Accountancy
Key concepts
Accountant · Bookkeeping · Trial balance · General ledger · Debits and credits · Cost of goods sold · Double-entry system · Standard practices · Cash and accrual basis · GAAP / IFRS
Financial statements
Balance sheet · Income statement · Cash flow statement · Equity · Retained earnings
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Financial audit · GAAS · Internal audit · Sarbanes–Oxley Act · Big Four auditors
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Cost · Financial · Forensic · Fund · Management · Tax
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Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring or Rent Costs (EBITDAR) is a non-GAAP metric that can be used to evaluate a company's financial Performance.

EBITDAR = Revenue - Expenses (excluding tax, interest, depreciation, amortization and restructuring or rent costs)

Depending on the company and the goal of the user, the indicator can include either restructuring costs or rent costs, but usually not both. The EBITDAR indicator expands on EBITDA by adding an additional excluded item to give a better indication of the company's financial performance.

EBITDAR, when evaluating the impact of rent expense is often used by retail businesses. Typically, in such an analysis the rent expense will be capitalized and added to the net debt of the company in order to better understand the leverage levels in the company's capital structure.

[edit] See also

• Earnings before interest, taxes, depreciation and amortization(EBITDA)
• Revenue
• Gross profit
• Earnings before interest and taxes (EBIT), or operating profit
• Net profit or Net income
• EV/EBITDA
• P/E ratio

[edit] References

• Investopedia definition of EBITDAR