CRA International (CRA International) Interest Coverage : 28.58 (As of Dec. 2023)

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What is CRA International Interest Coverage?

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. CRA International's Operating Income for the three months ended in Dec. 2023 was $17.1 Mil. CRA International's Interest Expense for the three months ended in Dec. 2023 was $-0.6 Mil. CRA International's interest coverage for the quarter that ended in Dec. 2023 was 28.58. The higher the ratio, the stronger the company's financial strength is.

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

CRAI' s Interest Coverage Range Over the Past 10 Years
Min: 15.1 Med: 32.37 Max: 57.46
Current: 15.1

CRAI's Interest Coverage is ranked better than
52.72% of 789 companies
in the Business Services industry
Industry Median: 13.39 vs CRAI: 15.10

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

CRA International Interest Coverage Historical Data

The historical data trend for CRA International'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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

CRA International Interest Coverage Chart

CRA International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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23.40

28.62

57.46

32.17

15.10

CRA International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															27.54	23.98	9.85	10.53	28.58

Competitive Comparison of CRA International's Interest Coverage

For the Consulting Services subindustry, CRA International'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.

CRA International's Interest Coverage Distribution in the Business Services Industry

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

* The bar in red indicates where CRA International's Interest Coverage falls into.

CRA International 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 ⁽¹⁾.

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

CRA International's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, CRA International's Interest Expense was $-3.8 Mil. Its Operating Income was $57.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $92.3 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	57.545	/	-3.812
	=	15.10

CRA International's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, CRA International's Interest Expense was $-0.6 Mil. Its Operating Income was $17.1 Mil. And its Long-Term Debt & Capital Lease Obligation was $92.3 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	17.145	/	-0.6
	=	28.58

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

CRA International (NAS:CRAI) 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 .

CRA International Interest Coverage Related Terms

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

CRA International (CRA International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CRA International Inc (NAS:CRAI) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CR2:Germany

Address

200 Clarendon Street, Boston, MA, USA, 02116-5092

Website

https://www.crai.com

CRA International Inc is a U.S.-based advisory firm that provides economic, financial, and management consultancy services. The company advises clients on economic and financial issues relating to litigation and regulatory proceedings and helps businesses set important business strategies and solve performance-related issues. The company's clients include domestic and foreign companies, government agencies, public and private utilities, and national and international trade associations. CRA International generates almost all its revenue from the United States and the United Kingdom.

Executives

Paul A Maleh	officer: EVP, Platform Leader	200 CLARENDON STREET, T-9, BOSTON MA 02116
Chad M Holmes	officer: CFO, EVP and Treasurer	200 CLARENDON STREET, T-9, BOSTON MA 02116
Jonathan D Yellin	officer: EVP and General Counsel	200 CLARENDON STREET, T-9, BOSTON MA 02116
Thomas Aiken Avery	director	465 LAUREL CHASE COURT, ATLANTA GA 30327
Heather Tookes	director	C/O FTAC OLYMPUS ACQUISITION CORP., 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Robert W Holthausen	director	200 CLARENDON STREET, T-9, BOSTON MA 02116
Alva Taylor	director	C/O CRA INTERNATIONAL, INC., 200 CLARENDON STREET, BOSTON MA 02116
Nancy Hawthorne	director	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Christine Rose Detrick	director	200 CLARENDON STREET, T-9, BOSTON MA 02116
Daniel K. Mahoney	officer: CFO, EVP and Treasurer	C/O OLD MUTUAL ASSET MANAGEMENT, 200 CLARENDON STREET, BOSTON MA 02116
Richard Douglas Booth	director	200 CLARENDON STREET, T-9, BOSTON MA 02116
William F Concannon	director	200 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10166
Rowland Moriarty	director	200 CLARENDON ST T33, BOSTON MA 02116
Robert A Whitman	director	4200 TEXAS COMMERCE TOWER WEST, 2200 ROSS AVE, DALLAS TX 75201
Douglas C Miller	officer: VP, Chief Accounting Officer	ONE AMERICAN ROW, P.O. BOX 5056, HARTFORD CT 06052