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Middle East Specialized Cables Co (SAU:2370) Tax Rate % : 11.59% (As of Mar. 2024)


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What is Middle East Specialized Cables Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Middle East Specialized Cables Co's Tax Expense for the three months ended in Mar. 2024 was ﷼3.4 Mil. Middle East Specialized Cables Co's Pre-Tax Income for the three months ended in Mar. 2024 was ﷼29.4 Mil. Therefore, Middle East Specialized Cables Co's Tax Rate % for the quarter that ended in Mar. 2024 was 11.59%.


Middle East Specialized Cables Co Tax Rate % Historical Data

The historical data trend for Middle East Specialized Cables Co'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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Middle East Specialized Cables Co Tax Rate % Chart

Middle East Specialized Cables Co 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 -62.45 92.03 -122.86 161.75 25.33

Middle East Specialized Cables Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 15.11 15.12 27.77 39.82 11.59

Middle East Specialized Cables Co Tax Rate % Calculation

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

Middle East Specialized Cables Co'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 )
=16.596/65.531
=25.33 %

Middle East Specialized Cables Co's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=3.403/29.365
=11.59 %

* 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.


Middle East Specialized Cables Co Tax Rate % Related Terms

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Middle East Specialized Cables Co (SAU:2370) Business Description

Traded in Other Exchanges
N/A
Address
Salahuddin Street, King Abdulaziz Sector, PO Box 60536, Riyadh, SAU, 11555
Middle East Specialized Cables Co is a company which is engaged in the production and sale of flexible electric, coaxial, rubber and nylon coated wires and cables, telephone cables for internal extensions, computer cables, safety and anti-fire wires and cables, and control and transmission of information cables. The company's products include instrumentation and process control cables, Building wire, power, and control cables (PVC), data and communication cable, Flexible cables, fire cables, irrigation cables, bare copper and PVCs. It operates its business in two geographic segments namely Saudi Arabia and Unites Arab Emirates (UAE). The majority of the company's revenue comes from Saudi Arabia.

Middle East Specialized Cables Co (SAU:2370) Headlines

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