A Look Into Fortive's Debt
Portfolio Pulse from Benzinga Insights
Fortive Inc.'s shares have risen by 11.85% over the past three months. The company's total debt stands at $3.09 billion, with net debt at $2.42 billion after adjusting for cash-equivalents. The debt ratio of the company is 0.2, indicating a low level of financial leverage. Debt is an important factor in a company's capital structure and can help it achieve growth, but it can also pose risks if interest rates increase.
July 13, 2023 | 4:30 pm
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Fortive's shares have risen by 11.85% over the past three months. The company's total debt is $3.09 billion, with a net debt of $2.42 billion. The debt ratio is 0.2, indicating a low level of financial leverage.
Fortive's debt level is relatively low compared to its total assets, indicating a low level of financial risk. This could be positive for the company's stock price in the short term, as it suggests the company is not overly leveraged. However, the impact of this news on the stock price is uncertain, as it also depends on other factors such as the company's earnings, market conditions, and investor sentiment.
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