GXGXW (GX Acquisition) Tax Rate %: -0.12% (As of Mar. 2021)

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What is GX Acquisition Tax Rate %?

GX Acquisition GXGXW Tax Rate % is -0.12% as of Mar. 2021. The stock has 1 warning sign investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. GX Acquisition's Tax Expense for the six months ended in Mar. 2021 was $-0.04 Mil. GX Acquisition's Pre-Tax Income for the six months ended in Mar. 2021 was $37.99 Mil. Therefore, GX Acquisition's Tax Rate % for the quarter that ended in Mar. 2021 was -0.12%.

GX Acquisition Tax Rate % Related Terms

GX Acquisition Tax Rate % Historical Data

* Premium members only.

The historical data trend for GX 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.

GX Acquisition Tax Rate % Chart

GX Acquisition Annual Data
Trend Dec18 Dec19 Dec20
Tax Rate %
0.00 10.20 -0.39

GX Acquisition Semi-Annual Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Tax Rate % Get a 7-Day Free Trial Premium Member Only 4.11 20.88 21.28 0.07 -0.12

GX Acquisition Tax Rate % Calculation

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

GX Acquisition's Tax Rate % for the fiscal year that ended in Dec. 2020 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2020 )/Pre-Tax Income (A: Dec. 2020 )
=0.192/-49.069
=-0.39 %

GX Acquisition's Tax Rate % for the quarter that ended in Mar. 2021 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2021 )/Pre-Tax Income (Q: Mar. 2021 )
=-0.044/37.985
=-0.12 %

* 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 -0.12% mean?
GX Acquisition (GXGXW) has a Tax Rate % of -0.12% as of Mar. 2021.
Is GX Acquisition's Tax Rate % too high?
GX Acquisition's current Tax Rate % is -0.12%.
How does GX Acquisition's Tax Rate % compare to ?
GX Acquisition's Tax Rate % of -0.12% 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. GX Acquisition's current Tax Rate % is -0.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GX Acquisition stock overvalued right now?
GX Acquisition (GXGXW) has a current Tax Rate % of -0.12%. The current Tax Rate % is -0.12%. 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 GX Acquisition (GXGXW), the current Tax Rate % is -0.12% as of Mar. 2021. 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.

GX Acquisition Business Description

Comparable Companies
Address 1325 Avenue of the Americas, 25th Floor, New York, NY, USA, 10019
GX Acquisition Corp is blank check company.