Fortrea Holdings Inc. financial data

Symbol
FTRE on Nasdaq
Industry
Services-Medical Laboratories
Location
8 Moore Drive, Durham, North Carolina
Fiscal year end
December 31
Former names
Silver Spinco Inc. (to 4/5/2023)
Latest financial report
Q1 2024 - May 24, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 158 %
Debt-to-equity 156 %
Return On Equity -8.23 % -264%
Return On Assets -3.22 %
Operating Margin -0.69 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 89.4M shares +0.68%
Common Stock, Shares, Outstanding 89.4M shares
Entity Public Float 3.3B USD
Common Stock, Value, Issued 100K USD
Weighted Average Number of Shares Outstanding, Basic 89.2M shares +0.45%
Weighted Average Number of Shares Outstanding, Diluted 89.2M shares +0.45%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 2.81B USD -4.58%
Costs and Expenses 2.83B USD +2.9%
Operating Income (Loss) -19.5M USD -365%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -116M USD -897%
Income Tax Expense (Benefit) 3.8M USD +173%
Net Income (Loss) Attributable to Parent -139M USD -183%
Earnings Per Share, Basic -1.56 USD/shares -907%
Earnings Per Share, Diluted -1.56 USD/shares -907%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 92.8M USD
Other Assets, Current 35.1M USD -30.9%
Assets, Current 1.2B USD
Deferred Income Tax Assets, Net 3.2M USD
Property, Plant and Equipment, Net 219M USD
Operating Lease, Right-of-Use Asset 78.2M USD +56.4%
Intangible Assets, Net (Excluding Goodwill) 708M USD
Goodwill 1.73B USD +0.45%
Other Assets, Noncurrent 89M USD
Assets 4.24B USD
Accounts Payable, Current 131M USD
Employee-related Liabilities, Current 118M USD -4.07%
Accrued Liabilities, Current 329M USD
Contract with Customer, Liability, Current 237M USD
Liabilities, Current 818M USD
Operating Lease, Liability, Noncurrent 59.5M USD
Other Liabilities, Noncurrent 28.9M USD
Liabilities 2.65B USD
Accumulated Other Comprehensive Income (Loss), Net of Tax -242M USD
Retained Earnings (Accumulated Deficit) -170M USD
Stockholders' Equity Attributable to Parent 1.59B USD -53.2%
Liabilities and Equity 4.24B USD

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -25.6M USD -1180%
Net Cash Provided by (Used in) Financing Activities 21.3M USD -13.1%
Net Cash Provided by (Used in) Investing Activities -9.2M USD +43.2%
Common Stock, Shares Authorized 265M shares
Common Stock, Par or Stated Value Per Share 0 USD/shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -15.8M USD -303%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 92.8M USD -21.5%
Interest Paid, Excluding Capitalized Interest, Operating Activities 44.6M USD
Deferred Tax Assets, Valuation Allowance 2.8M USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 70M USD +93.9%
Operating Lease, Liability 86M USD +35.6%
Depreciation 32.6M USD +20.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -125M USD -502%
Lessee, Operating Lease, Liability, to be Paid 109M USD
Operating Lease, Liability, Current 15.2M USD
Lessee, Operating Lease, Liability, to be Paid, Year Two 16.8M USD
Lessee, Operating Lease, Liability, to be Paid, Year One 22.5M USD
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure +62.5%
Deferred Income Tax Expense (Benefit) 4.2M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 23.4M USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 11.3M USD
Deferred Federal Income Tax Expense (Benefit) -24.3M USD -204%
Current Income Tax Expense (Benefit) 45M USD -25.7%
Preferred Stock, Shares Authorized 30M shares
Unrecognized Tax Benefits 300K USD -78.6%
Lessee, Operating Lease, Liability, to be Paid, Year Four 8.2M USD
Operating Lease, Payments 29.9M USD +6.41%
Additional Paid in Capital 2B USD
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 900K USD -91.6%
Current Federal Tax Expense (Benefit) 3.6M USD -80.6%
Amortization of Intangible Assets 64.1M USD +2%
Depreciation, Depletion and Amortization 98.4M USD +1.73%
Deferred Tax Assets, Net of Valuation Allowance 67.2M USD +86.2%
Share-based Payment Arrangement, Expense 13.5M USD +114%
Deferred State and Local Income Tax Expense (Benefit) -4M USD +32.2%
Interest Expense 69.8M USD +34800%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares