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EBIT |
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EBIT
Earnings Before Interest and Tax A measure of a company's ability to produce income on its operations in a given year. It is calculated as the company's revenue less its expenses (such as overhead) but not subtracting its tax liability or interest paid on debt. It is important to note that EBIT does not account for one-off or otherwise unusual revenues and expenses, only recurring ones. EBIT represents cash available to pay off creditors in the event of liquidation and, as such, it is closely watched, especially when the company incurs little depreciation or amortization. It is also called operating profit. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In the first nine months of 2009, EBIT edged lower to 7. Globally, the Supply Chain division reported that EBIT for the division remained stable at 34 million euros for the first quarter; largely as a result of reduced Fyffes revised target for adjusted EBIT for the full year 2008 is now in the range e12m to e15m compared to e17. |
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