Fortrea Holdings Inc. (FTRE)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,049,700 | 1,124,500 | 1,123,800 | 1,559,400 |
| Total assets | US$ in thousands | 3,579,200 | 3,663,700 | 3,565,400 | 4,240,200 |
| Debt-to-assets ratio | 0.29 | 0.31 | 0.32 | 0.37 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,049,700K ÷ $3,579,200K
= 0.29
The debt-to-assets ratio of Fortrea Holdings Inc. has been showing a decreasing trend over the four quarters of 2024. It stood at 0.37 as of March 31, 2024, and progressively decreased to 0.29 by December 31, 2024. This suggests that the company is effectively managing its debt levels in relation to its total assets. A lower debt-to-assets ratio indicates a lower financial risk for the company, as it signifies the proportion of assets financed by debt is decreasing. This trend may be positively viewed by investors and creditors, as it indicates a healthier financial position and potential improved creditworthiness for Fortrea Holdings Inc.
Peer comparison
Dec 31, 2024