Formula Systems (1985) Balance Sheet Health
Financial Health criteria checks 6/6
Formula Systems (1985) has a total shareholder equity of $1.3B and total debt of $472.7M, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are $2.7B and $1.4B respectively. Formula Systems (1985)'s EBIT is $246.2M making its interest coverage ratio 19.5. It has cash and short-term investments of $472.9M.
Key information
35.6%
Debt to equity ratio
US$472.67m
Debt
| Interest coverage ratio | 19.5x |
| Cash | US$472.88m |
| Equity | US$1.33b |
| Total liabilities | US$1.38b |
| Total assets | US$2.70b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FSY's short term assets ($1.3B) exceed its short term liabilities ($931.7M).
Long Term Liabilities: FSY's short term assets ($1.3B) exceed its long term liabilities ($444.0M).
Debt to Equity History and Analysis
Debt Level: FSY has more cash than its total debt.
Reducing Debt: FSY's debt to equity ratio has reduced from 56.9% to 35.6% over the past 5 years.
Debt Coverage: FSY's debt is well covered by operating cash flow (62.4%).
Interest Coverage: FSY's interest payments on its debt are well covered by EBIT (19.5x coverage).