Fortrea Holdings Inc. (FTRE)

Quick ratio

Dec 31, 2024 Dec 31, 2023
Cash US$ in thousands 118,500 108,600
Short-term investments US$ in thousands — —
Receivables US$ in thousands 151,700 470,700
Total current liabilities US$ in thousands 949,500 778,400
Quick ratio 0.28 0.74

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($118,500K + $—K + $151,700K) ÷ $949,500K
= 0.28