PT  - JOURNAL ARTICLE
AU  - John C. Calabrese
AU  - Brigid A. Rafferty
TI  - Assessing Profitability
AID  - 10.3905/jpe.2003.320045
DP  - 2003 May 31
TA  - The Journal of Private Equity
PG  - 13--15
VI  - 6
IP  - 3
4099  - https://pm-research.com/content/6/3/13.short
4100  - https://pm-research.com/content/6/3/13.full
AB  - 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.