Fortrea Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Fortrea Holdings has a total shareholder equity of $1.5B and total debt of $1.1B, which brings its debt-to-equity ratio to 74.5%. Its total assets and total liabilities are $3.7B and $2.2B respectively.
Key information
74.5%
Debt to equity ratio
US$1.13b
Debt
| Interest coverage ratio | n/a |
| Cash | US$105.30m |
| Equity | US$1.51b |
| Total liabilities | US$2.15b |
| Total assets | US$3.66b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTRE1 *'s short term assets ($936.9M) exceed its short term liabilities ($795.8M).
Long Term Liabilities: FTRE1 *'s short term assets ($936.9M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: FTRE1 *'s net debt to equity ratio (67.5%) is considered high.
Reducing Debt: Insufficient data to determine if FTRE1 *'s debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable FTRE1 * has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FTRE1 * is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.1% per year.