What Is EBITDAR? Earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) is a non-GAAP tool used to measure a company’s financial performance. Although EBITDAR does not appear on a company’s income statement, it can be calculated using information from the income statement. Key Takeaways EBITDAR is a profitability measure like EBIT or
What Is EBITDARM? EBITDARM (earnings before interest, taxes, depreciation, amortization, rent, and management fees) is a selective earnings metric employed to measure the financial performance of certain companies. EBITDARM is compared to more common measures, such as EBITDA, when a company’s rent and management fees represent a larger-than-normal percentage of operating costs. Key Takeaways EBITDARM stands for earnings before
What Is EBITDAX? EBITDAX is an indicator of financial performance that is used when reporting earnings, specifically for oil and mineral exploration companies. The acronym stands for “Earnings Before Interest, Taxes, Depreciation (or Depletion), Amortization, and Exploration Expense.” Key Takeaways EBITDAX is a valuation metric used for oil and gas companies that measures a firm’s
What Is the EBIT/EV Multiple? The EBIT/EV multiple, shorthand for earnings before interest and taxes (EBIT) divided by enterprise value (EV), is a financial ratio used to measure a company’s “earnings yield.” The concept of the EBIT/EV multiple as a proxy for earnings yield and value was introduced by Joel Greenblatt, a noteworthy value investor
What Is an Employee Buyout (EBO)? An employee buyout (EBO) is when an employer offers select employees a voluntary severance package. The package usually includes benefits and pay for a specified period of time. An EBO is often used to reduce costs or avoid or delay layoffs. An employee buyout (EBO) may also refer to
What Is the Employee Benefits Security Administration (EBSA)? The Employee Benefits Security Administration (EBSA) oversees and enforces provisions of the Employee Retirement Income Security Act of 1974 (ERISA). As an agency of the Department of Labor (DOL), EBSA is charged with enforcing the rules governing the conduct of plan managers, the investment of plan assets, the reporting
What Is Earnings Before Tax (EBT)? Earnings before tax (EBT) is a measure of financial performance. It reveals a company’s earnings before taxes are deducted, is calculated by subtracting all expenses excluding taxes from revenue, and appears as a line item in the income statement. EBT is sometimes also called pre-tax income, profit before tax
What Is eCash? eCash was a digital-based system that facilitated the transfer of funds anonymously. A pioneer in cryptocurrency, its goal was to secure the privacy of individuals that use the Internet for micropayments. eCash was created by Dr. David Chaum under his company, DigiCash, in 1990. Though there was interest in the platform from large
What is the ECB Announcement An ECB Announcement refers to the publication of any changes to monetary policy made by the governing council of the European Central Bank (ECB). The governing council is the primary decision-making body of the ECB, which acts as the central bank of the eurozone. Understanding the ECB Announcement ECB Announcements are
What Is an Electronic Communication Network (ECN)? An electronic communication network (ECN) is a computerized system that automatically matches buy and sell orders for securities in the market. ECN trading is especially helpful when investors in different geographic areas wish to complete a secure transaction without the use of a third party. Key Takeaways An
