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Fortis (TSX:FTS.PR.H.PFD) Tax Rate % : 14.80% (As of Sep. 2024)


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What is Fortis Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Fortis's Tax Expense for the three months ended in Sep. 2024 was C$83.00 Mil. Fortis's Pre-Tax Income for the three months ended in Sep. 2024 was C$561.00 Mil. Therefore, Fortis's Tax Rate % for the quarter that ended in Sep. 2024 was 14.80%.

Fortis Tax Rate % Historical Data

The historical data trend for Fortis'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.

* Premium members only.

Fortis Tax Rate % Chart

Fortis 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 13.50 14.26 14.28 16.03 17.39

Fortis 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 17.13 21.48 16.48 15.13 14.80

Fortis Tax Rate % Calculation

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

Fortis'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 )
=360/2070
=17.39 %

Fortis'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 )
=83/561
=14.80 %

* 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.

Fortis Tax Rate % Related Terms

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Fortis Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (TSX:FTS.PR.H.PFD) » Definitions » Tax Rate %
Comparable Companies
TSX:H TSX:EMA TSX:CUP.U NEE SO DUK LSE:NG. PCG AEP D PEG BOM:532555 XEL EXC BOM:532898 ED EIX ETR WEC DTE
Traded in Other Exchanges
FORFF.PFD:USA FTRSF.PFD:USA FTS:USA 12F:Germany 12F:Germany FTS.PR.M.PFD:Canada FTS.PR.K.PFD:Canada FTS.PR.J.PFD:Canada FTS.PR.I.PFD:Canada FTS.PR.G.PFD:Canada FTS.PR.F.PFD:Canada FTS:Canada
Address
5 Springdale Street, Suite 1100, Fortis Place, Saint John’s, NL, CAN, A1E 0E4
Website
https://www.fortisinc.com
Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.

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