Global Ship Lease (GSL) Tax Rate (2009 - 2023)
Global Ship Lease (GSL) posted Tax Rate of 0.66% for Q4 2023, down 884.63% on a QoQ basis from 0.07% in Q4 2022, and down 59.0% year-over-year from 1.6% in Q4 2022.
Analysis
Global Ship Lease (GSL) Tax Rate (2009 - 2023) Analysis & Trends
Global Ship Lease has reported Tax Rate for 15 years, with the latest figure at 0.66% in Q4 2023.
- On a quarterly basis, Tax Rate fell 59.0% year-over-year to 0.66% in Q4 2023; TTM through Dec 2024 was 0.13%, a 2.0% increase from a year earlier, with the FY2024 full-year figure at 0.0%, up 13.0% from the prior year.
- Tax Rate was 0.66% for Q4 2023 at Global Ship Lease, down from 0.07% in the prior quarter.
- The five-year high for Tax Rate was 0.62% in Q2 2019, with the low at 0.66% in Q4 2023.
- Average Tax Rate over 5 years is 0.13%, with a median of 0.12% recorded in 2021.
- The sharpest annual moves came in 2019 and 2020: Tax Rate surged 126 bps in 2019, then tumbled 64 bps in 2020.
- Over 5 years, Tax Rate stood at 0.49% in 2019, then soared by 34 bps to 0.32% in 2020, then jumped by 55 bps to 0.15% in 2021, then surged by 54 bps to 0.07% in 2022, then slumped by 885 bps to 0.66% in 2023.
- The last three Tax Rate figures came in at 0.66% (Q4 2023), 0.07% (Q4 2022), and 0.05% (Q3 2022), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | -0.08% |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 24.16% |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | 21.05% |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 0.00% |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | -0.51% |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | -0.27% |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | - |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 5.60% |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | - |
| 10 | Global Ship Lease | 793.09 Mn | 793.09 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | -0.66% |
| Dec 31, 2022 | -0.07% |
| Sep 30, 2022 | 0.05% |
| Dec 31, 2021 | -0.15% |
| Sep 30, 2021 | -0.09% |
| Sep 30, 2020 | -0.32% |
| Jun 30, 2020 | -0.02% |
| Dec 31, 2019 | -0.49% |
| Jun 30, 2019 | 0.62% |
| Mar 31, 2019 | -0.15% |
| Dec 31, 2018 | -0.01% |
| Sep 30, 2018 | -0.28% |
| Jun 30, 2018 | -0.64% |
| Mar 31, 2018 | -0.30% |
| Dec 31, 2017 | 0.01% |
| Sep 30, 2017 | -0.16% |
| Jun 30, 2017 | -0.08% |
| Mar 31, 2017 | -0.13% |
| Dec 31, 2016 | 0.03% |
| Sep 30, 2016 | 0.07% |