Earnings before interest, taxes, depreciation and amortisation. A computed proxy for operating cash generation before capital structure and non-cash charges. Note: EBITDA ignores the very real cost of maintaining and replacing assets (capex), which is why many value investors treat it with caution. Computed here as Operating Income + D&A.
Formula
Operating Income + Depreciation & Amortisation
Related terms
Metrics on this page are computed by Moatkeep from reported filings and market data and are estimates: they depend on modelling choices (e.g. period alignment, share counts, currency) and on the underlying data being correct. Definitions are in the glossary. Figures are not investment advice — see the full disclaimer.