Ex interest and Owner earnings: Difference between pages

Revision as of 14:20, 23 October 2012

Owner earnings are defined briefly as:

Earnings after tax; ADD Depreciation and certain other non-cash charges; LESS Capital expenditure requirements; LESS Working capital requirements.

@@ Line 1: / Line 1: @@
-(Ex int).
+Owner earnings are defined briefly as:
-. In relation to the transfer of a traded debt instrument, a transfer excluding the entitlement to receive the next interest payment.
+Earnings after tax;
+ADD
+Depreciation and certain other non-cash charges;
+LESS
+Capital expenditure requirements;
+LESS
+Working capital requirements.
-. A basis of quoting traded debt prices which excludes the entitlement to receive the next interest payment.
+== See also ==
+* [[Earnings]]
-== See also ==
-* [[Cum interest]]