Fortrea Holdings Inc. (FTRE)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 948,200 | 936,900 | 887,700 | 1,200,000 |
| Total current liabilities | US$ in thousands | 949,500 | 795,800 | 749,000 | 818,300 |
| Current ratio | 1.00 | 1.18 | 1.19 | 1.47 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $948,200K ÷ $949,500K
= 1.00
The current ratio of Fortrea Holdings Inc. shows a fluctuating trend over the year 2024. Starting at 1.47 in March, the ratio decreased to 1.19 by June, further dropping to 1.18 in September, and reaching 1.00 by December. While the current ratio remained above 1 in all periods, indicating that the company has sufficient current assets to cover its current liabilities, the decreasing trend suggests a potential deterioration in the company's short-term financial position. A current ratio of 1.00 in December implies that the company's current assets barely cover its current liabilities, and further monitoring of liquidity management may be warranted to ensure the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024