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EBITDA Cash Proxy after Capex & Debt

Combine EBITDA with cash released from working capital, capital spending and required debt repayments in a simplified cash proxy.

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Calculator inputs

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How to use this calculator

  1. Enter the known values in the units shown. Results update as you type.
  2. Where results are editable, change one to solve backwards. Lock a value to hold it fixed.
  3. Use the worked example to check the method. Reset restores the starting fields.

Use the result with context

Results are estimates for planning and education. Confirm rates, taxes, fees, and legal requirements with the relevant institution or a qualified professional before making a financial decision.

Formula and method

EBITDA 1,000 plus working-capital cash release 100, less capex 200 and required debt repayment 300, gives a cash proxy of 600.

Cash proxy = EBITDA + working-capital cash release − capex − required debt repayment

Worked example

Enter these known values and leave the other values blank.

EBITDA
1000 USD
Working-capital cash release (negative for cash tied up)
100 USD
Capital spending
200 USD
Required debt repayments
300 USD
Simplified cash proxy before interest and taxes
600 USD

Assumptions and limitations

  • This retained EBITDA-based equation is a simplified cash proxy before interest and taxes. It is not a complete after-tax free-cash-flow-to-equity valuation.
  • Positive working-capital input means cash released by a decrease in operating working capital. An increase that ties up cash is entered as a negative value.
  • Capital spending and debt repayments are entered as nonnegative outflows. Negative EBITDA or a negative resulting cash proxy is permitted.
  • All inputs should cover the same entity and reporting period. Reconcile cash interest, taxes, noncash adjustments, new borrowing and other omitted financing flows separately when preparing full cash flow.
  • Currency conversions use the captured October 7, 2026 exchange-rate snapshot rather than live rates. Keep one currency when comparing amounts.
  • Arithmetic uses 64 significant decimal digits, with separate rounding for displayed values.

Common questions

How do I enter an increase in working capital?

An increase that uses cash is negative in this cash-release input. For example, 100 of additional inventory investment is entered as −100.

References

The cash proxy is labeled before interest and taxes, and working-capital input is explicitly a cash release, so increases that use cash have a negative sign.

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