Finance / CALCULATOR

Cash Flow to Firm

Cash Flow to Firm: a supplied-input model with explicit assumptions and a worked example.

Runs on your deviceUpdates as you typeFormula & example ↓
01

Your inputs

Adjust the values to explore a different result.

Enter ebit.
%
Enter tax rate in %.
Enter depreciation and amortization.
Enter capital expenditure.
Enter increase in operating working capital.

Formula

FCFF=EBIT(1−tax)+D&A−capex−Δworking capital.
  • 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.
  • Simplified unlevered cash flow; tax shield availability is assumed. No capital structure or valuation forecast.

Example Calculation

Example inputs
  • EBIT: 100
  • Tax rate: 25 %
  • Depreciation and amortization: 20
  • Capital expenditure: 30
  • Increase in operating working capital: 10

EBIT = 100; Tax rate = 25 %; Depreciation and amortization = 20; Capital expenditure = 30; Increase in operating working capital = 10. The primary result is 55.

Frequently asked questions

How do I use this calculator?

Enter ebit, tax rate, depreciation and amortization, capital expenditure, increase in operating working capital. The result updates automatically. Use Reset to restore the example values.

What method does it use?

FCFF=EBIT(1−tax)+D&A−capex−Δworking capital.. Simplified unlevered cash flow; tax shield availability is assumed. No capital structure or valuation forecast.

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.