Of what is "it's" the abbreviation in the sentence "The company is as strong as it's even been"?

Question:

Answers:
it has. ie, "the company is as strong as it has ever been". wouldnt make sense to have "the company is as strong as it is ever been" :)
The company is as strong as IT HAS ever been.
it has

strong as it is ever been?
It has
has
it has
It has
has
it has
it has
it has

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