Meggitt (LSE:MGGT) Tax Rate % : 120.00% (As of Jun. 2022)

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What is Meggitt Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Meggitt's Tax Expense for the six months ended in Jun. 2022 was £-8 Mil. Meggitt's Pre-Tax Income for the six months ended in Jun. 2022 was £-7 Mil. Therefore, Meggitt's Tax Rate % for the quarter that ended in Jun. 2022 was 120.00%.

Meggitt Tax Rate % Historical Data

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

Meggitt Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Tax Rate %

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-28.25

17.17

22.39

5.93

0.32

Meggitt Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Tax Rate %	Get a 7-Day Free Trial															6.54	12.50	15.77	226.09	120.00

Meggitt Tax Rate % Calculation

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

Meggitt's Tax Rate % for the fiscal year that ended in Dec. 2021 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2021 )	/	Pre-Tax Income (A: Dec. 2021 )
	=	0.1	/	31.3
	=	0.32 %

Meggitt's Tax Rate % for the quarter that ended in Jun. 2022 is calculated as

Tax Rate %	=	Tax Expense (Q: Jun. 2022 )	/	Pre-Tax Income (Q: Jun. 2022 )
	=	-7.8	/	-6.5
	=	120.00 %

Meggitt Tax Rate % Related Terms

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Meggitt (LSE:MGGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Meggitt PLC (LSE:MGGT) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ansty Business Park, Pilot Way, Coventry, GBR, CV7 9JU

Website

https://www.meggitt.com

Meggitt designs and manufactures high performance components and sub-systems for the aerospace, defense, and energy markets. Key products include aircraft wheels and brakes, fire and safety systems, sensors, fuel systems, and polymer seals. Of the EUR 1.9 billion group revenue reported in 2020, 43% is derived from civil aerospace markets, 46% from defense, and 11% from energy markets. The company commands a leading share within many of its product categories and enjoys a high level of sole-source positions on long-term civil and military programs. Activities are evenly split between production of original equipment and aftermarket services.

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