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BITE.U (Bite Acquisition) Tax Rate % : 120.69% (As of Mar. 2024)


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What is Bite Acquisition Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Bite Acquisition's Tax Expense for the three months ended in Mar. 2024 was $0.14 Mil. Bite Acquisition's Pre-Tax Income for the three months ended in Mar. 2024 was $0.12 Mil. Therefore, Bite Acquisition's Tax Rate % for the quarter that ended in Mar. 2024 was 120.69%.

Bite Acquisition Tax Rate % Historical Data

The historical data trend for Bite Acquisition'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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Bite Acquisition Tax Rate % Chart

Bite Acquisition Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Tax Rate %
- - 32.52 -100.41

Bite Acquisition Quarterly Data
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 -6.40 -36.59 61.44 40.36 120.69

Bite Acquisition Tax Rate % Calculation

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

Bite Acquisition'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 )
=0.495/-0.493
=-100.41 %

Bite Acquisition'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 )
=0.14/0.116
=120.69 %

* 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.

Bite Acquisition Tax Rate % Related Terms

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Bite Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Bite Acquisition Corp (AMEX:BITE.U) » Definitions » Tax Rate %
Comparable Companies
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Traded in Other Exchanges
N/A
Address
720 North State Street, Chicago, IL, USA, 60654
Website
https://www.biteacquisitioncorp.com
Bite Acquisition Corp is a blank check company.
Executives
Cortes Jose Luis Guerrero officer: Chief Financial Officer 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Losa Jesus O. Lanza director 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Luis Doporto Alejandre director 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Julia A Stewart director 4551 WEST 107TH STREET STE 100, C/O APPLEBEES INTERNATIONAL INC, OVERLAND PARK KS 66207
Joseph C. Essa director C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Smart Dine, Llc 10 percent owner 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Axel Molet Warschawski officer: Chief Financial Officer C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Randall Hiatt director C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Alberto Ardura Gonzalez director, officer: Chief Executive Officer C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004
Gomez Rafael Felipe De Jesus Aguirre director C/O BITE ACQUISITION CORP., 30 WEST STREET, NO. 28F, NEW YORK NY 10004