn | 5.10 Bn |
| 5 | United Therapeutics | 22.27 Bn | 19.61 Bn | 683.80 Mn |
| 6 | Viatris | 18.76 Bn | 17.87 Bn | 1.46 Bn |
| 7 | Neurocrine Biosciences | 15.65 Bn | 15.26 Bn | 935.80 Mn |
| 8 | Elanco Animal Health | 11.93 Bn | 11.40 Bn | 798.00 Mn |
| 9 | Dr Reddys Laboratories | 10.16 Bn | 10.00 Bn | - |
| 10 | Glass House Brands | 829.33 Mn | 810.78 Mn | 15.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 1.57 Mn |
| Mar 31, 2023 | 1.44 Mn |
| Dec 31, 2022 | 1.51 Mn |
| Sep 30, 2022 | 736,324.00 |
| Jun 30, 2022 | 772,675.00 |
| Mar 31, 2022 | 705,542.00 |
| Mar 31, 2021 | 354,251.00 |
| Dec 31, 2020 | 598,435.00 |