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
10-Q - Q2 2024 - Aug 12, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 147 %
Debt-to-equity 155 %
Return On Equity -19.1 % -528%
Return On Assets -7.48 %
Operating Margin -3.71 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 89.6M shares +0.9%
Common Stock, Shares, Outstanding 89.5M shares +0.79%
Entity Public Float 3.3B USD
Common Stock, Value, Issued 100K USD 0%
Weighted Average Number of Shares Outstanding, Basic 89.4M shares +0.68%
Weighted Average Number of Shares Outstanding, Diluted 89.4M shares +0.68%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 2.75B USD -8.65%
Costs and Expenses 2.85B USD +2.86%
Operating Income (Loss) -102M USD -261%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -241M USD -342%
Income Tax Expense (Benefit) 2.9M USD -7.76%
Net Income (Loss) Attributable to Parent -308M USD -336%
Earnings Per Share, Basic -3.46 USD/shares -543%
Earnings Per Share, Diluted -3.46 USD/shares -543%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 126M USD +10.4%
Other Assets, Current 35.1M USD -30.9%
Assets, Current 888M USD -27.9%
Deferred Income Tax Assets, Net 3.2M USD +60%
Property, Plant and Equipment, Net 219M USD
Operating Lease, Right-of-Use Asset 78.2M USD +56.4%
Intangible Assets, Net (Excluding Goodwill) 692M USD -13.7%
Goodwill 1.73B USD -0.55%
Other Assets, Noncurrent 83.8M USD +0.12%
Assets 3.57B USD -18.2%
Accounts Payable, Current 144M USD +36.9%
Employee-related Liabilities, Current 118M USD -4.07%
Accrued Liabilities, Current 343M USD +2.11%
Contract with Customer, Liability, Current 248M USD -6.17%
Liabilities, Current 749M USD -0.41%
Operating Lease, Liability, Noncurrent 65.8M USD +24.4%
Other Liabilities, Noncurrent 29.6M USD -20%
Liabilities 2.1B USD -19.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -249M USD -10.4%
Retained Earnings (Accumulated Deficit) -308M USD
Stockholders' Equity Attributable to Parent 1.46B USD -16.4%
Liabilities and Equity 3.57B USD -18.2%

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 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
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 126M USD +15.9%
Interest Paid, Excluding Capitalized Interest, Operating Activities 44.6M USD
Deferred Tax Assets, Valuation Allowance 2.8M USD
Deferred Tax Assets, Gross 70M USD +93.9%
Operating Lease, Liability 86M USD +35.6%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -333M USD -332%
Lessee, Operating Lease, Liability, to be Paid 109M USD
Operating Lease, Liability, Current 13.5M USD -33.2%
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
Preferred Stock, Shares Authorized 30M shares 0%
Unrecognized Tax Benefits 300K USD -78.6%
Lessee, Operating Lease, Liability, to be Paid, Year Four 8.2M USD
Additional Paid in Capital 2.02B USD +2.1%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 63.8M USD -1.95%
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 56.5M USD +75%
Interest Expense 69.8M USD
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%