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Telefonaktiebolaget L M Ericsson (LTS:0O86) Tax Rate % : 26.40% (As of Sep. 2024)


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What is Telefonaktiebolaget L M Ericsson Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Telefonaktiebolaget L M Ericsson's Tax Expense for the three months ended in Sep. 2024 was kr1,392 Mil. Telefonaktiebolaget L M Ericsson's Pre-Tax Income for the three months ended in Sep. 2024 was kr5,273 Mil. Therefore, Telefonaktiebolaget L M Ericsson's Tax Rate % for the quarter that ended in Sep. 2024 was 26.40%.

Telefonaktiebolaget L M Ericsson Tax Rate % Historical Data

The historical data trend for Telefonaktiebolaget L M Ericsson'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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Telefonaktiebolaget L M Ericsson Tax Rate % Chart

Telefonaktiebolaget L M Ericsson Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 79.00 35.24 21.44 22.34 -11.94

Telefonaktiebolaget L M Ericsson Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.92 30.57 28.00 20.75 26.40

Telefonaktiebolaget L M Ericsson Tax Rate % Calculation

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

Telefonaktiebolaget L M Ericsson'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 )
=2785/-23319
=-11.94 %

Telefonaktiebolaget L M Ericsson'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 )
=1392/5273
=26.40 %

* 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.

Telefonaktiebolaget L M Ericsson Tax Rate % Related Terms

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Telefonaktiebolaget L M Ericsson Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telefonaktiebolaget L M Ericsson (LTS:0O86) » Definitions » Tax Rate %
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Address
Torshamnsgatan 21, Kista, Stockholm, SWE, SE-164 83
Website
https://www.ericsson.com
Ericsson provides telecom equipment and services that are primarily used to build and facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises. The firm's customers have historically been primarily wireless carriers, but the firm is making a push to cater more to other enterprises as well, both as they try to take advantage of 5G capabilities and on other "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers so their devices are compatible with wireless networks.

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