Definition
Earnings Before Interest, Tax, Depreciation and Amortization – A profitability measure that strips out financing costs, tax expense, and non-cash depreciation/amortization to show core operating cash-generating power before capital-structure and accounting-policy differences get in the way. Companies often define their own starting point and add-back list, so always check what's actually included before comparing one company's EBITDA to another's — see also Adjusted EBITDA. Found In: Income Statement (non-IFRS/non-GAAP reconciliation)