Formula
- Use the units shown beside each field.
- Results update automatically whenever you change an input.
- Displayed values use up to four decimal places, or scientific notation for very small or large numbers. Calculations use standard floating-point arithmetic; exact integer and fraction tools identify their own precision rules.
- Positive working-capital change consumes cash; net borrowing is debt issued less principal repaid. Use the same currency and reporting period for all monetary inputs. No live data or jurisdiction-specific accounting adjustments are inferred.
Example Calculation
- Net income: 100
- Depreciation and amortization: 20
- Capital expenditure: 50
- Increase in working capital: 10
- Net borrowing: 15
Net income = 100; Depreciation and amortization = 20; Capital expenditure = 50; Increase in working capital = 10; Net borrowing = 15. The primary result is 75.
Frequently asked questions
How do I use this calculator?
Enter net income, depreciation and amortization, capital expenditure, increase in working capital, net borrowing. The result updates automatically. Use Reset to restore the example values.
What method does it use?
FCFE=net income+D&A−capex−Δworking capital+net borrowing.. Positive working-capital change consumes cash; net borrowing is debt issued less principal repaid. Use the same currency and reporting period for all monetary inputs. No live data or jurisdiction-specific accounting adjustments are inferred.
Why might a rounded result differ?
The calculation keeps full numeric precision internally, then rounds the displayed result. Rounding intermediate steps by hand can produce a slightly different answer.
Are my inputs saved online?
No. This calculator processes your inputs in your browser. A recently used list stores only calculator names on this device, not your entered values.
Check the assumptions and units before using this result. Read about calculation methods.