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EBITDA stands for earning before interest, tax, depreciation and amortization. It’s a company’s net income plus the costs of taxes, interest, depreciation and amortization.
EBITDA measures a company’s profitability without accounting for interest, taxes, depreciation and amortization. The fact that EBITDA hides these factors has led many experts, including Warren Buffett, to call it meaningless.
Related Links
Investopedia’s article on EBITDA
Wikipedia's article EBITDA
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