How to Calculate EBITDA - Complete Investment Banking Tutorial & Walkthrough

A walk-through on how to calculate EBITDA (Earnings Before Interest, Taxes, Depreciation & Amortization) for Steel Dynamics. By “Financial Modeling Training And Career Resources For Aspiring Investment Bankers“ EBITDA is important NOT because it is a good “proxy for cash flow“ - as is commonly claimed by financiers and some academic sources - but rather because it lets you more easily compare different companies’ valuations, especially companies with different capital stru