Continental Coal (ASX:CCC) Tax Expense: A$-1.34 Mil (TTM As of Jun. 2014)


What is Continental Coal Tax Expense?

Continental Coal ASX:CCC Tax Expense is A$-1.34 Mil as of Jun. 2014. The stock has 4 warning signs investors should review.

Continental Coal's tax expense for the months ended in Jun. 2014 was A$-1.14 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jun. 2014 was A$-1.34 Mil.

Continental Coal  (ASX:CCC) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.

Continental Coal Tax Expense Related Terms

Continental Coal Tax Expense Historical Data

* Premium members only.

The historical data trend for Continental Coal's Tax Expense 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.

Continental Coal Tax Expense Chart

Continental Coal Annual Data
Trend Jun11 Jun12 Jun13 Jun14
Tax Expense
-0.79 -1.32 -1.10 -1.34

Continental Coal Semi-Annual Data
Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14
Tax Expense Get a 7-Day Free Trial -0.91 0.64 -1.74 -0.19 -1.14

Continental Coal Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Jun. 2014 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-1.34 Mil.

* 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 Expense →
What does a Tax Expense of A$-1.34 Mil mean?
Continental Coal (ASX:CCC) has a Tax Expense of A$-1.34 Mil as of Jun. 2014. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Continental Coal and its competitors.
Is Continental Coal's Tax Expense too high?
Continental Coal's current Tax Expense is A$-1.34 Mil.
How does Continental Coal's Tax Expense compare to competitors?
Continental Coal's Tax Expense of A$-1.34 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Expense for a Steel company?
A good Tax Expense depends on the Steel industry context. However, Tax Expense 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 Expense mean?
A high Tax Expense can signal that a stock is expensive relative to its fundamentals. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Continental Coal and its competitors. Continental Coal's current Tax Expense is A$-1.34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Continental Coal stock overvalued right now?
Continental Coal (ASX:CCC) has a current Tax Expense of A$-1.34 Mil. The current Tax Expense is A$-1.34 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Expense calculated?
Tax Expense is calculated from a company's financial statements. For Continental Coal (ASX:CCC), the current Tax Expense is A$-1.34 Mil as of Jun. 2014. 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.

Continental Coal Business Description

Address 9th Floor, Fredman Towers, 13 Fredman Drive, Sandton, ZAF, 2196
Continental Coal Ltd is a coal exploration and development company. It is engaged in producing, development and exploration of coal in its projects located in South Africa's coal fields. Its three main operating mines are Vlakvarkfontein, Ferreira and Penumbra mine. Its development projects include De Wittekrans development project; and exploration projects, such as Vaalbank, Leiden and Knapdaar in South Africa, as well as Kweneng and Serowe exploration projects in Botswana.