"EBITDA Positive" A Misleading Metric?

Most startups in India nowadays present their financials using the word 'EBITDA', but this doesn't give a full picture to their numbers.

The Earnings Before Interest, Taxes, Depreciation and Amortization (or EBITDA) is a measure of the operating profitability of a company.

Basically, does a company sell it's products at a higher cost than it makes them for?

But there are other costs like Interest on debt, Asset depreciation, taxes, ESPOs extra, which aren't considered here.

A healthy metric to judge a company should be NET Profit and Profit after taxes (PAT)

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