Subj : Re: EBITDA vs retained earnings
To   : Arun Sahadeo
From : Aaron Thomas
Date : Fri Jun 13 2025 08:16:33

 AS> Am I right in thinking that the expenses deducted from retained earnings
 AS> are more comprehensive than those added back to EBITDA? Retained
 AS> earnings would, I guess, cover additional expenses like employee
 AS> compensation, whereas EBITDA would only cover taxes, interest on loan
 AS> payments, depreciation and amortisation.

That sounds mostly right, but I don't think that interest on loan payments is EBITDA.

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