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Tortoise Acquisition (Tortoise Acquisition) Tax Rate % : -0.58% (As of Jun. 2020)


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What is Tortoise Acquisition Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Tortoise Acquisition's Tax Expense for the three months ended in Jun. 2020 was $0.01 Mil. Tortoise Acquisition's Pre-Tax Income for the three months ended in Jun. 2020 was $-2.24 Mil. Therefore, Tortoise Acquisition's Tax Rate % for the quarter that ended in Jun. 2020 was -0.58%.

Tortoise Acquisition Tax Rate % Historical Data

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

Tortoise Acquisition Annual Data
Trend Dec18 Dec19
Tax Rate %
- 24.84

Tortoise Acquisition Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Tax Rate % Get a 7-Day Free Trial 24.60 24.36 25.06 34.89 -0.58

Tortoise Acquisition Tax Rate % Calculation

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

Tortoise Acquisition's Tax Rate % for the fiscal year that ended in Dec. 2019 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2019 )/Pre-Tax Income (A: Dec. 2019 )
=0.768/3.092
=24.84 %

Tortoise Acquisition's Tax Rate % for the quarter that ended in Jun. 2020 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2020 )/Pre-Tax Income (Q: Jun. 2020 )
=0.013/-2.244
=-0.58 %

* 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.

Tortoise Acquisition Tax Rate % Related Terms

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Tortoise Acquisition (Tortoise Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tortoise Acquisition Corp (NYSE:SHLL) » Definitions » Tax Rate %
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RMG PIC NPA AMCI DMYT SCVX FMCI IPV SMMC SSPK CCXX CCX FPAC VTIQ SPAQ FEAC CCH CPAA LSE:EVRA GHIV
Traded in Other Exchanges
N/A
Address
5100 W. 115th Place, Leawood, KS, USA, 66211
Website
https://www.tortoisespac.com
Tortoise Acquisition Corp is a blank check company 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.