Use variable names from the panel above (e.g. FV, r, n) — or type numbers directly: 10000 / (1 + 0.08)^10
EBIT
Earnings Before Interest and Tax
EBIT = 300
tax% as decimal
Tax rate (decimal)
tax = 0.25
DA
Depreciation & Amortisation
DA = 60
capex
Capital expenditures
capex = 80
delta_wc
Change in working capital
delta_wc = 20
💡 You can also enter values directly in the formula: 10000 / (1 + 0.08)^10
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⬇ Export Calculation
Exports a plain .txt file with your expression, formula, all variable values, result, and educational notes — ready to paste into any report, Word doc, Notion, or Google Docs.
The exported file includes the formula in standard mathematical notation — you can paste it directly into Excel, Google Sheets, or back into FinanceSheep.
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Learn: How Much Cash Does the Whole Business Generate?
Estimating Cash Flows · Educational Guide
The Core Idea
Think of FCFF as the cash the business generates for everyone who has funded it — both lenders and owners. It's the purest measure of business performance because it ignores how the company is financed.
How It Works
FCFF = NOPAT − Net Reinvestment. NOPAT (after-tax operating profit) is what the business earns for all providers. We subtract what must be reinvested (capex minus D&A plus working capital increases) to get available cash.