Fortrea Holdings Inc. (FTRE)
Debt-to-capital ratio
| Dec 31, 2023 | ||
|---|---|---|
| Long-term debt | US$ in thousands | 1,565,900 |
| Total stockholders’ equity | US$ in thousands | 1,738,800 |
| Debt-to-capital ratio | 0.47 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,565,900K ÷ ($1,565,900K + $1,738,800K)
= 0.47
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-capital ratio
Fortrea Holdings Inc.
FTRE
0.47
Fulgent Genetics Inc
FLGT
0.00
Laboratory Corporation of America Holdings
LH
0.34
Quest Diagnostics Incorporated
DGX
0.41
RadNet Inc
RDNT
0.56