Trust Bank (XGHA:TBL) Tax Rate %: 28.87% (As of Dec. 2023)

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XGHA:TBL Trust Bank Ltd XGHA:TBL
13 GF Score
Price GHS1.20
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What is Trust Bank Tax Rate %?

Trust Bank XGHA:TBL 13 Tax Rate % is 28.87% as of Dec. 2023. GuruFocus rates XGHA:TBL with a GF Score™ of 13/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Trust Bank's Tax Expense for the six months ended in Dec. 2023 was GHS16.7 Mil. Trust Bank's Pre-Tax Income for the six months ended in Dec. 2023 was GHS57.9 Mil. Therefore, Trust Bank's Tax Rate % for the quarter that ended in Dec. 2023 was 28.87%.

Trust Bank Tax Rate % Related Terms

Trust Bank Tax Rate % Historical Data

* Premium members only.

The historical data trend for Trust 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.

Trust Bank Tax Rate % Chart

Trust Bank 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 25.67 29.74 20.08 28.34 28.87

Trust Bank Semi-Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
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 25.67 29.74 20.08 28.34 28.87
XGHA:TBL
13GF Score
Trust Bank Ltd XGHA:TBL
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Trust Bank Tax Rate % Calculation

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

Trust Bank'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 )
=16.729/57.941
=28.87 %

Trust Bank's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2023 )/Pre-Tax Income (Q: Dec. 2023 )
=16.729/57.941
=28.87 %

* 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 28.87% mean?
Trust Bank (XGHA:TBL) has a Tax Rate % of 28.87% as of Dec. 2023.
Is Trust Bank's Tax Rate % too high?
Trust Bank's current Tax Rate % is 28.87%. Overall, Trust Bank has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Trust Bank's Tax Rate % compare to PNC and USB?
Trust Bank's Tax Rate % of 28.87% 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. Trust Bank's current Tax Rate % is 28.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trust Bank stock overvalued right now?
Trust Bank (XGHA:TBL) has a current Tax Rate % of 28.87%. The current Tax Rate % is 28.87%. Trust Bank's overall GF Score™ is 13/100. 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 Trust Bank (XGHA:TBL), the current Tax Rate % is 28.87% as of Dec. 2023. 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.

Trust Bank Business Description

Address 3-4 Ecowas Avenue, P.O. Box 1018, Banjul, GMB
Trust Bank Ltd is engaged in providing commercial banking services. Its activities include receiving deposits, provision of loans, a system of payments and clearing, dealing in financial instruments of the money market, foreign currencies exchange services, providing banking information, performing mortgage activities and others. The company's only reportable segment is the provision of banking and related services.
13GF Score

Get the complete analysis for XGHA:TBL

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

GHS1.20
Price