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Fortrea HoldingsFTRE -1.20%63 Cash Ratio is 0.17 as of Jun. 2026, which is 21% above its 10-year median of 0.14. GuruFocus rates FTRE with a GF Score™ of 63/100 and a GF Value™ of $17.04 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,384 Biotechnology companies, Fortrea Holdings ranks worse than 91.84% on this metric.
Fortrea Holdings has a Cash Ratio of 0.17. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Fortrea Holdings's Cash Ratio or its related term are showing as below:
FTRE'
s Cash Ratio Range Over the Past 10 Years
Min: 0.09 Med: 0.14 Max: 0.19
Current: 0.17
During the past 6 years, Fortrea Holdings's highest Cash Ratio was 0.19. The lowest was 0.09. And the median was 0.14.
FTRE's Cash Ratio is ranked worse than 91.84% of 1384
companies
in the Biotechnology industry
Industry Median: 2.93
vs FTRE: 0.17
Fortrea Holdings (NAS:FTRE) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Fortrea Holdings Cash Ratio Related Terms
Fortrea Holdings Cash Ratio Historical Data
* Premium members only.
The historical data trend for Fortrea Holdings's Cash Ratio 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.
For the Biotechnology subindustry, Fortrea Holdings's Cash Ratio, along with its competitors' market caps and Cash Ratio 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.
Fortrea Holdings Cash Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Fortrea Holdings's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Fortrea Holdings's Cash Ratio falls into.
* 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 (FTRE) has a Cash Ratio of 0.17 as of Jun. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Fortrea Holdings and its competitors. This is 21% above median its historical median of 0.14. Over the past decade, Fortrea Holdings' Cash Ratio has ranged from 0.09 to 0.19. According to the industry distribution chart, Fortrea Holdings ranks #1271 out of 1384 companies in the Biotechnology industry, placing it in the top 91.8%.
Is Fortrea Holdings' Cash Ratio too high?
Fortrea Holdings' current Cash Ratio of 0.17 is 21% above median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.19. The Biotechnology industry median Cash Ratio is 2.93. Fortrea Holdings' value of 0.17 is 94.2% below this industry median. Based on the distribution chart, Fortrea Holdings ranks #1271 out of 1384 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Fortrea Holdings has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortrea Holdings' Cash Ratio compare to SNDX and KARD?
According to the Biotechnology industry distribution chart, Fortrea Holdings ranks #1271 out of 1384 companies for Cash Ratio. This places Fortrea Holdings in the lower half of its industry. The industry median Cash Ratio is 2.93. Fortrea Holdings' value of 0.17 is 94.2% below this benchmark. Historically, Fortrea Holdings' own Cash Ratio has ranged from 0.09 to 0.19 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 2.93, Fortrea Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Biotechnology company?
The median Cash Ratio among Biotechnology companies is 2.93, based on 1,384 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortrea Holdings's current Cash Ratio of 0.17 is 94.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Fortrea Holdings and its competitors. For the Biotechnology industry, the median Cash Ratio is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortrea Holdings's current Cash Ratio is 0.17, which is 21% above median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortrea Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fortrea Holdings (FTRE) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.04, compared to a current price of $18.94 — trading 11.2% above its estimated fair value. The current Cash Ratio is 0.17, which is 21% above median its 10-year median of 0.14 and 94.2% below the Biotechnology industry median of 2.93. Fortrea Holdings' overall GF Score™ is 63/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Fortrea Holdings (FTRE), the current Cash Ratio is 0.17 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fortrea Holdings (FTRE) Overvalued in 2026?
Based on GuruFocus' analysis, Fortrea Holdings stock appears to be overvalued.
The current stock price of $18.94 is trading 11.2% above its estimated GF Value™ of $17.04.
GuruFocus considers Fortrea Holdings to be Modestly Overvalued.
Key valuation signals for FTRE:
Cash Ratio: 0.17 (21% above median its 10-year median of 0.14)
GF Value™: $17.04 vs. price of $18.94 (11.2% above fair value)
Industry Position: 94.2% below the Biotechnology median (#1271 of 1384)
No single metric tells the full story. See the FTRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortrea is a global, late-stage contract research organization that provides comprehensive phase 1 through phase 4 clinical trial management, clinical pharmacology, and patient access solutions. The company works with emerging and large biopharma, medical device, and diagnostic companies to run their clinical trials as a functional-service provider, full-service provider, and offers hybrid trials. In 2023, Fortrea was formed as an independent, publicly traded company after Labcorp spun off its clinical development business, which it acquired via its purchase of Covance in 2015 for $6.1 billion.
63GF Score
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