%0 Journal Article %A John C. Calabrese %A Brigid A. Rafferty %T Assessing Profitability %B Shortfalls of Traditional Measures %D 2003 %R 10.3905/jpe.2003.320045 %J The Journal of Private Equity %P 13-15 %V 6 %N 3 %X There are definite recognized advantages to having widespread acceptance of a single measure with which to benchmark the performance of a business. Recently, EBITDA has received a lot of attention and focus for this purpose. John Calabrese and Brigid Rafferty, Principals with TRG, examine how a cash crisis can result due to misunderstandings surrounding the measurement of EBITDA. There is no substitution for a thorough analysis and understanding of the transactions recorded in a company's financial statements and projections. %U https://jpe.pm-research.com/content/iijpriveq/6/3/13.full.pdf