Fortrea Holdings (FRA:K67) Interest Expense : €-138 Mil (TTM As of Jun. 2024)

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What is Fortrea Holdings Interest Expense?

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 Jun. 2024 was € -42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-138 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 Jun. 2024 was € -38 Mil. Fortrea Holdings's Interest Expense for the three months ended in Jun. 2024 was € -42 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.

Fortrea Holdings Interest Expense Historical Data

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.

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Fortrea Holdings Interest Expense Chart

Fortrea Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-0.18

-0.19

-64.01

Fortrea Holdings Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial							-0.65	-32.42	-31.64	-31.56	-41.99

Fortrea Holdings Interest Expense Calculation

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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-138 Mil.

Fortrea Holdings (FRA:K67) Interest Expense Explanation

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 Jun. 2024 was €-42 Mil. Its Operating Income for the three months ended in Jun. 2024 was €-38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was €1,105 Mil.

Fortrea Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Fortrea Holdings did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Fortrea Holdings Business Description

Industry

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FTRE:USA FTRE1:Mexico

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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