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Earnings Before Interest, Depreciation, Amortization and Exploration (EBIDAX)

What is 'Earnings Before Interest, Depreciation, Amortization and Exploration - EBIDAX'

An earnings metric used in the evaluation of oil, gas and mineral firms. The metric is used in a similar manner to the way that EBITDA is used for other firms, and allows investors and other stakeholders to get a better idea of the true earnings-generating capacity of the firm without the obscuring the effects of accounting rules.

Explaining 'Earnings Before Interest, Depreciation, Amortization and Exploration - EBIDAX'

EBIDAX is one of several earnings metrics that may be employed by analysts to evaluate the financial strength of an oil, gas or mineral firm. Exploration costs are excluded because there are different methods than can be used to account for exploration costs in oil and gas accounting. Excluding these costs allows for a more accurate comparison to the firm's competitors, who may use different accounting methods.


Further Reading


Oil and gas company valuations
www.bvreview.org [PDF]
… This is in contrast to profit margins and growth … General Framework for Calculating Comparable Earnings Before Income Tax, Depreciation, Depletion, Amortization, and Exploration Costs (EBITDAX) … Approach and due to the difficulty of modeling corporate level income taxes for …

Company Valuation: Oil and Gas vs. Other SectorsCompany Valuation: Oil and Gas vs. Other Sectors
www.onepetro.org [PDF]
… This is in contrast to profit margins and growth … General Framework for Calculating Comparable Earnings Before Income Tax, Depreciation, Depletion, Amortization, and Exploration Costs (EBITDAX) … Approach and due to the difficulty of modeling corporate level income taxes for …

Total Economic Rents of Australia as a Source for Basic IncomeTotal Economic Rents of Australia as a Source for Basic Income
link.springer.com [PDF]
… This is in contrast to profit margins and growth … General Framework for Calculating Comparable Earnings Before Income Tax, Depreciation, Depletion, Amortization, and Exploration Costs (EBITDAX) … Approach and due to the difficulty of modeling corporate level income taxes for …

Value drivers in oil companies: an application of variance based structure equation modelValue drivers in oil companies: an application of variance based structure equation model
www.cmr-journal.org [PDF]
… This is in contrast to profit margins and growth … General Framework for Calculating Comparable Earnings Before Income Tax, Depreciation, Depletion, Amortization, and Exploration Costs (EBITDAX) … Approach and due to the difficulty of modeling corporate level income taxes for …

Exploring Valuation Differences Between Upstream and Midstream Sectors of the US Oil and Gas IndustryExploring Valuation Differences Between Upstream and Midstream Sectors of the US Oil and Gas Industry
repository.tcu.edu [PDF]
… This is in contrast to profit margins and growth … General Framework for Calculating Comparable Earnings Before Income Tax, Depreciation, Depletion, Amortization, and Exploration Costs (EBITDAX) … Approach and due to the difficulty of modeling corporate level income taxes for …

Valuation of exploration & production companiesValuation of exploration & production companies
search.proquest.com [PDF]
… This is in contrast to profit margins and growth … General Framework for Calculating Comparable Earnings Before Income Tax, Depreciation, Depletion, Amortization, and Exploration Costs (EBITDAX) … Approach and due to the difficulty of modeling corporate level income taxes for …



Q&A About Earnings Before Interest, Depreciation, Amortization and Exploration (EBIDAX)


Where can you find information about a company's earnings before interest, depreciation and amortization (EBITDA)?

You can find information about a company's earnings before interest, depreciation and amortization on its income statement or in its annual report.

Why are exploration costs excluded from the metric?

Different methods of accounting for exploration costs may be used by different firms.

Is there an example of how to calculate EBIDAX using Microsoft Excel?

Yes! Here is an example of how to calculate EBIDax using Microsoft Excel .

What is EBIDAX?

Earnings Before Interest, Depreciation, Amortization and Exploration.

What type of data do you need to calculate EBIDax with Microsoft Excel ?

You will need the following data to calculate your firm's EBIDAX with Microsoft Excel .

What does the acronym "EBIDAX" stand for?

The acronym "EBIDAX" stands for Earnings Before Interest, Depreciation, Amortization and Exploration.

How does EBIDAX differ from EBITDA?

EBITDA excludes depreciation while EBIDAX includes it.

What is another name for EBIDAX?

The other name for this metric is "Earnings Before Interest, Depreciation and Amortization."

How do you use a formula in MS Excel to calculate your firm's Earnings Before Interest ,Depreciation ,Amortization and Exploration (EBIDAX) ?

To use a formula in MS Excel to calculate your firm's Earnings Before Interest ,Depreciation ,Amortization and Exploration (EBIDAX) follow these steps .

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