Enbridge (TSX:ENB.PR.V.PFD) Tax Rate %

: 29.75% (As of Dec. 2023)

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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Enbridge's Tax Expense for the three months ended in Dec. 2023 was $494.93 Mil. Enbridge's Pre-Tax Income for the three months ended in Dec. 2023 was $1,663.69 Mil. Therefore, Enbridge's Tax Rate % for the quarter that ended in Dec. 2023 was 29.75%.

Enbridge Tax Rate % Historical Data

The historical data trend for Enbridge'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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Enbridge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

22.67

18.47

18.31

35.31

23.11

Enbridge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %																-102.00	21.46	20.60	17.04	29.75

Enbridge Tax Rate % Calculation

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

Enbridge'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 )
	=	1357.335	/	5872.838
	=	23.11 %

Enbridge'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 )
	=	494.931	/	1663.685
	=	29.75 %

Enbridge Tax Rate % Related Terms

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Enbridge (TSX:ENB.PR.V.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enbridge Inc (TSX:ENB.PR.V.PFD) » Definitions » Tax Rate %

Comparable Companies

Address

425 - 1st Street S.W., Suite 200, Calgary, AB, CAN, T2P 3L8

Website

https://www.enbridge.com

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

Enbridge (TSX:ENB.PR.V.PFD) Headlines

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