Definitions 
EBITDA is a profit ratio and stands for Earnings Before Interest, Tax, Depreciation and Amortisation.
This indicator is used to calculate the profitability of a company and provides a measure of how much money it has generated before deductions. For example, items such as the financing of the working capital, expenses for equipment renewal, taxes and other assets, need to be deducted.
EBIDTA offers a weak representation of a company profitability because it conceals actual earnings, and investors may preder to use different financial indicators such as the Free Cash Flow(FCF), where the capital expenditures are subtracted from the operating cash flow.
