FTPAW (FTAC Parnassus Acquisition) Tax Rate %: 18.14% (As of Sep. 2022)

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FTPAW FTAC Parnassus Acquisition Corp FTPAW
22 GF Score
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What is FTAC Parnassus Acquisition Tax Rate %?

FTAC Parnassus Acquisition FTPAW 22 Tax Rate % is 18.14% as of Sep. 2022. GuruFocus rates FTPAW with a GF Score™ of 22/100. The stock has 1 warning sign investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. FTAC Parnassus Acquisition's Tax Expense for the three months ended in Sep. 2022 was $0.20 Mil. FTAC Parnassus Acquisition's Pre-Tax Income for the three months ended in Sep. 2022 was $1.12 Mil. Therefore, FTAC Parnassus Acquisition's Tax Rate % for the quarter that ended in Sep. 2022 was 18.14%.

FTAC Parnassus Acquisition Tax Rate % Related Terms

FTAC Parnassus Acquisition Tax Rate % Historical Data

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The historical data trend for FTAC Parnassus 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.

FTAC Parnassus Acquisition Tax Rate % Chart

FTAC Parnassus Acquisition Annual Data
Trend Dec20 Dec21
Tax Rate %
0.00 0.00

FTAC Parnassus Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Tax Rate % Get a 7-Day Free Trial 0.00 0.00 0.00 3.62 18.14
FTPAW
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FTAC Parnassus Acquisition Corp FTPAW
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FTAC Parnassus Acquisition Tax Rate % Calculation

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

FTAC Parnassus Acquisition's Tax Rate % for the fiscal year that ended in Dec. 2021 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2021 )/Pre-Tax Income (A: Dec. 2021 )
=0/-0.184
=0.00 %

FTAC Parnassus Acquisition's Tax Rate % for the quarter that ended in Sep. 2022 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2022 )/Pre-Tax Income (Q: Sep. 2022 )
=0.203/1.119
=18.14 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 18.14% mean?
FTAC Parnassus Acquisition (FTPAW) has a Tax Rate % of 18.14% as of Sep. 2022.
Is FTAC Parnassus Acquisition's Tax Rate % too high?
FTAC Parnassus Acquisition's current Tax Rate % is 18.14%. Overall, FTAC Parnassus Acquisition has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does FTAC Parnassus Acquisition's Tax Rate % compare to EMLD and FTCV?
FTAC Parnassus Acquisition's Tax Rate % of 18.14% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Diversified Financial Services company?
A good Tax Rate % depends on the Diversified Financial Services industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. FTAC Parnassus Acquisition's current Tax Rate % is 18.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTAC Parnassus Acquisition stock overvalued right now?
FTAC Parnassus Acquisition (FTPAW) has a current Tax Rate % of 18.14%. The current Tax Rate % is 18.14%. FTAC Parnassus Acquisition's overall GF Score™ is 22/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For FTAC Parnassus Acquisition (FTPAW), the current Tax Rate % is 18.14% as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

FTAC Parnassus Acquisition Business Description

Address 2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
FTAC Parnassus 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.
22GF Score

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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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