Other

Long-term tax liability

Barnes Group Long-term tax liability decreased by 44.4% to $21.71M in Q4 2023 compared to the prior quarter. Over 3 years (FY 2020 to FY 2023), Long-term tax liability shows a downward trend with a -28.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryRisk
SignalLower is better
VolatilityStable
First reportedQ4 2020
Last reportedQ4 2023

How to read this metric

A declining balance indicates the successful, scheduled repayment of these specific legacy tax obligations.

Detailed definition

This represents specific long-term tax liabilities arising from the transition tax provisions of the Tax Cuts and Jobs A...

Peer comparison

Common among U.S. multinational corporations with significant historical foreign earnings.

Metric ID: other_tcja_of2017incomplete_accounting_transition_tax_fo_ebc018

Historical Data

3 periods
 Q4 '21Q4 '22Q4 '23
Value$52.11M$39.09M$21.71M
QoQ Change—-25.0%-44.4%
YoY Change—-25.0%-44.4%
Range$21.71M – $52.11M
Avg YoY Growth-34.7%
Median YoY Growth-34.7%
Current Streak2+ quarters decline

Frequently Asked Questions

What is Barnes Group's long-term tax liability?
Barnes Group (B) reported long-term tax liability of $21.71M in Q4 2023.
What is the long-term trend for Barnes Group's long-term tax liability?
Over 3 years (2020 to 2023), Barnes Group's long-term tax liability has grown at a -28.4% compound annual growth rate (CAGR), from $59.06M to $21.71M.
What does long-term tax liability mean?
Long-term tax payments owed due to specific transition rules from the 2017 tax law.