Tax Liabilities (Historical) Formula in Excel

Tax liabilities represent the total amount of tax debt owed by an individual or business entity. In Excel, using the "Tax Liabilities (Historical)" formula from MarketXLS allows you to quickly access and analyze these figures for specific time periods. This function is especially useful for investors and analysts who need a clear view of a company's historical tax obligations.

Understanding Tax Liabilities (Historical)

Tax Liabilities (Historical) helps you:

• Evaluate a company's financial health by reviewing its historical tax obligations.
• Compare tax liabilities across periods (e.g., annual, quarterly, trailing twelve months).
• Make informed decisions based on potential trends or fluctuations in tax liabilities.

When to use:

• Detailed financial statement analysis.
• Historical performance comparison.
• Tax-related forecasting and modeling.

Syntax and Parameters

Below is the standard syntax for the Tax Liabilities (Historical) formula in Excel:

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

Return Value:
• A numeric value representing the total tax liabilities for the specified symbol and period.
• Returns "NA" if an error occurs, the symbol is invalid, or the user license is insufficient.

?? Note: The function may return "NA" if data is not available, the symbol is unsupported, or if you don’t have the required subscription plan.

Examples and Usage

Below are practical examples illustrating how to call hf_Tax_Liabilities:

1. Basic usage by specifying symbol and year:

   =hf_Tax_Liabilities("MSFT", "2022")

   Returns the tax liabilities for Microsoft in 2022.

2. Including a quarter parameter:

   =hf_Tax_Liabilities("MSFT", "2022", 2)

   Fetches the tax liabilities for Microsoft for Q2 of 2022.

3. Using trailing twelve months (TTM):

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

   Retrieves the trailing twelve months of tax liabilities starting from Q3 of 2022.

4. Last Quarter (LQ) and Last Year (LY):

   • Last quarter:

     =hf_Tax_Liabilities("MSFT", "lq")

   • Last year minus one:

     =hf_Tax_Liabilities("MSFT", "ly-1")

? Pro Tip: If you store the year or quarter in a cell (e.g., A2), you can reference it directly:

=hf_Tax_Liabilities("MSFT", A2)

Date Handling Formats

Although this function uses strings to define periods, below are general date handling tips for MarketXLS functions:

• Cell references:

  =Function(A1)

• Direct dates:

  =Function("2024-03-15")

• Using Excel date functions:

  =Function(TEXT(A1,"yyyy-mm-dd"))

Symbol Examples

• Regular Stock Symbol:

  =hf_Tax_Liabilities("MSFT", "2023")

• Index Symbol:

  =hf_Tax_Liabilities("^SPX", "2023")

• Option Symbol:

  =hf_Tax_Liabilities("@MSFT 110122C00020000", "lq")

• Cryptocurrency:

  =hf_Tax_Liabilities("BTCUSD:DEFAULT", "ly")

Common Questions

1. Why am I getting "NA"?

   • This could be due to an invalid symbol, missing data for the specified period, or insufficient license access.

2. How does the function handle errors?

   • The function returns "NA" if an exception occurs or if the symbol is not recognized.

3. Can I use it for different fiscal year ends?

   • Yes, the backend handles fiscal year alignment automatically. Just specify the desired period (year/quarter).

4. Any performance considerations?

   • Functions are generally fast, but results depend on your internet connection and data availability. Repeated calls to multiple symbols may take longer.

5. Do I need a MarketXLS subscription?

   • Yes. MarketXLS requires a valid subscription to access historical fundamentals like Tax Liabilities (Historical).

?? Note: Always verify that the symbol and period inputs are correct to ensure accurate data retrieval.

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