Discontinued — last reported Q2 '24
Medical — Benefit from income taxes
Cardinal Health Medical — Benefit from income taxes remained flat by 0.0% to -$11.25M in Q2 2024 compared to the prior quarter. Year-over-year, this metric declined by 475.0%, from $3.00M to -$11.25M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates a higher tax benefit, which boosts net income for the segment, while a decrease suggests lower tax-related savings or higher tax liabilities.
Detailed definition
This metric represents the tax benefit recognized within the Medical segment's financial results, reflecting the reducti...
Peer comparison
Similar to tax benefit line items reported in segment-level disclosures by other diversified healthcare distributors or medical device manufacturers.
cah_segment_medical_benefit_from_income_taxesHistorical Data
| FY'23 | FY'24 | |
|---|---|---|
| Value | $12.00M | -$45.00M |
| YoY Change | — | -475.0% |
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Frequently Asked Questions
- What is Cardinal Health's medical — benefit from income taxes?
- Cardinal Health (CAH) reported medical — benefit from income taxes of -$11.25M in Q2 2024.
- How has Cardinal Health's medical — benefit from income taxes changed year-over-year?
- Cardinal Health's medical — benefit from income taxes decreased by 475.0% year-over-year, from $3.00M to -$11.25M.
- What does medical — benefit from income taxes mean?
- The amount by which the Medical segment's income tax expense is reduced due to tax credits or accounting adjustments.