earnings before interest, depreciation, amortization and exploration (EBIDAX)

Definition

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.
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Earnings Before Interest and Taxes Earnings before Interest, Tax, Amortization and Exceptional Items (EBITAE)