This is a more practical assessment of earnings that with just EBITDA. It stands for EBITDA minus capital expenditures.
Related information about EBITDA - capex:
- What is EBITDA - capex? definition and meaning
 Definition of EBITDA - capex: This is a more practical assessment of earnings that   with just EBITDA. It stands for EBITDA minus capital expenditures.
 
- Competitive Telecom Trends: (EBITDA-Capex)/Revenue | Telecom ...
 On this page, the ratio of ebitda less capex to revenue is plotted for a spectrum of   US service providers that primarily target the wholesale and enterpris.
 
- Key Factors in M&A Transactions - DAI CAPITAL ADVISORS INC.
 For capital intensive businesses, EBITDA-CAPEX is more appropriate, since it   accounts for the necessary capital reinvestment to maintain and/or grow the ...
 
- Free cash flow - Wikipedia, the free encyclopedia
 Unlevered Free Cash Flow (i.e., cash flows before interest payments) is defined   as EBITDA - capex - changes in net working capital - taxes. This is the generally ...
 
- EBITDA vs. Operating Cash Flow vs. Free Cash Flow | Wall Street Oasis
 Jan 2, 2012 ... That's exactly why LBOs calculate Fixed Cover Charge ratios and utilize EBITDA   - CAPEX... EBIT can be done but this assumes that the assets ...
 
- is EBITDA the best valuation metric
 Jul 21, 2010 ... An adjustment that one can make is to look at. EV / EBITDA – Capex. After   accounting for capex if the valuation is not as attractive, then you can ...
 
- EBITDA: Often Criticized, But Still Useful - Seeking Alpha
 Oct 20, 2012 ... EBITDA is often also used relative to debt or interest and actual Capex levels (  e.g. [EBITDA - Capex]/Interest). These ratios are more useful for ...
 
- Goizueta Student Clubs and Organizations
 A. EBITDA/interest expense: shows ability of the firm to generate sufficient cash   flow to cover fixed charges; (EBITDA-Capex)/interest expense: shows ability to ...