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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
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earnings before taxes

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Earnings before tax at fair value surged to EUR337m in the first quarter, from EUR74m last year.
In a statement, chief executive Mikael Silvennoinen said, 'Favourable developments in capital markets in the first quarter turned into uncertainty in the second quarter, with the result that our earnings before tax at fair value declined markedly year on year.'
The earnings before tax and goodwill amounted to DKK10.9m, a decline from DKK17.8m the previous year.
However, earnings before tax decreased from SEK263m to SEK248m.
The firm posted GM Financial earnings before taxes (EBT) of USD0.5bn in the third quarter of 2018.
The amount was her total earnings before taxes from June 1, 2017, to June 1, 2018.
The Omaha, Neb.-based company, home of underwriters Geico and General Re, says its insurance-revenues segment was up 18 percent to $33 billion, with group earnings before taxes increasing 110 percent to $2.39 billion.
BANKING AND CREDIT NEWS-November 19, 2012--CIFC nearly triples earnings before taxes from previous quarter(C)2012 M2 COMMUNICATIONS http://www.m2.com

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