**Cash Earning per Share Formula** is used by the investors and analysts to find the financial performance of the company. Cash EPS **Formula** has the following 2 equations.

**Cash EPS= Operating Cash flow/Number of Shares Outstanding**

**OR**

**Cash EPS = [Net Income + Depreciation and amortization x ( 1- Tax )]/Number of shares outstanding**

In the first formula, there is the inclusion of the change in the **working capital** due to which both formulas have a different result. For the calculation of the accurate Cash EPS, identification of noncash element in the income statement is necessary. Here you can learn about the **Definition** of **Cash earning per share.**

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