Losses expanded at a faster clip than did revenue, and EBITDA kept slipping. 亏损的速度超过了营收,息税折旧摊销前利润继续下滑。
Even though Zynga missed quarterly earnings numbers in its first two quarters as a public company and slashed its 2012 EBITDA outlook in half, the company is still making money. 尽管这家上市公司今年头两个财季的季度营收未能达标,还把2012年预期息税折旧摊销前利润(EBITDA)削减了一半,但公司仍在赚钱。
That works out to an enterprise value of more than nine times earnings before interest, tax, depreciation and amortisation. 这一出价相当于TNT的企业价值为息税折旧和摊销前利润(EBITDA)的9倍多。
Debt is also on the rise in Europe, albeit from lower levels: 4.7 times ebitda on average this year, compared with 6.1 in 2007. 欧洲并购交易中的债务资金规模也在提高,尽管幅度相对较低&今年的并购债务资金平均是ebitda的4.7倍,而2007年则是6.1倍。
Its revenue and EBITDA have consistently climbed in each year since going public, and there is plenty of cash on hand without a single cent of debt. 自从上市以来,它的营收和EBITDA(息税折旧及摊销前利润)一直在稳步攀升,另外Groupon还坐拥大笔现金,而且没有一分钱的债务。
Ebitda, meanwhile, is expected to increase by a modest 3.7%. 与此同时,息税折旧摊销前收益预计将小幅增长3.7%。
Net debt to EBITDA, at 2.4 times, is well within covenant ceilings. 净负债与ebitda的比率为2.4,远低于规定的上限。
Revenues at the mobile operator picked up 16 per cent last year and EBITDA surpassed capital expenditure for the first time. 这家移动运营商去年的收入增幅达到16%,其ebitda也首次超过了资本支出。
Private equity-owned Harrah's, whose total debt of about$ 22bn is a hefty 11 times last year's earnings before interest, tax, depreciation and amortisation, is in a different position. 私人股本公司拥有的哈拉娱乐集团(Harrah's)的情况则不同。该公司约220亿美元的总债务,是去年未计利息、税项、折旧及摊销前利润(EBITDA)的足足11倍。
They will outperform those wedded to market share, EBITDA growth, or EPS management. 他们的表现将胜过那些执着于市场份额、ebitda增长或每股盈利管理的企业。
EBITDA as a proportion of revenues has to double to 20 per cent and stay there. ebitda占收入之比应翻一番至20%,并保持下去。
But Ebitda last year was a third higher than the period just before the buyout, due mainly to cost control. 不过,去年Ebitda较收购前那段时期增加了三分之一,这主要是成本控制的结果。
The sector is certainly flush average net debt is 0.2 times earnings before interest, tax, depreciation and amortisation, compared with a 1.1 times historic average but more M& A would be a daft use of resources. 该行业现在无疑是财大气粗平均净负债仅为未计利息、税项、折旧及摊销前利润(ebitda)的0.2倍,远低于1.1倍的历史平均水平但更多的并购行为,将是愚蠢地滥用资源。
Earnings before interest, taxes, depreciation and amortisation ( ebitda) rose only 11.6 per cent because half of the company's new users were from rural areas, where people tend to spend less. 该公司全年未计利息、税项、折旧及摊销前的利润(EBITDA)仅增长11.6%,这是因为它有一半新用户来自农村地区,那里的人们往往开销较少。
Kraft is also offering an enterprise value of 13 times 2009 earnings before interest, tax, depreciation and amortisation, below recent big food industry deals. 此外,卡夫对吉百利企业价值(EV)的估值为2009年利息、税项、折旧及摊销前利润(ebitda)的13倍,低于近来食品业重大交易的水平。
Underlying earnings before interest, tax, depreciation and amortisation a proxy for cash flow fell between 20 and 40 per cent from the second half of last year to the first half of this year. 从去年下半年到今年上半年,潜在的息税折旧及摊销前利润(ebitda)现金流的替代指标下滑了20%到40%。
Remember that EBITDA is similar to pre capex, pre working capital cash generation. 请记住,EBITDA类似于先期的资本性支出、先期的流动资本现金投入。
It is then a hop to forecast earnings before interest, tax, depreciation and amortisation and, thus, future free cash flows. 由此就能预测出它的息税折旧摊销前利润(Ebitda)和未来的自由现金流。
Companies were leveraged heavily, with as much as seven times net debt to earnings before interest, tax, depreciation and amortisation ( EBITDA). 这些公司的杠杆率很高,净负债与利息、税项、折旧和摊销前利润(ebitda)之比高达7倍。
In an interview with the Financial Times, Mr Wang says that competition could erode China Mobile's market share and its profit margin at the level of earnings before interest, tax, depreciation and amortisation. 王建宙在接受英国《金融时报》采访时表示,竞争可能会侵蚀中国移动的市场份额及按照利息、税项、折旧和摊销前利润(Ebitda)计算的利润率。
The tax burden will impact our EBITDA significantly, and will influence strategic decision on M& A project. 税收负担将严重影响我们利息税贬值前利润和分期偿付利润,同时也将影响M&A项目的战略性决策。