Snam SpA (LTS:0NQP) Tax Rate % : 22.86% (As of Sep. 2023)

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What is Snam SpA Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Snam SpA's Tax Expense for the three months ended in Sep. 2023 was €104 Mil. Snam SpA's Pre-Tax Income for the three months ended in Sep. 2023 was €455 Mil. Therefore, Snam SpA's Tax Rate % for the quarter that ended in Sep. 2023 was 22.86%.

Snam SpA Tax Rate % Historical Data

The historical data trend for Snam SpA'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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Snam SpA Tax Rate % Chart

Snam SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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25.60

25.15

7.12

36.00

25.36

Snam SpA 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															-44.29	24.32	20.55	22.86	49.40

Snam SpA Tax Rate % Calculation

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

Snam SpA'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 )
	=	378	/	1050
	=	36.00 %

Snam SpA'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 )
	=	104	/	455
	=	22.86 %

Snam SpA Tax Rate % Related Terms

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Snam SpA (LTS:0NQP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Snam SpA (LTS:0NQP) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

SNMRY:USA SRG:Italy SRGm:UK SNM:Germany SRG:Austria

Address

Piazza Santa Barbara, 7, San Donato Milanese, Milan, ITA, 20097

Website

https://www.snam.it

Snam operates a network of about 38,000 kilometers of natural gas pipelines in Italy and abroad. It also holds 17.1% of European gas storage capacity and 6.5 billion cubic meters of LNG regasification capacity. Snam is investing in hydrogen, biofuels, carbon capture and storage, and energy efficiencies to prepare for the energy transition. Snam became independent from Eni in 2012 after the latter sold its stake to Cassa Depositi e Prestiti, a financial institution controlled by the Ministry of Economy and Finance.

Snam SpA (LTS:0NQP) Headlines

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