Fortrea Holdings Inc. (FTRE)
Quick ratio
| Dec 31, 2023 | ||
|---|---|---|
| Cash | US$ in thousands | 108,600 |
| Short-term investments | US$ in thousands | — |
| Receivables | US$ in thousands | 470,700 |
| Total current liabilities | US$ in thousands | 775,900 |
| Quick ratio | 0.75 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($108,600K
+ $—K
+ $470,700K)
÷ $775,900K
= 0.75
Peer comparison
Dec 31, 2023
Company name
Symbol
Quick ratio
Fortrea Holdings Inc.
FTRE
0.75
Fulgent Genetics Inc
FLGT
6.53
Laboratory Corporation of America Holdings
LH
0.76
Quest Diagnostics Incorporated
DGX
1.04
RadNet Inc
RDNT
1.16