EBIT vs EBITDA

EBIT does not deduct depreciation and amortization, while EBITDA does

EBIT and EBITDA are interchangeable terms

EBIT and EBITDA are both approved metrics under GAAP

EBIT includes non-cash expenses, while EBITDA includes only cash expenses (correct)

EBIT and EBITDA are not approved metrics under GAAP and cannot be used for statutory reporting requirements (correct)

EBITDA is an approved metric under GAAP, while EBIT is not

EBIT and EBITDA can be used by public companies to fulfill statutory reporting requirements

EBIT is an approved metric under GAAP, while EBITDA is not

Non-cash expenses related to assets (correct)

Depreciation and amortization expenses

Only cash expenses

No expenses are deducted