EBITD


Also found in: Acronyms.

EBITD

Earnings Before Interest, Taxes, and Depreciation

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 including its tax liability, interest paid on debt, and depreciation. It is important to note that EBITD does not account for one-off or otherwise unusual revenues and expenses, only recurring ones. Depreciation is excluded because it is a deduction from profit that does not have to be paid in cash and is thus not useful for determining cash on hand. EBITD represents cash available to pay off creditors in the event of liquidation, and, as such, it is closely watched, especially when the company has little amortization. See also: EBIT.
References in periodicals archive ?
The net income results for ROA and EBITD also show significantly positive associations between foreign ownership and firm performance.
While North American Well Services revenues increased by some 14% over the comparable nine months of 1997, EBITD and earnings have declined.
The consideration (GBP 195 M on a debt free basis) gives an EBITD multiple of 6.
8 TWh of electricity, recording revenue amounting to ITL36,767 billion and EBITD and EBIT of ITL14,666 billion and ITL8,311 billion respectively.
As of December 31, 1996, Jay's nine month net sales of CDN$31 million and EBITD of CDN$5.