如何计算Free Cash Flow
learn.whatIsHeading
Free Cash Flow (FCF) = Operating cash flow - Capital expenditures. Shows cash available to debt/equity holders after reinvestment.
分步指南
- 1Calculate operating cash flow from statement
- 2Subtract capex for maintenance and growth
- 3FCF shows true distributable cash
例题解析
输入
Operating CF $500M, capex $150M
结果
FCF = $350M available for shareholders/debt
Often differs from net income
常见错误注意事项
- ✕Using net income instead of OCF
- ✕Not separately tracking maintenance vs. growth capex
常见问题
Why is FCF important?
Better than earnings for valuation; cash flows matter, not accounting adjustments.
准备好计算了吗？尝试免费的 Free Cash Flow 计算器
自己尝试一下 →