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
We Think Fortrea Holdings (NASDAQ:FTRE) Has A Fair Chunk Of Debt
Dec 27
Would Fortrea Holdings (NASDAQ:FTRE) Be Better Off With Less Debt?
Aug 16Recent updates
We Think Fortrea Holdings (NASDAQ:FTRE) Has A Fair Chunk Of Debt
Dec 27Fortrea: Turning Around As The Activists Move In
Dec 26Fortrea: Some Green Shoots After A Dismal Period
Nov 28There Is A Reason Fortrea Holdings Inc.'s (NASDAQ:FTRE) Price Is Undemanding
Nov 21Would Fortrea Holdings (NASDAQ:FTRE) Be Better Off With Less Debt?
Aug 16Fortrea Holdings: Still Many Question Marks On This CRO Play
May 12Fortrea: High Risk And Low Upside Potential
Feb 13Fortrea Holdings Inc.'s (NASDAQ:FTRE) Low P/S No Reason For Excitement
Feb 08Fortrea Holdings' (NASDAQ:FTRE) Soft Earnings Are Actually Better Than They Appear
Nov 23Financial Position Analysis
Short Term Liabilities: FTRE's short term assets ($936.9M) exceed its short term liabilities ($795.8M).
Long Term Liabilities: FTRE's short term assets ($936.9M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: FTRE's net debt to equity ratio (67.5%) is considered high.
Reducing Debt: Insufficient data to determine if FTRE'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 FTRE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FTRE 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 10:10 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Fortrea Holdings Inc. is covered by 13 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Coldwell | Baird |
| Ishan Majumdar | Baptista Research |
| Luke Sergott | Barclays |