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Eastman Chemical Co (BSP:E1MN34) Tax Rate % : 22.90% (As of Mar. 2024)


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What is Eastman Chemical Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Eastman Chemical Co's Tax Expense for the three months ended in Mar. 2024 was R$244 Mil. Eastman Chemical Co's Pre-Tax Income for the three months ended in Mar. 2024 was R$1,066 Mil. Therefore, Eastman Chemical Co's Tax Rate % for the quarter that ended in Mar. 2024 was 22.90%.

Eastman Chemical Co Tax Rate % Historical Data

The historical data trend for Eastman Chemical Co'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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Eastman Chemical Co Tax Rate % Chart

Eastman Chemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.52 7.74 19.87 18.53 17.57

Eastman Chemical Co 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 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 30.93 -1.12 10.05 26.82 22.90

Eastman Chemical Co Tax Rate % Calculation

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

Eastman Chemical Co'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 )
=935.862/5326.083
=17.57 %

Eastman Chemical Co'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 )
=244.01/1065.677
=22.90 %

* 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.

Eastman Chemical Co Tax Rate % Related Terms

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Eastman Chemical Co (BSP:E1MN34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eastman Chemical Co (BSP:E1MN34) » Definitions » Tax Rate %
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Traded in Other Exchanges
EMN:USA EMN:Mexico EAC:Germany
Address
200 South Wilcox Drive, Kingsport, TN, USA, 37662
Website
https://www.eastman.com
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemicals company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.

Eastman Chemical Co (BSP:E1MN34) Headlines

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