human
Explain what an EBITDA is and why it's important.
assistant
EBITDA stands for Earnings Before Interest, Taxes, Depreciation and Amortization. It is a measure of a company's financial performance before making decisions about non-cash expenses such as depreciation and amortization, interest and taxes. It is often used as a measure of a company's operating performance since it allows analysts to assess a company's profitability without taking into account certain non-cash expenses. EBITDA is especially important to assess a company's profitability and financial health since it gives a more accurate picture of performance than a company's net income.