COVTY (Covestro AG) Deferred Tax : $264 Mil (TTM As of Dec. 2024)

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What is Covestro AG Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Covestro AG's change in deferred tax for the three months ended in Dec. 2024 was $31 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Dec. 2024 was $264 Mil.

Covestro AG Deferred Tax Historical Data

The historical data trend for Covestro AG's Deferred Tax 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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Covestro AG Deferred Tax Chart

Covestro AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Deferred Tax

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183.70

639.55

435.38

299.89

256.55

Covestro AG Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Deferred Tax	Get a 7-Day Free Trial															93.78	73.91	135.63	23.31	31.41

Covestro AG Deferred Tax Calculation

Deferred Tax for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $264 Mil.

Covestro AG Deferred Tax Related Terms

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Covestro AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Covestro AG (OTCPK:COVTY) » Definitions » Deferred Tax

Comparable Companies

Traded in Other Exchanges

CVVTF:USA 1COVd:UK 0RBE:UK 1COV:Germany 1COV:Bulgaria 1COV:Austria

Address

Kaiser-Wilhelm-Allee 60, Leverkusen, NW, DEU, 51373

Website

https://www.covestro.com/en

Covestro AG is a player in the polymer materials field. The firm is engaged in polyurethanes and polycarbonates, products that the company discovered in the mid-20th century. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for the company's products is driven by cyclical end markets, such as automotive, construction, and furniture. The company's segment includes Performance Materials and Solutions & Specialties. The company generates the majority of its revenue from Solutions & Specialties segment. The Solutions & Specialties segment includes six business entities: Engineering Plastics; Coatings & Adhesives; Tailored Urethanes; Thermoplastic Polyurethanes; Specialty Films; and Elastomers.