CIBC Caribbean Bank (TRN:CIBC) Tax Rate %: 4.59% (As of Apr. 2020)

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What is CIBC Caribbean Bank Tax Rate %?

CIBC Caribbean Bank TRN:CIBC Tax Rate % is 4.59% as of Apr. 2020.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. CIBC Caribbean Bank's Tax Expense for the three months ended in Apr. 2020 was TTD-36 Mil. CIBC Caribbean Bank's Pre-Tax Income for the three months ended in Apr. 2020 was TTD-777 Mil. Therefore, CIBC Caribbean Bank's Tax Rate % for the quarter that ended in Apr. 2020 was 4.59%.

CIBC Caribbean Bank Tax Rate % Related Terms

CIBC Caribbean Bank Tax Rate % Historical Data

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The historical data trend for CIBC Caribbean Bank'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.

CIBC Caribbean Bank Tax Rate % Chart

CIBC Caribbean Bank Annual Data
Trend Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19
Tax Rate %
Get a 7-Day Free Trial Premium Member Only 11.58 9.87 8.70 -4.73 19.57

CIBC Caribbean Bank Quarterly Data
Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20
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 14.30 9.61 6.30 4.56 4.59

CIBC Caribbean Bank Tax Rate % Calculation

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

CIBC Caribbean Bank's Tax Rate % for the fiscal year that ended in Oct. 2019 is calculated as

Tax Rate %=Tax Expense (A: Oct. 2019 )/Pre-Tax Income (A: Oct. 2019 )
=280.407/1432.654
=19.57 %

CIBC Caribbean Bank's Tax Rate % for the quarter that ended in Apr. 2020 is calculated as

Tax Rate %=Tax Expense (Q: Apr. 2020 )/Pre-Tax Income (Q: Apr. 2020 )
=-35.654/-776.968
=4.59 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 4.59% mean?
CIBC Caribbean Bank (TRN:CIBC) has a Tax Rate % of 4.59% as of Apr. 2020.
Is CIBC Caribbean Bank's Tax Rate % too high?
CIBC Caribbean Bank's current Tax Rate % is 4.59%.
How does CIBC Caribbean Bank's Tax Rate % compare to ?
CIBC Caribbean Bank's Tax Rate % of 4.59% can be compared against companies in the Banks 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 a Banks company?
A good Tax Rate % depends on the Banks 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. CIBC Caribbean Bank's current Tax Rate % is 4.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CIBC Caribbean Bank stock overvalued right now?
CIBC Caribbean Bank (TRN:CIBC) has a current Tax Rate % of 4.59%. The current Tax Rate % is 4.59%. 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 CIBC Caribbean Bank (TRN:CIBC), the current Tax Rate % is 4.59% as of Apr. 2020. 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.

CIBC Caribbean Bank Business Description

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Address Warrens, St. Michael, P.O. Box 503, Michael, BRB
CIBC Caribbean Bank Ltd is engaged in banking services to individual and business clients. The company operates through Corporate Investment banking, Personal and business banking, and wealth management segments with the help of digital banking networks and locations.