Fortrea Holdings Inc. (FTRE)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|
| Long-term debt | US$ in thousands | 1,049,700 | 1,565,900 |
| Total stockholders’ equity | US$ in thousands | 1,362,400 | 1,714,100 |
| Debt-to-capital ratio | 0.44 | 0.48 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,049,700K ÷ ($1,049,700K + $1,362,400K)
= 0.44
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-capital ratio
Fortrea Holdings Inc.
FTRE
0.44
Fulgent Genetics Inc
FLGT
0.00
Laboratory Corporation of America Holdings
LH
0.40
Quest Diagnostics Incorporated
DGX
0.00
RadNet Inc
RDNT
0.52