EBIDAX Banking Abbreviation

Earnings Before Interest, Depreciation, Amortization and Exploration

Earnings Before Interest, Depreciation, Amortization, and Exploration (EBIDAX) is a non-GAAP indicator that may be used to assess an oil, gas, or mineral company's financial strength or performance. Exploration expenses vary depending on the methods used and the expenditures involved. The elimination of the exploration section of the balance sheet provides for a more accurate comparison of energy businesses.