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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fortrea Holdings's interest expense for the three months ended in Mar. 2024 was $ -34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-104 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Fortrea Holdings's Operating Income for the three months ended in Mar. 2024 was $ -34 Mil. Fortrea Holdings's Interest Expense for the three months ended in Mar. 2024 was $ -34 Mil. Fortrea Holdings did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Fortrea Holdings's Interest Expense 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 | |||||
Interest Expense | - | -0.20 | -0.20 | -69.80 |
Fortrea Holdings Quarterly Data | |||||||||||
Dec20 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Interest Expense | Get a 7-Day Free Trial | -32.70 | -0.70 | -34.60 | -34.50 | -34.30 |
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-104 Mil.
* 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) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Fortrea Holdings's Interest Expense for the three months ended in Mar. 2024 was $-34 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,619 Mil.
Fortrea Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as
Fortrea Holdings did not have earnings to cover the interest expense. |
* 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.
The higher the ratio, the stronger the company's financial strength is.
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 |
James S. Hanson | officer: General Counsel | 79 TW ALEXANDER DRIVE, 4501 RESEARCH COMMONS, SUITE 100, RESEARCH TRIANGLE PARK NC 27709 |
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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