A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and non-operating profit before the deduction of interest and income taxes. Depreciation and amortization expenses are not included in the costs.
EARNINGS BEFORE INTEREST¸ TAXES¸ DEPRECIATION AND AMORTIZATION (E.B.I.T.D.A.)
Meaning of EARNINGS BEFORE INTEREST¸ TAXES¸ DEPRECIATION AND AMORTIZATION (E.B.I.T.D.A.) in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012