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SDZXF (Sandoz Group AG) Deferred Tax : $-12 Mil (TTM As of Dec. 2024)


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What is Sandoz Group 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.

Sandoz Group AG's change in deferred tax for the six months ended in Dec. 2024 was $-65 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Dec. 2024 was $-12 Mil.

Sandoz Group AG Deferred Tax Historical Data

The historical data trend for Sandoz Group 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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Sandoz Group AG Deferred Tax Chart

Sandoz Group AG Annual Data
Trend Dec22 Dec23 Dec24
Deferred Tax
252.00 50.00 -12.00

Sandoz Group AG Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24
Deferred Tax - 126.00 -76.00 53.00 -65.00

Sandoz Group AG Deferred Tax Calculation

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.

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


* 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.

Sandoz Group AG Deferred Tax Related Terms

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Sandoz Group AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sandoz Group AG (OTCPK:SDZXF) » Definitions » Deferred Tax
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Traded in Other Exchanges
SDZNY:USA SDZz:UK 0SAN:UK D8Y0:Germany SDZ:Switzerland
Address
Centralbahnstrasse 4, Basel, CHE, 4051
Website
https://www.sandoz.com
Sandoz is one of the largest generic pharmaceutical manufacturers in the world, generating over $9 billion annually from off-patent drugs. Once part of Novartis, Sandoz spun off and went public in October 2023. Generics, including small molecules and complex injectables, make up roughly 75% of Sandoz's total sales, and the firm has a significant presence in Europe, the United States, and other key international markets. Sandoz generates its remaining sales from biosimilars and is among leaders in the space. Sandoz launched Europe's first biosimilar, Omnitrope, in 2006 as well as the first US biosimilar, Zarxio, in 2015. It currently has eight commercialized biosimilars in a number of markets and has over 20 assets in its pipeline.