EBITDA variants
Related non-generally accepted accounting principles (GAAP) earnings measures with different exclusions. EBITDAR, EBITDARM, EBITDAX and EBIDA are members of this family, not synonyms for the category; their definitions and reconciliations must be checked.
EBITDA variants in practice
Hypothetical: compare a property owner with a tenant. earnings before interest, taxes, depreciation and amortization (EBITDA) already excludes the owner’s depreciation, while rent expense may remain for the tenant. Adding back rent in EBITDAR can assist a particular comparison, but does not neutralize every ownership, accounting or cash-cost difference.
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| Metric | Addbacks to net income under this formulation |
|---|---|
| EBITDAR | Interest, income taxes, depreciation, amortization and rent |
| EBITDARM | Interest, income taxes, depreciation, amortization, rent and management fees |
| EBITDAX | Interest, income taxes, depreciation, amortization and exploration expense |
| EBIDA | Interest, depreciation and amortization; income tax retained |
Terms Related to EBITDA variants
Adjusted EBITDA · EBITDA · Community adjusted EBITDA · Seller’s discretionary earnings (SDE) · All of the glossary