BROWSE

EBITDARM

What is 'EBITDARM'

A financial performance measure that stands for earnings before interest, taxes, depreciation, amortization, rent and management fees. EBITDARM is used in comparison to more common measures such as EBITDA when a company's rent and management fees represent a larger-than-normal percentage of operating costs.


Explaining 'EBITDARM'

EBITDARM is not a measure in accordance with generally accepted accounting principles (GAAP), but is instead used for internal analysis and for presentation to investors and creditors. It is also reviewed by credit rating agencies when assessing a company's overall debt servicing ability and credit rating, which is an important factor, as many of the companies who present this measure carry high debt loads.

EBITDARM is most likely to be found in the statements of a healthcare company, such as a hospital or nursing facility operator. Industries such as these often lease the spaces they use, so rent fees can become a major operating cost. EBITDARM may be measured against rent fees to see how effective capital allocation decisions are within the company, and to review its ability to service debt.

Measures like EBITDARM are most informative to investors if they are examined in conjunction with net earnings and more refined non-GAAP measures like EBITDA and EBIT.


Further Reading


The increasing importance of UK healthcare property as an alternate property sector
www.emerald.com [PDF]
… Efficiency is also a favourite topic for economists, but not everybody agrees on its meaning … finance, banking, agriculture, environmental economics, development economics, etc.). As suggested in this subchapter, a complicated phenomenon such as economic efficiency may be …

Hexion v. Huntsman: Elaborating the Delaware MAC StandardHexion v. Huntsman: Elaborating the Delaware MAC Standard
papers.ssrn.com [PDF]
… Efficiency is also a favourite topic for economists, but not everybody agrees on its meaning … finance, banking, agriculture, environmental economics, development economics, etc.). As suggested in this subchapter, a complicated phenomenon such as economic efficiency may be …

Canceling the Deal: Two Models of Material Adverse Change Clauses in Business Combination AgreementsCanceling the Deal: Two Models of Material Adverse Change Clauses in Business Combination Agreements
heinonline.org [PDF]
… Efficiency is also a favourite topic for economists, but not everybody agrees on its meaning … finance, banking, agriculture, environmental economics, development economics, etc.). As suggested in this subchapter, a complicated phenomenon such as economic efficiency may be …

DEFINITIONS AND TRENDS IN NON-GAAPDEFINITIONS AND TRENDS IN NON-GAAP
books.google.com [PDF]
… Efficiency is also a favourite topic for economists, but not everybody agrees on its meaning … finance, banking, agriculture, environmental economics, development economics, etc.). As suggested in this subchapter, a complicated phenomenon such as economic efficiency may be …

The Analysis of the Operative Profit Margin of Trade Companies in SerbiaThe Analysis of the Operative Profit Margin of Trade Companies in Serbia
www.ceeol.com [PDF]
… Efficiency is also a favourite topic for economists, but not everybody agrees on its meaning … finance, banking, agriculture, environmental economics, development economics, etc.). As suggested in this subchapter, a complicated phenomenon such as economic efficiency may be …


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