Forrester Research (NAS:FORR) Interest Coverage

: 8.58 (As of Dec. 2022)

View and export this data going back to 1996. Start your Free Trial

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Forrester Research's Operating Income for the three months ended in Dec. 2022 was $6.3 Mil. Forrester Research's Interest Expense for the three months ended in Dec. 2022 was $-0.7 Mil. Forrester Research's interest coverage for the quarter that ended in Dec. 2022 was 8.58. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Forrester Research's Interest Coverage or its related term are showing as below:

FORR' s Interest Coverage Range Over the Past 10 Years
Min: 0.98 Med: No Debt Max: No Debt
Current: 17.06

FORR's Interest Coverage is ranked better than
50.32% of 771 companies
in the Business Services industry
Industry Median: 16.76 vs FORR: 17.06

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Forrester Research Interest Coverage Historical Data

The historical data trend for Forrester Research's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Forrester Research Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Coverage

No Debt

0.98

4.11

9.23

17.06

Forrester Research Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Interest Coverage																11.83	10.56	38.70	14.65	8.58

Competitive Comparison

For the Consulting Services subindustry, Forrester Research's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Forrester Research Interest Coverage Distribution

For the Business Services industry and Industrials sector, Forrester Research's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Forrester Research's Interest Coverage falls in comparison to its industry or sector. The grey bar indicates the Interest Coverage's extreme value range as defined by GuruFocus.

Forrester Research Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Forrester Research's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Forrester Research's Interest Expense was $-2.5 Mil. Its Operating Income was $42.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $100.8 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	41.989	/	-2.461
	=	17.06

Forrester Research's Interest Coverage for the quarter that ended in Dec. 2022 is calculated as

Here, for the three months ended in Dec. 2022, Forrester Research's Interest Expense was $-0.7 Mil. Its Operating Income was $6.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $100.8 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2022 )	/	Interest Expense (Q: Dec. 2022 )
	=	-1	*	6.258	/	-0.729
	=	8.58

The higher the ratio, the stronger the company's Financial Strength is.

Forrester Research (NAS:FORR) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Forrester Research Interest Coverage Related Terms

Thank you for viewing the detailed overview of Forrester Research's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Forrester Research (NAS:FORR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Forrester Research Inc (NAS:FORR) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

FFR:Germany

Address

60 Acorn Park Drive, Cambridge, MA, USA, 02140

Website

https://www.forrester.com

Forrester Research Inc is a United States-based company that provides independent research, data, and advisory services. It operates through the following segments: The Research segment develops and delivers research, connect, and analytics products; The consulting segment includes the revenues and the related costs of the company's consulting organization, and the Events segment is engaged in developing and hosting in-person and virtual events.

Executives

Roy Sarah Le	officer: Chief People Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Warren N Romine	director	7325 16TH STREET NW, WASHINGTON DC 20012
Sharyn Leaver	officer: Chief Research Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Alicia Lee	officer: Chief Consulting Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Nathaniel Swan	officer: Chief Sales Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
George F Colony	director, 10 percent owner, officer: Chairman & CEO	C/O FORRESTER RESEARCH INC, 1033 MASSACHUSETTS AVE, CAMBRIDGE MA 02138
Leo Christian Finn	officer: Chief Financial Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Michael Kasparian	officer: Chief Information Officer	C/O FORRESTER RESEARCH, 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Shirley Macbeth	officer: Chief Marketing Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Sherri Kottmann	officer: Chief People Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Carrie Johnson	officer: Chief Research Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Jean Birch	director	3050 SOFT HORIZON WAY, LAS VEGAS NV 89135
Kelley Hippler	officer: Chief Sales Officer	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DR., CAMBRIDGE MA 02140
Anthony J Friscia	director	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Yvonne Wassenaar	director	C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140