LNG Energy Group (FRA:E26) Tax Rate %: -39.40% (As of Sep. 2024)

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What is LNG Energy Group Tax Rate %?

LNG Energy Group FRA:E26 Tax Rate % is -39.40% as of Sep. 2024.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. LNG Energy Group's Tax Expense for the three months ended in Sep. 2024 was €0.80 Mil. LNG Energy Group's Pre-Tax Income for the three months ended in Sep. 2024 was €-2.02 Mil. Therefore, LNG Energy Group's Tax Rate % for the quarter that ended in Sep. 2024 was -39.40%.

LNG Energy Group Tax Rate % Related Terms

LNG Energy Group Tax Rate % Historical Data

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The historical data trend for LNG Energy Group'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.

LNG Energy Group Tax Rate % Chart

LNG Energy Group Annual Data
Trend May22 May23
Tax Rate %
0.00 0.00

LNG Energy Group Quarterly Data
May22 Aug22 Dec22 Mar23 Jul23 Dec23 Mar24 Sep24
Tax Rate % Get a 7-Day Free Trial 0.00 0.00 0.00 -36.83 -39.40

LNG Energy Group Tax Rate % Calculation

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

LNG Energy Group's Tax Rate % for the fiscal year that ended in May. 2023 is calculated as

Tax Rate %=Tax Expense (A: May. 2023 )/Pre-Tax Income (A: May. 2023 )
=0/-0.62
=0.00 %

LNG Energy Group's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=0.797/-2.023
=-39.40 %

* 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 -39.40% mean?
LNG Energy Group (FRA:E26) has a Tax Rate % of -39.40% as of Sep. 2024.
Is LNG Energy Group's Tax Rate % too high?
LNG Energy Group's current Tax Rate % is -39.40%.
How does LNG Energy Group's Tax Rate % compare to ALTX and CRCE?
LNG Energy Group's Tax Rate % of -39.40% 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. LNG Energy Group's current Tax Rate % is -39.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LNG Energy Group stock overvalued right now?
LNG Energy Group (FRA:E26) has a current Tax Rate % of -39.40%. The current Tax Rate % is -39.40%. 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 LNG Energy Group (FRA:E26), the current Tax Rate % is -39.40% as of Sep. 2024. 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.

LNG Energy Group Business Description

Industry EnergyOil & Gas
Address 40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H 0B4
LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.