FLSS (Forbes Energy Services) Tax Rate %: 0.17% (As of Mar. 2020)


FLSS Forbes Energy Services Ltd FLSS
16 GF Score
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What is Forbes Energy Services Tax Rate %?

Forbes Energy Services FLSS -90.00% 16 Tax Rate % is 0.17% as of Mar. 2020. GuruFocus rates FLSS with a GF Score™ of 16/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Forbes Energy Services's Tax Expense for the three months ended in Mar. 2020 was $-0.1 Mil. Forbes Energy Services's Pre-Tax Income for the three months ended in Mar. 2020 was $-59.9 Mil. Therefore, Forbes Energy Services's Tax Rate % for the quarter that ended in Mar. 2020 was 0.17%.

Forbes Energy Services Tax Rate % Related Terms

Forbes Energy Services Tax Rate % Historical Data

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The historical data trend for Forbes Energy Services'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.

Forbes Energy Services Tax Rate % Chart

Forbes Energy Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.50 -0.16 0.00 1.22 0.21

Forbes Energy Services Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 0.55 -0.13 -0.07 0.78 0.17
FLSS
16GF Score
Forbes Energy Services Ltd FLSS
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Forbes Energy Services Tax Rate % Calculation

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

Forbes Energy Services's Tax Rate % for the fiscal year that ended in Dec. 2019 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2019 )/Pre-Tax Income (A: Dec. 2019 )
=-0.144/-68.543
=0.21 %

Forbes Energy Services's Tax Rate % for the quarter that ended in Mar. 2020 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2020 )/Pre-Tax Income (Q: Mar. 2020 )
=-0.102/-59.918
=0.17 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 0.17% mean?
Forbes Energy Services (FLSS) has a Tax Rate % of 0.17% as of Mar. 2020.
Is Forbes Energy Services' Tax Rate % too high?
Forbes Energy Services' current Tax Rate % is 0.17%. Overall, Forbes Energy Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Forbes Energy Services' Tax Rate % compare to CRRTQ and HOSSQ?
Forbes Energy Services' Tax Rate % of 0.17% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for an Oil & Gas company?
A good Tax Rate % depends on the Oil & Gas industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Forbes Energy Services's current Tax Rate % is 0.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forbes Energy Services stock overvalued right now?
Forbes Energy Services (FLSS) has a current Tax Rate % of 0.17%. The current Tax Rate % is 0.17%. Forbes Energy Services' overall GF Score™ is 16/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Forbes Energy Services (FLSS), the current Tax Rate % is 0.17% as of Mar. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Forbes Energy Services Business Description

Industry EnergyOil & Gas
Address 3000 South Business Highway 281, Alice, TX, USA, 78332
Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.
16GF Score

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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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