EBIT or Earnings Before Interest and Tax is a common measure of income on operations for a company. Calculating EBIT is valuable for comparing performance against previous periods or against outside competitors. As this does not take into account interest, depreciation and amortisation it’s essentially the cash available to the business.If you are looking for help with your taxation needs we recommend the team at Glenfield Tax Accountants who are Accountants that see beyond the balance sheet. They're available at their website at https://www.taxshop.co.nz/ or by calling 09-443 7741.
NOTE: This calculation does not include GST, all figures should be GST exclusive.
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