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Forrester Research Interest Coverage

: 12.48 (As of Jun. 2021)
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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 Jun. 2021 was $13.3 Mil. Forrester Research's Interest Expense for the three months ended in Jun. 2021 was $-1.1 Mil. Forrester Research's interest coverage for the quarter that ended in Jun. 2021 was 12.48. 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:

NAS:FORR' s Interest Coverage Range Over the Past 10 Years
Min: 0.98   Med: No Debt   Max: No Debt
Current: 5.86

0.98
No Debt

NAS:FORR's Interest Coverage is ranked lower than
99.99% of the 182 Companies
in the Business Services industry.

( Industry Median: 11.92 vs. NAS:FORR: 5.86 )

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 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt 0.98 4.11

Forrester Research Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Interest Coverage Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.06 0.40 4.86 6.78 12.48

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.

   

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 into.



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. 2020 is calculated as

Here, for the fiscal year that ended in Dec. 2020, Forrester Research's Interest Expense was $-5.3 Mil. Its Operating Income was $22.0 Mil. And its Long-Term Debt & Capital Lease Obligation was $165.6 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2020 )/Interest Expense (A: Dec. 2020 )
=-1*21.954/-5.34
=4.11

Forrester Research's Interest Coverage for the quarter that ended in Jun. 2021 is calculated as

Here, for the three months ended in Jun. 2021, Forrester Research's Interest Expense was $-1.1 Mil. Its Operating Income was $13.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $160.9 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2021 )/Interest Expense (Q: Jun. 2021 )
=-1*13.299/-1.066
=12.48

* 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.

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 Business Description

Forrester Research logo
Industry
Industrials » Business Services NAICS : 541910 SIC : 8732
Traded in Other Exchanges
Address
60 Acorn Park Drive, Cambridge, MA, USA, 02140
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
Peltzman Steven P. officer: CBTO C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Bradford Neil director C/O FORRESTER RESEARCH INC 400 TECHNOLOGY SQ CAMBRIDGE MA 02129
Johnson Carrie officer: Chief Research Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Teichgraeber Gretchen director C/O FORRESTER RESEARCH 400 TECHNOLOGY SQUARE CAMBRIDGE MA 02139
Doyle Michael A officer: Chief Financial Officer C/O EASYLINK SERVICES CORPORATION 33 KNIGHTSBRIDGE ROAD PISCATAWAY NJ 08854
Chouinard Scott officer: Chief Accounting Officer C/O FORRESTER RESEARCH, INC. 400 TECHNOLOGY SQUARE CAMBRIDGE MA 02139
Darrah Ryan officer: Chief Legal Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Hippler Kelley officer: Chief Sales Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DR. CAMBRIDGE MA 02140
Kottmann Sherri officer: Chief People Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Kasparian Michael officer: Chief Information Officer C/O FORRESTER RESEARCH 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Birch Jean director 3050 SOFT HORIZON WAY LAS VEGAS NV 89135
Boyce David director C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Wassenaar Yvonne director C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Friscia Anthony J director C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Galford Robert director C/O FORRESTER RESEARCH 400 TECHNOLOGY SQUARE CAMBRIDGE MA 02139

Forrester Research Headlines

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