Tornado Global Hydrovacs (TSXV:TGH) Tax Rate % : 23.49% (As of Mar. 2024)

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What is Tornado Global Hydrovacs Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Tornado Global Hydrovacs's Tax Expense for the three months ended in Mar. 2024 was C$0.7 Mil. Tornado Global Hydrovacs's Pre-Tax Income for the three months ended in Mar. 2024 was C$3.2 Mil. Therefore, Tornado Global Hydrovacs's Tax Rate % for the quarter that ended in Mar. 2024 was 23.49%.

Tornado Global Hydrovacs Tax Rate % Historical Data

The historical data trend for Tornado Global Hydrovacs'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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Tornado Global Hydrovacs Tax Rate % Chart

Tornado Global Hydrovacs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-43.33

21.44

8.59

-0.53

23.52

Tornado Global Hydrovacs 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															24.30	24.23	19.04	24.09	23.49

Tornado Global Hydrovacs Tax Rate % Calculation

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

Tornado Global Hydrovacs'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 )
	=	2.258	/	9.6
	=	23.52 %

Tornado Global Hydrovacs'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 )
	=	0.745	/	3.172
	=	23.49 %

Tornado Global Hydrovacs Tax Rate % Related Terms

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Tornado Global Hydrovacs (TSXV:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tornado Global Hydrovacs Ltd (TSXV:TGH) » Definitions » Tax Rate %

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Traded in Other Exchanges

TGHLF:USA

Address

7015 MacLeod Trail South West, Suite 510, Calgary, AB, CAN, T2H 2K6

Website

https://www.tghl.ca

Tornado Global Hydrovacs Ltd is a truck manufacturer. The company, through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks to excavation service providers in the municipal and oil and gas markets in North America and has expanded into China. It has two geographic operating segments, North American manufacturing and sales operations, and its China operation. The majority of its revenue is derived from the North American manufacturing segment.

Executives

Alastair James Robertson

Senior Officer