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Belong Acquisition (Belong Acquisition) Tax Rate % : 46.39% (As of Mar. 2023)


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What is Belong Acquisition Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Belong Acquisition's Tax Expense for the three months ended in Mar. 2023 was $0.08 Mil. Belong Acquisition's Pre-Tax Income for the three months ended in Mar. 2023 was $0.17 Mil. Therefore, Belong Acquisition's Tax Rate % for the quarter that ended in Mar. 2023 was 46.39%.

Belong Acquisition Tax Rate % Historical Data

The historical data trend for Belong 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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Belong Acquisition Tax Rate % Chart

Belong Acquisition Annual Data
Trend Dec21 Dec22
Tax Rate %
- 10.27

Belong Acquisition Quarterly Data
Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Tax Rate % Get a 7-Day Free Trial Premium Member Only - 0.49 14.08 -51.84 46.39

Belong Acquisition Tax Rate % Calculation

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

Belong Acquisition's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=0.342/3.329
=10.27 %

Belong Acquisition's Tax Rate % for the quarter that ended in Mar. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2023 )/Pre-Tax Income (Q: Mar. 2023 )
=0.077/0.166
=46.39 %

* 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.

Belong Acquisition Tax Rate % Related Terms

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Belong Acquisition (Belong Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Belong Acquisition Corp (NAS:BLNGU) » Definitions » Tax Rate %
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Traded in Other Exchanges
N/A
Address
202 Washington Street, Suite 401, Brookline, MA, USA, 02445
Website
https://www.belongcapital.co
Belong Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.