Subsea 7 (Subsea 7) Tax Rate % : 237.80% (As of Dec. 2023)

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What is Subsea 7 Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Subsea 7's Tax Expense for the three months ended in Dec. 2023 was $20 Mil. Subsea 7's Pre-Tax Income for the three months ended in Dec. 2023 was $8 Mil. Therefore, Subsea 7's Tax Rate % for the quarter that ended in Dec. 2023 was 237.80%.

Subsea 7 Tax Rate % Historical Data

The historical data trend for Subsea 7'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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Subsea 7 Tax Rate % Chart

Subsea 7 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-55.77

-3.11

63.85

73.29

87.50

Subsea 7 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															65.99	-11.88	72.37	21.94	237.80

Subsea 7 Tax Rate % Calculation

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

Subsea 7'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 )
	=	70	/	80
	=	87.50 %

Subsea 7'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 )
	=	19.5	/	8.2
	=	237.80 %

Subsea 7 Tax Rate % Related Terms

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Subsea 7 (Subsea 7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Subsea 7 SA (OTCPK:ACGYF) » Definitions » Tax Rate %

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Address

40 Brighton Road, Surrey, Sutton, GBR, SM2 5BN

Website

https://www.subsea7.com

Subsea 7 is one of the largest engineering and construction, or E&C, service providers in the offshore oil and gas industry. It provides a range of services, including subsea umbilicals, risers, and flowlines (SURF), fabrication, installation, maintenance, and heavy lifting, among many others. It's recently begun to develop expertise in renewables, particularly offshore wind farms, which require equipment and expertise similar to offshore oil and gas developments.

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