RT Journal Article
SR Electronic
T1 Assessing Profitability
JF The Journal of Private Equity
FD Institutional Investor Journals
SP 13
OP 15
DO 10.3905/jpe.2003.320045
VO 6
IS 3
A1 John C. Calabrese
A1 Brigid A. Rafferty
YR 2003
UL https://pm-research.com/content/6/3/13.abstract
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.