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Covestro AG (WBO:1COV) Deferred Tax : €275 Mil (TTM As of Dec. 2023)


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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. 2023 was €86 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Dec. 2023 was €275 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.

* Premium members only.

Covestro AG Deferred Tax Chart

Covestro AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Deferred Tax
Get a 7-Day Free Trial Premium Member Only Premium Member Only 204.00 151.00 566.00 411.00 275.00

Covestro AG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Deferred Tax Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 187.00 37.00 85.00 67.00 86.00

Covestro 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €275 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.

Covestro AG Deferred Tax Related Terms

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Covestro AG (WBO:1COV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Covestro AG (WBO:1COV) » Definitions » Deferred Tax
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Traded in Other Exchanges
COVTY:USA CVVTF:USA 11COV:Italy 1COVd:UK 0RBE:UK 1COV:Germany
Address
Kaiser-Wilhelm-Allee 60, Leverkusen, NW, DEU, 51373
Website
https://www.covestro.com/en
Covestro, formerly Bayer Material Science, was spun off from the Bayer Group in 2015. The firm is a market leader 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 Covestro's products is driven primarily by cyclical end markets, such as automotive, construction, and furniture.

Covestro AG (WBO:1COV) Headlines

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