GE Aerospace (LSE:GEC) Tax Rate % : 17.04% (As of Mar. 2024)

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What is GE Aerospace Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. GE Aerospace's Tax Expense for the three months ended in Mar. 2024 was $318 Mil. GE Aerospace's Pre-Tax Income for the three months ended in Mar. 2024 was $1,866 Mil. Therefore, GE Aerospace's Tax Rate % for the quarter that ended in Mar. 2024 was 17.04%.

GE Aerospace Tax Rate % Historical Data

The historical data trend for GE Aerospace'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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GE Aerospace Tax Rate % Chart

GE Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-1,022.22

-8.16

13.29

0.38

11.40

GE Aerospace Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															4.17	23.96	46.00	20.96	17.04

GE Aerospace Tax Rate % Calculation

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

GE Aerospace's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	1162	/	10191
	=	11.40 %

GE Aerospace's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	318	/	1866
	=	17.04 %

GE Aerospace Tax Rate % Related Terms

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GE Aerospace (LSE:GEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » GE Aerospace (LSE:GEC) » Definitions » Tax Rate %

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GE:USA GE:Peru GE:Mexico 1GE:Italy GNE:France GCP:Germany GE:Germany GCP:Germany GCP:Germany GE:Chile GE:Switzerland GEOO34:Brazil GE:Argentina

Address

5 Necco Street, Boston, MA, USA, 02210

Website

https://www.ge.com

GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.

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