Fortrea Holdings Inc. (FTRE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,362,400 | 1,513,500 | 1,461,100 | 1,591,900 |
| Debt-to-capital ratio | 0.44 | 0.43 | 0.43 | 0.49 |
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
The debt-to-capital ratio for Fortrea Holdings Inc. as of March 31, 2024, was 0.49, indicating that 49% of the company's capital structure was financed by debt. Subsequently, the ratio decreased to 0.43 as of both June 30, 2024, and September 30, 2024, suggesting a more balanced capital structure. By the end of the year, on December 31, 2024, the debt-to-capital ratio slightly increased to 0.44. Overall, the trend in the debt-to-capital ratio for Fortrea Holdings Inc. in 2024 indicates a relatively stable and manageable level of debt in the company's capital structure.
Peer comparison
Dec 31, 2024