Effective Tax Rate
The Effective Tax Rate (ETR) is a financial metric that measures the actual tax rate that a company pays on its taxable income. It is calculated by dividing the total amount of taxes paid by the company by its taxable income. The ETR takes into account all the taxes a company pays, including federal, state, and local taxes, as well as any tax credits or deductions. A lower ETR indicates a lower tax burden for the company, which can result in higher profits and better financial performance. ETR is an important metric for investors to consider when evaluating a company's financial health and tax planning strategies.
Additional Details
| Metric Name |
Type |
Default Period Type |
| eff_tax_rate |
fin_metric |
FY |
| Data Format |
Display Format |
Unit |
| float |
perc |
percentage |