Fortrea Holdings Inc. (FTRE)
Debt-to-equity 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-equity ratio | 0.77 | 0.74 | 0.77 | 0.98 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,049,700K ÷ $1,362,400K
= 0.77
The debt-to-equity ratio of Fortrea Holdings Inc. has shown a downward trend from 0.98 as of March 31, 2024, to 0.77 as of both June 30, 2024, and December 31, 2024, with a slight increase to 0.74 as of September 30, 2024. This trend indicates that the company is relying less on debt to finance its operations and is increasingly utilizing equity financing. A lower debt-to-equity ratio is generally viewed positively by investors as it suggests lower financial risk and greater financial stability. Overall, Fortrea Holdings Inc. seems to be effectively managing its capital structure to maintain a healthy balance between debt and equity.
Peer comparison
Dec 31, 2024