Mercantil Servicios Financieros CA (Mercantil Servicios Financieros CA) Tax Rate % : 197.31% (As of Dec. 2023)

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What is Mercantil Servicios Financieros CA Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mercantil Servicios Financieros CA's Tax Expense for the three months ended in Dec. 2023 was $5.7 Mil. Mercantil Servicios Financieros CA's Pre-Tax Income for the three months ended in Dec. 2023 was $2.9 Mil. Therefore, Mercantil Servicios Financieros CA's Tax Rate % for the quarter that ended in Dec. 2023 was 197.31%.

Mercantil Servicios Financieros CA Tax Rate % Historical Data

The historical data trend for Mercantil Servicios Financieros CA'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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Mercantil Servicios Financieros CA Tax Rate % Chart

Mercantil Servicios Financieros CA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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20.39

11.66

106.56

7.67

22.76

Mercantil Servicios Financieros CA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															4.02	22.27	4.94	0.45	197.31

Mercantil Servicios Financieros CA Tax Rate % Calculation

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

Mercantil Servicios Financieros CA'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 )
	=	9.573	/	42.055
	=	22.76 %

Mercantil Servicios Financieros CA's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	5.724	/	2.901
	=	197.31 %

Mercantil Servicios Financieros CA Tax Rate % Related Terms

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Mercantil Servicios Financieros CA (Mercantil Servicios Financieros CA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantil Servicios Financieros CA (GREY:MSFJY) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

MVZ.B:Venezuela MVZ.A:Venezuela

Address

Avenida Andres Bello, No. 1 Edificio Banco, Mercantil, Caracas, VEN

Website

http://www.msf.com

Mercantil Servicios Financieros CA is a Venezuela-based financial services provider. It offers, through its subsidiaries, a full range of financial products and services in the banking, insurance and wealth management businesses in the Americas and Europe. It provides financial and general banking services to corporate, middle market and retail customers. Third party asset management and securities brokerage services are provided in Venezuela and other jurisdictions, as well as insurance services in Venezuela and Panama. The company generates the majority of its revenue from Venezuela.

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