Cardinal Health (LTS:0HTG) Tax Rate % : 27.76% (As of Dec. 2023)

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What is Cardinal Health Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cardinal Health's Tax Expense for the three months ended in Dec. 2023 was $136 Mil. Cardinal Health's Pre-Tax Income for the three months ended in Dec. 2023 was $490 Mil. Therefore, Cardinal Health's Tax Rate % for the quarter that ended in Dec. 2023 was 27.76%.

Cardinal Health Tax Rate % Historical Data

The historical data trend for Cardinal Health's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cardinal Health Tax Rate % Chart

Cardinal Health Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Tax Rate %

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22.04

2.09

-89.47

-21.20

58.93

Cardinal Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															5.11	36.21	154.55	123.08	27.76

Cardinal Health Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Cardinal Health's Tax Rate % for the fiscal year that ended in Jun. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Jun. 2023 )	/	Pre-Tax Income (A: Jun. 2023 )
	=	376	/	638
	=	58.93 %

Cardinal Health's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	136	/	490
	=	27.76 %

Cardinal Health Tax Rate % Related Terms

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Cardinal Health (LTS:0HTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Cardinal Health Inc (LTS:0HTG) » Definitions » Tax Rate %

Comparable Companies

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CAH:USA CAH:Mexico CLH:Germany C1AH34:Brazil CAH:Argentina

Address

7000 Cardinal Place, Dublin, OH, USA, 43017

Website

https://www.cardinalhealth.com

Cardinal Health is one of three leading pharmaceutical wholesalers in the U.S., engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and McKesson, the three comprise well over 90% of the U.S. pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.

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