NorAm Drilling AS (STU:TM9) Tax Rate % : 33.51% (As of Sep. 2024)

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What is NorAm Drilling AS Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. NorAm Drilling AS's Tax Expense for the three months ended in Sep. 2024 was €0.32 Mil. NorAm Drilling AS's Pre-Tax Income for the three months ended in Sep. 2024 was €0.95 Mil. Therefore, NorAm Drilling AS's Tax Rate % for the quarter that ended in Sep. 2024 was 33.51%.

NorAm Drilling AS Tax Rate % Historical Data

The historical data trend for NorAm Drilling AS'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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NorAm Drilling AS Tax Rate % Chart

NorAm Drilling AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

-142.69

14.94

3.59

1.13

15.06

NorAm Drilling AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial										-	311.08	-	-928.00	33.51

NorAm Drilling AS Tax Rate % Calculation

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

NorAm Drilling AS'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 )
	=	3.126	/	20.754
	=	15.06 %

NorAm Drilling AS'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 )
	=	0.318	/	0.949
	=	33.51 %

NorAm Drilling AS Tax Rate % Related Terms

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NorAm Drilling AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NorAm Drilling AS (STU:TM9) » Definitions » Tax Rate %

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Traded in Other Exchanges

NORAM:Norway

Address

Bryggegata 3, P.O. Box 1327 - Vika, Oslo, NOR, 0112

Website

https://www.noramdrilling.com

NorAm Drilling AS owns and operates a quality rig portfolio of AC driven rigs tailored for the drilling of horizontal wells in the United States land drilling market. NorAm Drilling Company operates all eleven rigs and is financed through a combination of equity investments and intercompany loans, at arm's length terms, from its parent.

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