By TheStreet Staff What Is EBITDA?EBITDA is the acronym for earnings before interest, taxes, depreciation, and amortization. As its name implies, it is income before interest expenses, tax payments and costs for depreciation, and amortization are deducted. For companies that are highly leveraged (having a lot more debt than equity usually indicates that interest costs can be high), have a high corporate tax rate, and have costs tied to the deteriorating value of equipment and intangible assets, explaining income on an EBITDA basis can be useful because it excludes expenses for interest, taxes,…