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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Fortrea Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $1,461 Mil. Fortrea Holdings's Total Assets for the quarter that ended in Jun. 2024 was $3,565 Mil. Therefore, Fortrea Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2024 was 0.41.
The historical rank and industry rank for Fortrea Holdings's Equity-to-Asset or its related term are showing as below:
During the past 4 years, the highest Equity to Asset Ratio of Fortrea Holdings was 0.78. The lowest was 0.38. And the median was 0.41.
The historical data trend for Fortrea Holdings's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortrea Holdings Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Equity-to-Asset | - | 0.75 | 0.78 | 0.40 |
Fortrea Holdings Quarterly Data | ||||||||||||
Dec20 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Equity-to-Asset | Get a 7-Day Free Trial | 0.40 | 0.39 | 0.40 | 0.38 | 0.41 |
For the Biotechnology subindustry, Fortrea Holdings's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Biotechnology industry and Healthcare sector, Fortrea Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Fortrea Holdings's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Fortrea Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Equity to Asset (A: Dec. 2023 ) | = | Total Stockholders Equity | / | Total Assets |
= | 1738.8 | / | 4357.2 | |
= | 0.40 |
Fortrea Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as
Equity to Asset (Q: Jun. 2024 ) | = | Total Stockholders Equity | / | Total Assets |
= | 1461.1 | / | 3565.4 | |
= | 0.41 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortrea Holdings (NAS:FTRE) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Thank you for viewing the detailed overview of Fortrea Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
James S. Hanson | officer: General Counsel | 79 TW ALEXANDER DRIVE, 4501 RESEARCH COMMONS, SUITE 100, RESEARCH TRIANGLE PARK NC 27709 |
Thomas Pike | officer: Chief Executive Officer | C/O ACCENTURE, 161 N. CLARK STREET, 23RD FLOOR, CHICAGO IL 60601 |
Peter M Neupert | director | 13920 SE EASTGATE WAY, STE 300, BELLEVUE WA 98005 |
Betty D Larson | director | GE HEALTHCARE TECHNOLOGIES INC., 500 W. MONROE, CHICAGO IL 60661 |
R Andrew Eckert | director | THREE RAVINIA DRIVE, ATLANTA GA 30346 |
Edward A Pesicka | director | 9120 LOCKWOOD BLVD, MECHANICSVILLE VA 23116 |
Amrit Ray | director | 60 LEVERONI COURT, NOVATO CA 94949 |
Amanda M. Warren | officer: Chief Accounting Officer | 8 MOORE DRIVE, DURHAM NC 27703 |
David Ross Smith | director | 251 BALLARDVALE STREET, WILMINGTON MA 01887 |
Van Der Vaart Sandra D | director, officer: President and Secretary | 531 SOUTH SPRING STREET, BURLINGTON NC 27215 |
Glenn A Eisenberg | director, officer: Executive Vice President | P O BOX 1017, CHARLOTTE NC 28201-1017 |
Laboratory Corp Of America Holdings | 10 percent owner | 358 S MAIN ST, BURLINGTON NC 27215 |
Jill G. Mcconnell | officer: Chief Financial Officer | 8 MOORE DRIVE, DURHAM NC 27703 |
Mark A. Morais | officer: Chief Operating Officer | 8 MOORE DRIVE, DURHAM NC 27703 |
Robert S. Pringle | officer: Treasurer | 531 SOUTH SPRING STREET, BURLINGTON NC 27215 |
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