Mining Investments Resources (LSE:MIR) Tax Expense: £0.00 Mil (TTM As of Dec. 2013)

What is Mining Investments Resources Tax Expense?

Mining Investments Resources LSE:MIR Tax Expense is £0.00 Mil as of Dec. 2013. The stock has 2 warning signs investors should review.

Mining Investments Resources's tax expense for the months ended in Dec. 2013 was £0.00 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2013 was £0.00 Mil.

Mining Investments Resources (LSE:MIR) 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.

Mining Investments Resources Tax Expense Related Terms

Mining Investments Resources Tax Expense Historical Data

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The historical data trend for Mining Investments Resources'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.

Mining Investments Resources Tax Expense Chart

Mining Investments Resources Annual Data

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Mining Investments Resources Semi-Annual Data
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Tax Expense	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

Mining Investments Resources 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. 2013 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.00 Mil.

Frequently Asked Questions Learn more about Tax Expense →

What does a Tax Expense of £0.00 Mil mean?

Mining Investments Resources (LSE:MIR) has a Tax Expense of £0.00 Mil as of Dec. 2013. Tax expense is the amount of tax the company pays in an accounting period. View historical data on Mining Investments Resources and its competitors.

Is Mining Investments Resources' Tax Expense too high?

Mining Investments Resources' current Tax Expense is £0.00 Mil.

How does Mining Investments Resources' Tax Expense compare to competitors?

Mining Investments Resources' Tax Expense of £0.00 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?

A good Tax Expense depends on the Conglomerates 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 Mining Investments Resources and its competitors. Mining Investments Resources's current Tax Expense is £0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Mining Investments Resources stock overvalued right now?

Mining Investments Resources (LSE:MIR) has a current Tax Expense of £0.00 Mil. The current Tax Expense is £0.00 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 Mining Investments Resources (LSE:MIR), the current Tax Expense is £0.00 Mil as of Dec. 2013. 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.

Mining Investments Resources Business Description

Industry Industrials Conglomerates

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Website http://www.mirplc.com

Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.