Current deferred income taxes (Historical) Formula in Excel

Welcome to this comprehensive guide on using the Current deferred income taxes (Historical) formula in Excel with MarketXLS. In this tutorial, you’ll learn how to retrieve the historical values of current deferred income taxes for various securities quickly and accurately.

Understanding Current deferred income taxes (Historical)

• Definition: Current deferred income taxes represent a liability that accounts for timing differences in income recognition between tax regulations and company accounting standards.
• Key Benefits:
  • Helps investors evaluate tax liabilities over different financial periods.
  • Useful in analyzing a company’s tax situation and expense planning.
  • Offers a clearer picture of short-term liabilities for more informed decision-making.
• When to Use:
  • Ideal for fundamental analysis of potential investments.
  • Useful for comparing tax obligations across multiple years or quarters.
  • Beneficial in building financial models that require a detailed breakdown of liabilities.

Syntax and Parameters

Syntax

=hf_Current_Deferred_Income_Taxes(Symbol, year, [quarter], [TTM])

Parameter Explanation

?? Note: If the ticker symbol is invalid or your subscription is not valid, this function returns "NA".

? Pro Tip: Each call triggers an online request (with caching by MarketXLS). Large numbers of formula calls might slow down Excel responsiveness. Consider summarizing data in fewer cells where possible.

Examples and Usage

Below are a few real-world use cases demonstrating how to use hf_Current_Deferred_Income_Taxes:

1. Basic Usage for an Equity Symbol:

   =hf_Current_Deferred_Income_Taxes("MSFT", 2022)

   Retrieves the current deferred income taxes for Microsoft in the year 2022.

2. Specifying Year and Quarter:

   =hf_Current_Deferred_Income_Taxes("MSFT", 2022, 2)

   Fetches the value for the second quarter of 2022.

3. Using Trailing Twelve Months (TTM):

   =hf_Current_Deferred_Income_Taxes("MSFT", 2022, 3, "TTM")

   Retrieves the trailing twelve months value for the third quarter of 2022.

4. Using Special Keywords:

   • Last Quarter (LQ):

     =hf_Current_Deferred_Income_Taxes("MSFT", "lq")

   • Last Year (LY):

     =hf_Current_Deferred_Income_Taxes("MSFT", "ly")

   • Last 12 Months (LT):

     =hf_Current_Deferred_Income_Taxes("MSFT", "lt")

5. Referencing a Cell or Date Value:
   Suppose cell A1 contains a year (e.g., 2023). You could also pass that directly:

   =hf_Current_Deferred_Income_Taxes("MSFT", A1)

   Though this function primarily expects a year or special keyword, you can also use Excel’s date-handling techniques: • Direct date as text: =hf_Current_Deferred_Income_Taxes("MSFT", "2024-03-15")
   • From a date function: =hf_Current_Deferred_Income_Taxes("MSFT", TEXT(A1,"yyyy"))

Common Questions

1. What does the function return if the data is unavailable?
   • The function returns "NA" if the symbol is invalid, if there’s a data issue, or if you lack a valid MarketXLS subscription.

2. Can I use this function for indices and crypto symbols?
   • Yes, simply pass the index symbol (e.g., "^SPX") or the crypto pair (e.g., "BTCUSD:DEFAULT") as the Symbol parameter.

3. How often is the data updated?
   • MarketXLS frequently updates fundamental data. For historical values, updates depend on the availability and frequency of quarterly/yearly financial reporting.

4. Why am I getting “NA” for a valid symbol?
   • Check that you’ve spelled the ticker correctly, your quarter/year combination is valid, and your MarketXLS subscription covers historical fundamental data.

5. Are there any usage limitations or performance considerations?
   • Large workbooks with numerous API-dependent formulas can slow calculations. Leverage summaries or fewer calls to reduce processing time.

?? Note: For related historical fundamental data, explore these MarketXLS formulas:

• Revenue (Historical)
• Cost Of Revenue (Historical)
• Gross Profit (Historical)
• R & D Expenses (Historical)
• Selling General and Administrative Expense (Historical)

By using the Current deferred income taxes (Historical) formula in Excel with MarketXLS, you can gain critical insights into a company’s short-term tax liabilities and make more informed investment decisions.