What is the formula for unlevered free cash flow?

Published On - January 3, 2023

Josh Corporate Banking / Commercial Banking / Private Debt, Corporate Development, Financial Modeling, FP&A, Investment Banking, Private Equity

Unlevered Free Cash Flow (UFCF) = EBIT x (1 – Tax Rate) + Depreciation and Amortization – Capital Expenditures – Change in Net Working Capital