Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses - EBITDAX
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Definition of 'Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses - EBITDAX'
An indicator of a company's financial performance calculated as:
= Revenue - Expenses (excluding tax, interest, depreciation, depletion, amortization and exploration expenses)
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Investopedia explains 'Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses - EBITDAX'
EBITDAX is used when reporting earnings for oil and mineral exploration companies. It excludes costly exploration expenses and gives the true EBITDA of the firm.
This is especially useful when a company wants to acquire another company. The EBITDAX would cover any loan payments needed to finance the takeover.
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Search results for 'Earnings Before Interest, Taxes, Depreciation, Depletion, Amortization and Exploration Expenses (EBITDAX)'
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http://www.investopedia.com/articles/basics/11/common-multiples-used-in-oil-and-gas-valuation.asp
... of the EV/EBITDA ratio is the EV/earnings before interest, taxes, depreciation,
depletion, amortization and exploration expenses ratio (EBITDAX), which is ...
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http://www.investopedia.com/articles/stocks/10/investing-in-natural-gas-guide.asp
... that means earnings before interest, taxes, depreciation, amortization and ... Interest
expense, $8,360. Depreciation, depletion, amortization and accretion, $52,587 ...
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