TGC No 2 PJSC (MIC:TGKB) Tax Rate %: 22.03% (As of Jun. 2023)

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What is TGC No 2 PJSC Tax Rate %?

TGC No 2 PJSC MIC:TGKB +7.26% Tax Rate % is 22.03% as of Jun. 2023.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. TGC No 2 PJSC's Tax Expense for the six months ended in Jun. 2023 was ₽259 Mil. TGC No 2 PJSC's Pre-Tax Income for the six months ended in Jun. 2023 was ₽1,174 Mil. Therefore, TGC No 2 PJSC's Tax Rate % for the quarter that ended in Jun. 2023 was 22.03%.

TGC No 2 PJSC Tax Rate % Related Terms

TGC No 2 PJSC Tax Rate % Historical Data

* Premium members only.

The historical data trend for TGC No 2 PJSC'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.

TGC No 2 PJSC Tax Rate % Chart

TGC No 2 PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.97 24.34 16.22 10.66 38.72

TGC No 2 PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 30.65 17.38 21.35 14.63 22.03

TGC No 2 PJSC Tax Rate % Calculation

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

TGC No 2 PJSC's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=516.576/1334.109
=38.72 %

TGC No 2 PJSC's Tax Rate % for the quarter that ended in Jun. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2023 )/Pre-Tax Income (Q: Jun. 2023 )
=258.719/1174.176
=22.03 %

* 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 22.03% mean?
TGC No 2 PJSC (MIC:TGKB) has a Tax Rate % of 22.03% as of Jun. 2023.
Is TGC No 2 PJSC's Tax Rate % too high?
TGC No 2 PJSC's current Tax Rate % is 22.03%.
How does TGC No 2 PJSC's Tax Rate % compare to VST and NRG?
TGC No 2 PJSC's Tax Rate % of 22.03% can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Tax Rate % depends on the Utilities - Independent Power Producers 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. TGC No 2 PJSC's current Tax Rate % is 22.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGC No 2 PJSC stock overvalued right now?
TGC No 2 PJSC (MIC:TGKB) has a current Tax Rate % of 22.03%. The current Tax Rate % is 22.03%. 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 TGC No 2 PJSC (MIC:TGKB), the current Tax Rate % is 22.03% as of Jun. 2023. 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.

TGC No 2 PJSC Business Description

Address Pyatnitskaya Street 6, Yaroslavl, RUS, 150003
TGC No 2 PJSC is a heat and power-generating company in the Northern and Northwest parts of Russia. The company's activities involve heat and power production as well as the sale of heat (steam and hot water) to consumers. Its enterprises are in Arkhangelsk, Vologda, Kostroma, Novgorod, and Yaroslavl regions of Russia, and in Skopje (Macedonia).