Fortrea Holdings (MEX:FTRE1) Effective Interest Rate on Debt % : 7.11% (As of Mar. 2025)

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What is Fortrea Holdings Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Fortrea Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was MXN1,825 Mil. Fortrea Holdings's average total debt for the quarter that ended in Mar. 2025 was MXN25,655 Mil. Therefore, Fortrea Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 7.11%.

Fortrea Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Fortrea Holdings's Effective Interest Rate on Debt % 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.

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Fortrea Holdings Effective Interest Rate on Debt % Chart

Fortrea Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

0.26

0.28

7.99

9.67

Fortrea Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									8.07	13.23	7.71	7.50	7.11

Competitive Comparison of Fortrea Holdings's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Fortrea Holdings's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Fortrea Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Fortrea Holdings's Effective Interest Rate on Debt % falls into.

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Fortrea Holdings Effective Interest Rate on Debt % Calculation

Fortrea Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -2581.936	/	( (28380.943	+	24995.557)	/ 2 )
=	-1 * -2581.936	/	26688.25
=	9.67 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27645.958	+	734.985
=	28380.943

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23156.084	+	1839.473
=	24995.557

Fortrea Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -1824.872	/	( (24995.557	+	26315.383)	/ 2 )
=	-1 * -1824.872	/	25655.47
=	7.11 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23156.084	+	1839.473
=	24995.557

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22688.144	+	3627.239
=	26315.383

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Fortrea Holdings (MEX:FTRE1) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Fortrea Holdings Effective Interest Rate on Debt % Related Terms

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Fortrea Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Fortrea Holdings Inc (MEX:FTRE1) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

FTRE:USA K67:Germany

Address

8 Moore Drive, Durham, NC, USA, 27709

Website

https://www.fortrea.com

Fortrea Holdings is a late-stage contract research organization, or CRO, that provides comprehensive Phase I through IV 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. Fortrea has 19,000 staff members across 90 countries.

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