Course curriculum

    1. The Pitfalls of Using EBITDA (Including Key Covenant Implications)

    2. The Goals of this Presentation

    3. How Will We Achieve This?

    4. EBITDA: The Basics

    5. Pitfall 1: EBITDA Ignores Revenue Recognition

    6. Pitfall 2: EBITDA Says Little About the Quality of Earnings

    7. Pitfall 3: EBITDA Ignores Changes in Working Capital

    8. Pitfall 4: EBITDA Fails to Fully Consider Reinvestment

    9. Pitfall 5: EBITDA Provides Limited Insight into Liquidity

    10. Pitfall 6: In Comparing Multiples, EBITDA Falls Short

    11. Pitfall 7a: Going Full Kafkaesque with Adjustments

    12. Pitfall 7b: And the Docs Can Exacerbate the Analysis

    13. Pitfall 7c: Calculation Flexibility and a Lack of Transparency

    14. Q&A

    15. Summary: What We Learned Today

About this course

  • Free
  • 15 lessons
  • 0.5 hours of video content

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