Hexcel (FRA:HXL) Tax Rate % : 21.34% (As of Mar. 2024)

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What is Hexcel Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Hexcel's Tax Expense for the three months ended in Mar. 2024 was €9 Mil. Hexcel's Pre-Tax Income for the three months ended in Mar. 2024 was €43 Mil. Therefore, Hexcel's Tax Rate % for the quarter that ended in Mar. 2024 was 21.34%.

Hexcel Tax Rate % Historical Data

The historical data trend for Hexcel'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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Hexcel Tax Rate % Chart

Hexcel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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20.23

220.22

26.82

21.09

11.03

Hexcel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															21.91	22.07	-1.96	32.91	21.34

Hexcel Tax Rate % Calculation

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

Hexcel'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 )
	=	11.096	/	100.595
	=	11.03 %

Hexcel's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	9.108	/	42.688
	=	21.34 %

Hexcel Tax Rate % Related Terms

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Hexcel (FRA:HXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hexcel Corp (FRA:HXL) » Definitions » Tax Rate %

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HXL:USA

Address

281 Tresser Boulevard, Two Stamford Plaza, 16th Floor, Stamford, CT, USA, 06901

Website

https://www.hexcel.com

Founded in 1948, Hexcel designs and manufactures a range of high-performance composite fibers, fabrics, resins, and structures for use in commercial aerospace, defense, and other industrial markets. These are engineered to be lighter than metal and perform under rigorous conditions in aircraft frames, wings, engines, and other components and subassemblies. The company's name derives from the six-sided honeycomb structures that lend many of its products their light weight and rigidity. Hexcel's biggest customers are Airbus (38% of 2022 sales) and Boeing (25% of prepandemic sales) and its respective subcontractors.