“FCF is calculated as:EBIT(1-Tax Rate) + Noncash expense - Noncash revenue - required cash balance - Change in non cash operating working capital - Capital ExpenditureIt”
如以上公式,FCF是从EBIT开始减的,很明显其中减去了TAX,但是Interest是何时减的?计算FCF的时候,不用减去interest嘛?为什么?
求大神指点!谢谢!