SeaCube Container Leasing (FRA:03S) Tax Expense : €-0.4 Mil (TTM As of Dec. 2012)

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What is SeaCube Container Leasing Tax Expense?

SeaCube Container Leasing's tax expense for the months ended in Dec. 2012 was €-0.3 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2012 was €-0.4 Mil.

SeaCube Container Leasing Tax Expense Historical Data

The historical data trend for SeaCube Container Leasing'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.

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SeaCube Container Leasing Tax Expense Chart

SeaCube Container Leasing Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Tax Expense

0.17

0.60

-0.53

-0.38

SeaCube Container Leasing Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Tax Expense	Get a 7-Day Free Trial								-0.42	-0.14	0.04	-	-0.29

SeaCube Container Leasing 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 Dec. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.4 Mil.

SeaCube Container Leasing (FRA:03S) 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.

SeaCube Container Leasing Tax Expense Related Terms

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SeaCube Container Leasing (FRA:03S) Business Description

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SeaCube Container Leasing Ltd was incorporated in Bermuda in March 2010. It is a container leasing company based on total assets. Containers are the primary means by which products are shipped internationally because they facilitate the secure and efficient movement of goods via multiple transportation modes, including ships, rail and trucks. The principal activities of its business include the acquisition, leasing, re-leasing and subsequent sale of refrigerated and dry containers and generator sets. It leases its containers primarily under long-term contracts to a diverse group of the shipping lines. It owns or manages a fleet of 507,013 units, representing 795,039 TEUs of containers and generator sets. It leases three types of assets: Reefers, which are used for perishable items such as fresh and frozen foods; Dry freight containers, which are used for general cargo such as manufactured component parts, consumer staples and apparel; and Gensets, which are diesel generators used to provide mobile power to reefers. The Company's fleet of equipment consists of three types of container assets: refrigerated containers, dry freight containers and generator sets. Refrigerated containers, or reefers, are insulated containers that include an integrated cooling machine. These containers are typically used to carry perishable cargo such as fresh and frozen produce, meat, poultry, fish and other temperature sensitive products. A dry container is essentially a steel box with a set of doors on one end. Dry containers are the least-expensive type of intermodal container and are used to carry most types of freight. Generator sets, or gensets, are portable diesel fueled generators used to power reefers. They can be used when reefers are transported by trucks. It competes with Textainer Group, Florens Group, Triton Container, TAL International and GE Seaco. The Company is subject to federal, state, local and foreign laws and regulations relating to the protection of the environment, including those governing the discharge of pollutants to air and water, the management and disposal of hazardous substances and wastes and the cleanup of contaminated sites.

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