FCF（フリーキャッシュフロー）

純現金収支のこと。企業の本来の事業活動から得られるキャッシュフローに法人税、運転資本の増減及び設備投資額を加減したもので、キャッシュフローを基礎とした指標を求める際の重要なファクターになります。

フリーキャッシュフロー

＝営業利益×（1－実効税率）＋減価償却費－設備投資±運転資本の増減額

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