A financial metric unique in oil, gas and mineral firms. The metric is similar to EBITDA as it allows stakeholders to have a more accurate presentation of the earnings generated by the company. Interest, depreciation, amortization and exploration costs are excluded since there are various methods of accounting for these costs.
Related information about earnings before interest, depreciation, amortization and exploration (EBIDAX):
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Definition of 'Earnings Before Interest, Depreciation, Amortization and Exploration - EBIDAX'. An earnings metric used in the evaluation of oil, gas and mineral ...
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Earnings Before Interest, Depreciation, Amortization and Exploration - EBIDAX An earnings metric used in the evaluation of oil, gas and mineral firms.
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