Fortrea Holdings Inc. (FTRE)
Cash ratio
| Dec 31, 2023 | ||
|---|---|---|
| Cash and cash equivalents | US$ in thousands | 108,600 |
| Short-term investments | US$ in thousands | — |
| Total current liabilities | US$ in thousands | 775,900 |
| Cash ratio | 0.14 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($108,600K
+ $—K)
÷ $775,900K
= 0.14
Peer comparison
Dec 31, 2023
Company name
Symbol
Cash ratio
Fortrea Holdings Inc.
FTRE
0.14
Fulgent Genetics Inc
FLGT
5.81
Laboratory Corporation of America Holdings
LH
0.17
Quest Diagnostics Incorporated
DGX
0.38
RadNet Inc
RDNT
0.78