Retrieve Current Deferred Income Taxes from Any Stock Symbol
The hf_Current_deferred_income_taxes function in MarketXLS enables you to quickly fetch the “Current Deferred Income Taxes” figure from a company’s balance sheet directly into Excel. This is especially useful for understanding tax items that can influence a company's immediate financial position. By leveraging real-time data, you can monitor potential tax liabilities or benefits and easily incorporate them into your analysis, models, or comparisons.
Why Use This Function?
- Helps evaluate tax-related items on a company’s balance sheet.
- Enables quick retrieval of data from MarketXLS’s extensive fundamental data API in Excel.
- Useful for spotting short-term tax obligations or credits that could affect net income.
- Ideal for financial modeling, portfolio reviews, and comprehensive fundamental analysis.
- Saves significant time by automating data retrieval, eliminating the need for manual lookups.
How to Use in Excel
=hf_Current_deferred_income_taxes(Symbol, Year, [Quarter], [TTM])- Enter the formula into any cell where you want the Current Deferred Income Taxes value to appear.
- Reference a valid stock symbol (e.g., "AAPL") and specify the desired fiscal year (e.g., "2022").
- Optional: Set the quarter to "1", "2", "3", or "4". If no quarter is provided, the function internally defaults to "2", but you can override this.
- Optional: Set TTM to "TTM" if you want trailing 12-month data instead of a quarterly or annual snapshot.
Once you press Enter, Excel will populate the cell with the retrieved data or show "NA" if the specific data is unavailable.
Parameters Explained
| Parameter | Description | Example Values | Notes |
|---|---|---|---|
| Symbol | The stock ticker symbol or identifier for the company for which you want to retrieve data. | "AAPL", "MSFT", "TSLA" | Must be a valid, recognized symbol in MarketXLS. |
| Year | The fiscal year for which deferred income taxes data should be fetched. | "2021", "2022" | If data for that year is not available, the function returns "NA." |
| Quarter | (Optional) Quarter of the year, expressed as "1", "2", "3", or "4". | "1", "2", "3", "4" | Defaults to "2" if left blank; use "4" to look at end-of-year data specifically. |
| TTM | (Optional) Set to "TTM" for trailing 12 months data, otherwise leave blank. | "", "TTM" | If "TTM" is used and the data is unavailable, "NA" is returned. |
Example Usage
Basic Examples
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Retrieve Current Deferred Income Taxes for Apple in 2022, Q1: =hf_Current_deferred_income_taxes("AAPL", "2022", "1")
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Retrieve data for Tesla in 2021, Q4: =hf_Current_deferred_income_taxes("TSLA", "2021", "4")
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Use TTM for Microsoft, most recent data, ignoring quarter: =hf_Current_deferred_income_taxes("MSFT", "2022", , "TTM")
In each case, if valid data is available, a numeric result will appear. Otherwise, “NA” is returned.
Advanced Scenarios
• Trailing 12 Months Data:
If you want to see the most current rolling 12-month figure for a company, pass “TTM” instead of a quarter in your formula. This is particularly valuable when analyzing shorter-term tax obligations without waiting for full-year statements.
• Historical Research & Modeling:
Investigate trends by referencing previous years and quarters. For example, comparing "AAPL" for 2019, 2020, and 2021 across different quarters may reveal how Apple’s deferred tax obligations evolved over time.
• Combined with Other MarketXLS Functions:
Incorporate Current Deferred Income Taxes into your broader fundamental analysis by pairing this function with other MarketXLS fundamental and technical indicators. This enables a holistic overview of both operational performance and tax-related considerations.
Common Questions and Troubleshooting
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Why am I getting “NA”?
- The data may be unavailable for the specified symbol, year, or quarter.
- Double-check you have the correct ticker symbol and that the data exists for that time period.
- If using TTM, ensure TTM data is provided for that symbol in MarketXLS.
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What if my plan doesn’t support certain symbols?
- Depending on your MarketXLS subscription, some fundamentals may not be accessible. The function may return a message requesting an upgrade or "NA."
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How do I know which quarter to pick?
- Typically, “1” corresponds to Q1 (January–March), “2” is Q2 (April–June), “3” is Q3 (July–September), and “4” is Q4 (October–December). If left blank, it defaults to “2,” but you can change it as needed.
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Can I evaluate this for international symbols?
- Some US-based or popular global symbols are supported, but coverage may vary. If data isn’t available for a specific exchange, “NA” is returned.
Remember:
- Always verify your stock symbol is accurate and the year/quarter you specify has published financials.
- Using TTM helps you capture the latest rolling data when analyzing recent changes to deferred tax liabilities.
- Combine this function with other MarketXLS formulas for a comprehensive fundamental analysis approach.
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