IRIG (Integrated Drilling Equipment Holdings) Tax Rate %: -1.84% (As of Dec. 2014)

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What is Integrated Drilling Equipment Holdings Tax Rate %?

Integrated Drilling Equipment Holdings IRIG Tax Rate % is -1.84% as of Dec. 2014.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Integrated Drilling Equipment Holdings's Tax Expense for the three months ended in Dec. 2014 was $-0.04 Mil. Integrated Drilling Equipment Holdings's Pre-Tax Income for the three months ended in Dec. 2014 was $2.34 Mil. Therefore, Integrated Drilling Equipment Holdings's Tax Rate % for the quarter that ended in Dec. 2014 was -1.84%.

Integrated Drilling Equipment Holdings Tax Rate % Related Terms

Integrated Drilling Equipment Holdings Tax Rate % Historical Data

* Premium members only.

The historical data trend for Integrated Drilling Equipment Holdings'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.

Integrated Drilling Equipment Holdings Tax Rate % Chart

Integrated Drilling Equipment Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Tax Rate %
44.77 -155.65 -106.08 -8.11

Integrated Drilling Equipment Holdings Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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 23.92 24.01 -0.81 -2.39 -1.84

Integrated Drilling Equipment Holdings Tax Rate % Calculation

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

Integrated Drilling Equipment Holdings's Tax Rate % for the fiscal year that ended in Dec. 2014 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2014 )/Pre-Tax Income (A: Dec. 2014 )
=0.065/-0.801
=-8.11 %

Integrated Drilling Equipment Holdings's Tax Rate % for the quarter that ended in Dec. 2014 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2014 )/Pre-Tax Income (Q: Dec. 2014 )
=-0.043/2.34
=-1.84 %

* 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 -1.84% mean?
Integrated Drilling Equipment Holdings (IRIG) has a Tax Rate % of -1.84% as of Dec. 2014.
Is Integrated Drilling Equipment Holdings' Tax Rate % too high?
Integrated Drilling Equipment Holdings' current Tax Rate % is -1.84%.
How does Integrated Drilling Equipment Holdings' Tax Rate % compare to ESES and TIRTZ?
Integrated Drilling Equipment Holdings' Tax Rate % of -1.84% 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. Integrated Drilling Equipment Holdings's current Tax Rate % is -1.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integrated Drilling Equipment Holdings stock overvalued right now?
Integrated Drilling Equipment Holdings (IRIG) has a current Tax Rate % of -1.84%. The current Tax Rate % is -1.84%. 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 Integrated Drilling Equipment Holdings (IRIG), the current Tax Rate % is -1.84% as of Dec. 2014. 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.

Integrated Drilling Equipment Holdings Business Description

Industry EnergyOil & Gas
Address 25311 I-45 North, Woodpark Business Center, Spring, TX, USA, 77380
Integrated Drilling Equipment Holdings Corp provides products and services to customers in the oil and gas industry both domestically and internationally. It operates in two segments: Electrical Products & Services and Drilling Products & Services.