Definition
EBITDA after Lease payments – A variant of EBITDA that subtracts cash lease payments (rent for towers, real estate, network sites, etc.) before arriving at the profitability figure, rather than treating them as a financing cost below the line the way standard EBITDA does under IFRS 16/Ind AS 116 lease accounting. Telecom and retail companies with large leased-asset footprints (tower leases especially) increasingly disclose this measure because standard EBITDA can otherwise flatter a business that leases most of its physical network instead of owning it outright. Found In: Earnings Presentation, Press Release (non-IFRS/non-GAAP reconciliation)