Fortrea Holdings Inc. (FTRE)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,565,900 | 1,572,400 | 1,578,900 |
| Total assets | US$ in thousands | 4,357,200 | 4,316,700 | 4,356,200 |
| Debt-to-assets ratio | 0.36 | 0.36 | 0.36 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,565,900K ÷ $4,357,200K
= 0.36
The debt-to-assets ratio of Fortrea Holdings Inc. remained consistent at 0.36 in each of the three quarters ending on Dec 31, 2023, Sep 30, 2023, and Jun 30, 2023. This indicates that the company finances approximately 36% of its assets through debt, while the remaining 64% are funded by equity. A stable debt-to-assets ratio may suggest that Fortrea Holdings Inc. has a balanced capital structure and is able to manage its debt levels effectively. However, further analysis in conjunction with other financial metrics is recommended to gain a more comprehensive understanding of the company's overall financial health and leverage position.
Peer comparison
Dec 31, 2023