Fortrea Holdings Inc.

NasdaqGS FTRE

Fortrea Holdings Inc. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending September 30, 2024: -0.77

Fortrea Holdings Inc. Interest Coverage Ratio is -0.77 for the Trailing 12 Months (TTM) ending September 30, 2024, a -299.77% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Fortrea Holdings Inc. Interest Coverage Ratio for the Trailing 12 Months (TTM) ending September 30, 2023 was 0.38.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
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NasdaqGS: FTRE

Fortrea Holdings Inc.

CEO Mr. Thomas H. Pike
IPO Date June 20, 2023
Location United States
Headquarters 8 Moore Drive
Employees 15,500
Sector Health Care
Industries
Description

Fortrea Holdings Inc., a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. It operates through two segments: Clinical Services and Enabling Services. The Clinical Services segment provides across the clinical pharmacology and clinical development spectrum. The Enabling Services segment provides patient access and clinical trial technology solutions to customers that streamline complex randomization and optimize the trial drug supply process. The company offers delivery models that include full service, functional service provider, and hybrid service structures. It also offers phase I-IV clinical trial management, differentiated technology enabled trial solutions, and post approval services. The company serves pharmaceutical, biotechnology, and medical device organizations. Fortrea Holdings Inc. was incorporated in 2023 and is based in Durham, North Carolina.

StockViz Staff

January 15, 2025

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