Fortrea Holdings Inc. (FTRE)
Financial leverage ratio
| Dec 31, 2023 | ||
|---|---|---|
| Total assets | US$ in thousands | 4,357,200 |
| Total stockholders’ equity | US$ in thousands | 1,738,800 |
| Financial leverage ratio | 2.51 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,357,200K ÷ $1,738,800K
= 2.51
Peer comparison
Dec 31, 2023
Company name
Symbol
Financial leverage ratio
Fortrea Holdings Inc.
FTRE
2.51
Fulgent Genetics Inc
FLGT
1.09
Laboratory Corporation of America Holdings
LH
2.12
Quest Diagnostics Incorporated
DGX
2.22
RadNet Inc
RDNT
4.27