COVTY (Covestro AG) Tax Rate % : -18.52% (As of Dec. 2024)

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What is Covestro AG Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Covestro AG's Tax Expense for the three months ended in Dec. 2024 was $31 Mil. Covestro AG's Pre-Tax Income for the three months ended in Dec. 2024 was $-170 Mil. Therefore, Covestro AG's Tax Rate % for the quarter that ended in Dec. 2024 was -18.52%.

Covestro AG Tax Rate % Historical Data

The historical data trend for Covestro AG'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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Covestro AG Tax Rate % Chart

Covestro AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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24.96

25.90

316.15

376.71

-907.42

Covestro AG Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															-83.49	219.35	242.31	40.38	-18.52

Covestro AG Tax Rate % Calculation

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

Covestro AG's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	256.545	/	-28.272
	=	-907.42 %

Covestro AG's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	31.414	/	-169.634
	=	-18.52 %

Covestro AG Tax Rate % Related Terms

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Covestro AG Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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

Address

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

Website

https://www.covestro.com/en

Covestro AG 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 by cyclical end markets, such as automotive, construction, and furniture.