A critical exploration with Lalit Hoipcholo regarding the questionable nature of adjusted EBITDA in the wake of COVID-19, revealing concerns about its accuracy and the false representation of a company's profitability.
In this episode, hosts Shweta Rao and Peter Washkowitz speak to JO Hambro Capital Management’s Head of Credit Lale Topcuoglu about the consequences of EBITDA add-backs in a declining credit market, challenges faced by investors working with “fictional” numbers, Covid-19-related EBITDA adjustments and the information asymmetries in the market creating “haves” and “have-nots”.
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