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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. TechTarget's Operating Income for the three months ended in Jun. 2024 was $-0.5 Mil. TechTarget's Interest Expense for the three months ended in Jun. 2024 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for TechTarget's Interest Coverage or its related term are showing as below:
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for TechTarget'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.
TechTarget Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Coverage | Get a 7-Day Free Trial | 32.91 | 71.99 | 1.48 | N/A | N/A |
TechTarget Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Interest Coverage | Get a 7-Day Free Trial | N/A | N/A | N/A | N/A | N/A |
For the Internet Content & Information subindustry, TechTarget'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.
For the Interactive Media industry and Communication Services sector, TechTarget's Interest Coverage distribution charts can be found below:
* The bar in red indicates where TechTarget's Interest Coverage falls into.
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.
TechTarget'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, TechTarget's Interest Expense was $0.0 Mil. Its Operating Income was $-2.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $427.1 Mil.
GuruFocus does not calculate TechTarget's interest coverage with the available data. |
TechTarget's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as
Here, for the three months ended in Jun. 2024, TechTarget's Interest Expense was $0.0 Mil. Its Operating Income was $-0.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $426.4 Mil.
GuruFocus does not calculate TechTarget's interest coverage with the available data. |
* 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.
TechTarget (NAS:TTGT) 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 .
Thank you for viewing the detailed overview of TechTarget's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel T Noreck | officer: Chief Financial Officer | 75 HAMMOND STREET, WORCESTER MA 01610 |
Don Hawk | officer: President | C/O TECHTARGET, INC., 117 KENDRICK STREET, SUITE 800, NEEDHAM MA 02494 |
Steven Niemiec | officer: Chief Operating Officer & CRO | 46 FARM STREET, DOVER MA 02030 |
Rebecca Kitchens | officer: President | 7 APPLE ROCK RD, MILLIS MA 02054 |
Michael Cotoia | officer: Executive Vice President | C/O TECHTARGET, INC., 275 GROVE STREET, NEWTON MA 02466 |
Perfecto Sanchez | director | 153 DIEHL ROAD, CALLICOON NY 12723 |
Roger M Marino | director | 115 ALKE STREET, SHERBORN MA 01770 |
Greg Strakosch | director, officer: Chief Executive Officer | C/O TECHTARGET, INC., 117 KENDRICK STREET, SUITE 800, NEEDHAM MA 02494 |
Bruce Levenson | director, 10 percent owner | C/O UNITED COMMUNICATIONS GROUP, 11300 ROCKVILLE PIKE, SUITE 1100, ROCKVILLE MD 20852 |
Houten Christina Van | director | C/O MIMECAST LTD., MIMECAST NA, INC., 191 SPRING STREET, LEXINGTON MA 02421 |
Kevin Beam | officer: Executive Vice President | C/O TECHTARGET, INC., 117 KENDRICK STREET, SUITE 800, NEEDHAM MA 02494 |
Leonard P Forman | director | C/O THE NEW YORK TIMES CO, 229 WEST 43RD ST, NEW YORK NY 10036 |
Nine Ten Partners Lp | 10 percent owner | 1603 ORRINGTON AVENUE, SUITE 1650, EVANSTON IL 60201 |
Russell Chad Mollen | 10 percent owner | 12600 HILL COUNTRY BLVD, SUITE R-230, AUSTIN TX 78738 |
James Shel Bradshaw | 10 percent owner | 12600 HILL COUNTRY BLVD, SUITE R-230, AUSTIN TX 78738 |
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