earnings before taxes

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Earnings before taxes (EBT)

A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of income taxes.

Earnings Before Taxes

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. EBIT represents cash available to pay off creditors in the event of liquidation, and, as such, it is closely watched, especially when comparing companies in jurisdictions with different tax laws. However, it is not as common a measure as earnings before interest and taxes.

earnings before taxes

References in periodicals archive ?
Turnover for construction operations was NOK 4,747 million (4,285) and earnings before tax were NOK 116 million (87) in Q2.
Veidekke's property operations showed stable turnover in the quarter, while earnings before tax increased to NOK 50 million from NOK 40 million last year.
Turnover for construction operations were NOK 4,318 million (3,590) and earnings before tax were NOK 87 million (46).

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