Earnings before interest, taxes, and depreciation (EBITD)
A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of interest and income taxes. Depreciation expenses are not included in the costs.
Nearby TermsEarnings before interest after taxes (EBIAT) Earnings before interest and, taxes (EBIT) Earnings before interest, taxes, and depreciation (EBITD) Earnings before interest, taxes, depreciation, and amortization (EBITDA) Earnings before taxes (EBT)
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University