McGrath RentCorp (FRA:MG8) Tax Rate % : 23.57% (As of Mar. 2024)

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What is McGrath RentCorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. McGrath RentCorp's Tax Expense for the three months ended in Mar. 2024 was €6.5 Mil. McGrath RentCorp's Pre-Tax Income for the three months ended in Mar. 2024 was €27.5 Mil. Therefore, McGrath RentCorp's Tax Rate % for the quarter that ended in Mar. 2024 was 23.57%.

McGrath RentCorp Tax Rate % Historical Data

The historical data trend for McGrath RentCorp'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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McGrath RentCorp Tax Rate % Chart

McGrath RentCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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25.03

22.76

26.53

23.30

25.16

McGrath RentCorp 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															8.82	25.70	27.29	26.72	23.57

McGrath RentCorp Tax Rate % Calculation

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

McGrath RentCorp'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 )
	=	34.488	/	137.057
	=	25.16 %

McGrath RentCorp'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 )
	=	6.483	/	27.503
	=	23.57 %

McGrath RentCorp Tax Rate % Related Terms

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McGrath RentCorp (FRA:MG8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McGrath RentCorp (FRA:MG8) » Definitions » Tax Rate %

Comparable Companies

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MGRC:USA

Address

5700 Las Positas Road, Livermore, CA, USA, 94551-7800

Website

https://www.mgrc.com

McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.

McGrath RentCorp (FRA:MG8) Headlines

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