Fortrea Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Fortrea Holdings has a total shareholder equity of $1.6B and total debt of $1.6B, which brings its debt-to-equity ratio to 101.5%. Its total assets and total liabilities are $4.2B and $2.6B respectively. Fortrea Holdings's EBIT is $38.6M making its interest coverage ratio 0.4. It has cash and short-term investments of $93.9M.
Key information
101.5%
Debt to equity ratio
US$1.62b
Debt
Interest coverage ratio | 0.4x |
Cash | US$93.90m |
Equity | US$1.59b |
Total liabilities | US$2.65b |
Total assets | US$4.24b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: K67's short term assets ($1.2B) exceed its short term liabilities ($818.3M).
Long Term Liabilities: K67's short term assets ($1.2B) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: K67's net debt to equity ratio (95.6%) is considered high.
Reducing Debt: Insufficient data to determine if K67's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: K67's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: K67's interest payments on its debt are not well covered by EBIT (0.4x coverage).