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
There Is A Reason Fortrea Holdings Inc.'s (NASDAQ:FTRE) Price Is Undemanding
Nov 21
Would 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.