Telefonaktiebolaget L M Ericsson (Telefonaktiebolaget L M Ericsson) Tax Rate % : 28.00% (As of Mar. 2024)

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What is Telefonaktiebolaget L M Ericsson Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Telefonaktiebolaget L M Ericsson's Tax Expense for the three months ended in Mar. 2024 was $98 Mil. Telefonaktiebolaget L M Ericsson's Pre-Tax Income for the three months ended in Mar. 2024 was $349 Mil. Therefore, Telefonaktiebolaget L M Ericsson's Tax Rate % for the quarter that ended in Mar. 2024 was 28.00%.

Telefonaktiebolaget L M Ericsson Tax Rate % Historical Data

The historical data trend for Telefonaktiebolaget L M Ericsson'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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Telefonaktiebolaget L M Ericsson Tax Rate % Chart

Telefonaktiebolaget L M Ericsson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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79.00

35.24

21.44

22.34

-11.94

Telefonaktiebolaget L M Ericsson Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															26.02	18.33	-2.92	30.57	28.00

Telefonaktiebolaget L M Ericsson Tax Rate % Calculation

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

Telefonaktiebolaget L M Ericsson'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 )
	=	271.506	/	-2273.339
	=	-11.94 %

Telefonaktiebolaget L M Ericsson's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	97.586	/	348.564
	=	28.00 %

Telefonaktiebolaget L M Ericsson Tax Rate % Related Terms

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Telefonaktiebolaget L M Ericsson (Telefonaktiebolaget L M Ericsson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telefonaktiebolaget L M Ericsson (NAS:ERIC) » Definitions » Tax Rate %

Comparable Companies

Address

Torshamnsgatan 21, Kista, Stockholm, SWE, SE-164 83

Website

https://www.ericsson.com

Ericsson provides telecom equipment and services that are primarily used to build and facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises. The firm's customers have historically been primarily wireless carriers, but the firm is making a push to cater more to other enterprises as well, both as they try to take advantage of 5G capabilities and on other "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers so their devices are compatible with wireless networks.