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Corning Natural Gas Holding (Corning Natural Gas Holding) Tax Rate % : 22.22% (As of Mar. 2022)


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What is Corning Natural Gas Holding Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Corning Natural Gas Holding's Tax Expense for the three months ended in Mar. 2022 was $0.71 Mil. Corning Natural Gas Holding's Pre-Tax Income for the three months ended in Mar. 2022 was $3.17 Mil. Therefore, Corning Natural Gas Holding's Tax Rate % for the quarter that ended in Mar. 2022 was 22.22%.

Corning Natural Gas Holding Tax Rate % Historical Data

The historical data trend for Corning Natural Gas Holding'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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Corning Natural Gas Holding Tax Rate % Chart

Corning Natural Gas Holding Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.99 43.97 29.75 23.07 23.33

Corning Natural Gas Holding Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.78 245.21 14.80 35.15 22.22

Corning Natural Gas Holding Tax Rate % Calculation

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

Corning Natural Gas Holding's Tax Rate % for the fiscal year that ended in Sep. 2021 is calculated as

Tax Rate %=Tax Expense (A: Sep. 2021 )/Pre-Tax Income (A: Sep. 2021 )
=0.464/1.989
=23.33 %

Corning Natural Gas Holding's Tax Rate % for the quarter that ended in Mar. 2022 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2022 )/Pre-Tax Income (Q: Mar. 2022 )
=0.705/3.173
=22.22 %

* 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.

Corning Natural Gas Holding Tax Rate % Related Terms

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Corning Natural Gas Holding (Corning Natural Gas Holding) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Corning Natural Gas Holding Corp (OTCPK:CNIGO.PFD) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
330 West William Street, Corning, NY, USA, 14830
Website
http://www.corninggas.com
Corning Natural Gas Holding Corp, through its subsidiaries, is engaged in natural gas and electric distribution. Its segments include Gas Company, Pike, Leatherstocking companies, and Holding company. The company serves residential, commercial, industrial, and municipal customers. The company generates the vast majority of its revenue from Gas distribution.