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Lower earnings limit |
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Lower earnings limitThe level of income at which employees start to pay Class 1 National Insurance contributions.Similar MatchesEarnings before interest and, taxes (EBIT)Earnings before interest and, taxes (EBIT)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 interest and income taxes. EarningsEarningsThe annual profits of a company after deduction of tax, dividends to preference shareholders and bondholders. Earnings are usually expressed on a per-share basis (e.g. 7p), and the earnings per share (EPS) figure is calculated by dividing total earnings by the average number of shares in issue for the relevant accounting period.E.g. earnings of £2m, with 10m shares in issue would give an EPS of 20pYou may see earnings used in several ways:Reported earnings: the figure in the company's accountsUnderlying earnings: the figure derived from reported earnings by excluding any one-off items (e.g. profit from the sale of land which is not part of the company's normal business)Diluted earnings: earnings after adjustment has been made for shares that may be issued in the future if holders of options, warrants and convertibles choose to exercise their rights. Earnings yieldEarnings yieldThe ratio of earnings per share, after allowing for tax and interest payments on fixed interest debt, to the current share price. The inverse of the price-earnings ratio. It is the total twelve months, earnings divided by number of outstanding shares, divided by the recent price, multiplied by 100. The end result is shown in percentage terms. We often look at earnings yield because this avoids the problem of zero earnings in the denominator of the price-earning ratio. Fully diluted earnings per sharesFully diluted earnings per sharesEarnings per share expressed as if all outstanding convertible securities and warrants have been exercised. Earnings factorEarnings factorThis is a theoretical earnings figure that is used for working out state pensions or guaranteed minimum pensions. Further SuggestionsState Earnings Related Pension Schemeband earnings Primary earnings per (common) share Earnings retention ratio normalised earnings Earnings before interest after taxes (EBIAT) Earnings Earnings before taxes (EBT) Quality of earnings upper earnings level earnings per share net relevant earnings Earnings price ratio adjusted earnings Accounting earnings Retained earnings price earnings growth factor price earnings ratio (P/E ratio) taxable earnings Earnings before interest, taxes, and depreciation (EBITD) Earnings response coefficient Earnings Earnings before interest, taxes, depreciation, and amortization (EBITDA) earnings yield retained earnings |
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