Fortrea Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Fortrea Holdings has a total shareholder equity of $1.7B and total debt of $1.6B, which brings its debt-to-equity ratio to 91.7%. Its total assets and total liabilities are $4.4B and $2.6B respectively. Fortrea Holdings's EBIT is $87.4M making its interest coverage ratio 1.3. It has cash and short-term investments of $108.6M.
Key information
91.7%
Debt to equity ratio
US$1.59b
Debt
Interest coverage ratio | 1.3x |
Cash | US$108.60m |
Equity | US$1.74b |
Total liabilities | US$2.62b |
Total assets | US$4.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: FTRE's short term assets ($1.3B) exceed its short term liabilities ($775.9M).
Long Term Liabilities: FTRE's short term assets ($1.3B) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: FTRE's net debt to equity ratio (85.5%) is considered high.
Reducing Debt: Insufficient data to determine if FTRE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FTRE's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: FTRE's interest payments on its debt are not well covered by EBIT (1.3x coverage).