Fortrea Capital Lease Obligations vs Net Debt Analysis
| FTRE Stock | 21.05 0.50 2.32% |
Fortrea Holdings financial indicator trend analysis is much more than just examining Fortrea Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortrea Holdings is a good investment. Please check the relationship between Fortrea Holdings Capital Lease Obligations and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortrea Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Fortrea Stock refer to our How to Trade Fortrea Stock guide.
Capital Lease Obligations vs Net Debt
Capital Lease Obligations vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortrea Holdings Capital Lease Obligations account and Net Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Fortrea Holdings' Capital Lease Obligations and Net Debt is 0.64. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Net Debt in the same time period over historical financial statements of Fortrea Holdings, assuming nothing else is changed. The correlation between historical values of Fortrea Holdings' Capital Lease Obligations and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Fortrea Holdings are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Capital Lease Obligations i.e., Fortrea Holdings' Capital Lease Obligations and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Capital Lease Obligations
Fortrea Holdings capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Fortrea Holdings asset purchases. For example, Fortrea Holdings can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Fortrea Holdings control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Fortrea Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortrea Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortrea Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Fortrea Stock refer to our How to Trade Fortrea Stock guide.At present, Fortrea Holdings' Enterprise Value Multiple is projected to increase based on the last few years of reporting.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 198.8M | 117.6M | 96.4M | 113.8M | Tax Provision | 38.4M | 500K | 4.5M | 4.3M |
Fortrea Holdings fundamental ratios Correlations
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Fortrea Holdings Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Fortrea Holdings is a strong investment it is important to analyze Fortrea Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortrea Holdings' future performance. For an informed investment choice regarding Fortrea Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortrea Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Fortrea Stock refer to our How to Trade Fortrea Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Life Sciences Tools & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortrea Holdings. If investors know Fortrea will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortrea Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.57) | Earnings Share (2.44) | Revenue Per Share 33.34 | Quarterly Revenue Growth (0.06) | Return On Assets (0.01) |
The market value of Fortrea Holdings is measured differently than its book value, which is the value of Fortrea that is recorded on the company's balance sheet. Investors also form their own opinion of Fortrea Holdings' value that differs from its market value or its book value, called intrinsic value, which is Fortrea Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortrea Holdings' market value can be influenced by many factors that don't directly affect Fortrea Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortrea Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortrea Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortrea Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.