Earnings Before Interest, Depreciation, Amortization and Exploration - EBIDAX


DEFINITION of 'Earnings Before Interest, Depreciation, Amortization and Exploration - EBIDAX'

An earnings metric used in the evaluation of oil, gas and mineral firms. The metric is used in a similar manner to the way that EBITDA is used for other firms, and allows investors and other stakeholders to get a better idea of the true earnings-generating capacity of the firm without the obscuring the effects of accounting rules.

BREAKING DOWN 'Earnings Before Interest, Depreciation, Amortization and Exploration - EBIDAX'

EBIDAX is one of several earnings metrics that may be employed by analysts to evaluate the financial strength of an oil, gas or mineral firm. Exploration costs are excluded because there are different methods than can be used to account for exploration costs in oil and gas accounting. Excluding these costs allows for a more accurate comparison to the firm's competitors, who may use different accounting methods.

  1. Non-GAAP Earnings

    An alternative earnings measure of the performance of a company. ...
  2. Accounting Earnings

    The amount of money a company has earned during a given period, ...
  3. Earnings

    The amount of profit that a company produces during a specific ...
  4. Operating Earnings

    Profit earned after subtracting from revenues those expenses ...
  5. Normalized Earnings

    1. Earnings adjusted for cyclical ups and downs in the economy. ...
  6. EBITDA - Earnings Before Interest, ...

    Learn what EBITDA is, watch a short video to learn more and with ...
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