I was asked by a banker the other day: If I was to give you the beginning and ending balance sheet, how would you derive EBITDA?
Anyone know?
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Well, I think you could only do so if you were to work with assumptions.
Net Income you can just assume to be the difference in retained earnings. Interest you would have to make an assumption about the interest paid on the debt on the BS. Taxes you can make an assumptions about the tax rate and then work with your NI derived from the Retained Earnings. D&A you can assume to be the difference between PPEs.
That's the only way I can think of.
And assume no dividends.
NI = Difference between retained earnings Taxes = assume 35% Interest = look at debt and assume interest rate Depreciation = look at PP&E difference
This is really really high level and assumes no CapEx too.
That is such a retarded question. I think this banker bro was just messing with you. You can't just make up interest rates and tax rates from looking at a balance sheet.
I totally agree...
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