Ring Energy (FRA:KWE1) Tax Rate % : 24.18% (As of Dec. 2024)

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What is Ring Energy Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Ring Energy's Tax Expense for the three months ended in Dec. 2024 was €1.7 Mil. Ring Energy's Pre-Tax Income for the three months ended in Dec. 2024 was €7.1 Mil. Therefore, Ring Energy's Tax Rate % for the quarter that ended in Dec. 2024 was 24.18%.

Ring Energy Tax Rate % Historical Data

The historical data trend for Ring Energy'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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Ring Energy Tax Rate % Chart

Ring Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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2.31

2.65

5.72

0.12

23.25

Ring Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															13.38	23.87	23.33	22.94	24.18

Ring Energy Tax Rate % Calculation

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

Ring Energy's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	19.521	/	83.955
	=	23.25 %

Ring Energy's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	1.723	/	7.125
	=	24.18 %

Ring Energy Tax Rate % Related Terms

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Ring Energy Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ring Energy Inc (FRA:KWE1) » Definitions » Tax Rate %

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REI:USA

Address

1725 Hughes Landing Boulevard, Suite 900, The Woodlands, TX, USA, 77380

Website

https://www.ringenergy.com

Ring Energy Inc is an independent exploration and production company based in The Woodlands, Texas and is engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. The drilling operations of the company target the oil and liquid rich producing formations in the Northwest Shelf, the Central Basin Platform and the Delaware Basin all of which are part of the Permian Basin in Texas.

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