EBITDA, or Earnings Before Interest, Taxes, Depreciation and Amortization, has been used by analysts and investors to measure the fiscal health of the many high-tech, media and other asset-heavy firms that do not generate earnings, but instead incur plenty of depreciation, amortization and other charges. Recently, however, EBITDA has come under fire for contributing to accounting irregularities at such companies as WorldCom and AOL Time Warner.
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