What is EBIT AND EBITDAS & its important in reporting ?

EBIT is the earnings before interest and tax

EBITDA is the earning before interest, tax, depreciation and amortization.

The first is measuring profitability of the business before the calculation of the interest and tax but depreciation and amortization are included.

The second is measuring the business profitability but the calculation of interest, tax, depreciation and amortization. this one is used mainly for the cash flow analysis, how much the business is generating cash from its core operations.

EBIT is Earning Before Interest and Tax

EBITDA is Earning before Interest, Tax, Depreciation and Ammortization

EBIT is generally an earning indicator for equity holders while EBITDA is for loan providers.

EBIT= Earning Before Interest & Tax

EBITDA= Earning Before Interest, Tax, Depreciation, & Amortisation 

& it's not one of Official analyses tools in IFARS, but its important for some other goals.

EBIT= Earning Before Interest and Tax. It shows a company's operating earning before Interest and Tax but after depreciation.

EBITDA= Earning before interest, tax, depreciation and amortization. EBITDA calculates earning before interest , tax, depreciation and amortization.

These are used to measure the profitability position of a business and also to compare with other companies in the same industry. 

EBIT is Earning Before Interest and Tax

EBITDA is Earning before Interest, Tax, Depreciation and Ammortization

EBIT is used to calculate Earning Per Share.

EBITDA is used to know the Profit from Operation. 

EBIT also known as Profit before Interest & Taxes (PBIT), EBIT equals Net Income with interest and taxes added back to it.

EBIT =

Revenue - COGS- Operating Expenses

EBITDAS is a non-GAAP financial measure. EBITDAS is defined as net income (loss) before income taxes, interest income, depreciation and amortization, and stock-based compensation.

EBITDAS = Revenue – Expenses (excluding interest, taxes, depreciation and amortization & stock-based compensation)

Importance:-

EBIT is a measurement of credit risk before a loan is granted and not so much as a tool for determining the profitability of the company as an investment outlet.

EBITDAS = A measurement of a company's operating profitability.

I agree with all of above answers but the first by Mr Ezzidin Ibrahimis the first who answer , accordingly its the first one we should agree as all answers the same , wish if we all agree with answer we should support it as if we can't add any more value or means to the answer.