Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Tax Rate %

: 16.38% (As of Sep. 2023)

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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cia Energetica DE Minas Gerais - Cemig's Tax Expense for the three months ended in Sep. 2023 was $49 Mil. Cia Energetica DE Minas Gerais - Cemig's Pre-Tax Income for the three months ended in Sep. 2023 was $300 Mil. Therefore, Cia Energetica DE Minas Gerais - Cemig's Tax Rate % for the quarter that ended in Sep. 2023 was 16.38%.

Cia Energetica DE Minas Gerais - Cemig Tax Rate % Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig'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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Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Tax Rate %

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30.33

34.99

24.63

20.13

0.63

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Tax Rate %	Get a 7-Day Free Trial															15.07	11.34	20.25	22.91	16.38

Cia Energetica DE Minas Gerais - Cemig Tax Rate % Calculation

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

Cia Energetica DE Minas Gerais - Cemig's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2022 )	/	Pre-Tax Income (A: Dec. 2022 )
	=	4.957	/	785.45
	=	0.63 %

Cia Energetica DE Minas Gerais - Cemig's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2023 )	/	Pre-Tax Income (Q: Sep. 2023 )
	=	49.069	/	299.602
	=	16.38 %

Cia Energetica DE Minas Gerais - Cemig Tax Rate % Related Terms

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Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.