# 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 $503.3M, which brings its debt-to-equity ratio to 38.5%. Its total assets and total liabilities are $2.8B and $1.5B respectively. Formula Systems (1985)'s EBIT is $241.6M making its interest coverage ratio 16. It has cash and short-term investments of $516.1M.

### Key information

38.5%

Debt to equity ratio

US$503.27m

Debt

Interest coverage ratio | 16x |

Cash | US$516.14m |

Equity | US$1.31b |

Total liabilities | US$1.50b |

Total assets | US$2.81b |

### Recent financial health updates

### Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt Responsibly

Apr 16### We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its Debt

Oct 11### Formula Systems (1985) (TLV:FORTY) Seems To Use Debt Quite Sensibly

Jun 13### We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its Debt

Mar 14### We Think Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt With Ease

Nov 08### Recent updates

### Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt Responsibly

Apr 16### We Like These Underlying Return On Capital Trends At Formula Systems (1985) (TLV:FORTY)

Mar 17### Formula Systems (1985) Ltd.'s (TLV:FORTY) Shares May Have Run Too Fast Too Soon

Feb 05### The Return Trends At Formula Systems (1985) (TLV:FORTY) Look Promising

Dec 15### We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its Debt

Oct 11### Formula Systems (1985) (TLV:FORTY) Is Experiencing Growth In Returns On Capital

Aug 20### Formula Systems (1985) (TLV:FORTY) Seems To Use Debt Quite Sensibly

Jun 13### Returns Are Gaining Momentum At Formula Systems (1985) (TLV:FORTY)

Apr 04### We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its Debt

Mar 14### With EPS Growth And More, Formula Systems (1985) (TLV:FORTY) Makes An Interesting Case

Feb 21### Formula Systems (1985) (TLV:FORTY) Shareholders Will Want The ROCE Trajectory To Continue

Dec 09### We Think Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt With Ease

Nov 08### Does Formula Systems (1985) (TLV:FORTY) Deserve A Spot On Your Watchlist?

Oct 14### Returns Are Gaining Momentum At Formula Systems (1985) (TLV:FORTY)

Apr 13### Here's Why I Think Formula Systems (1985) (TLV:FORTY) Is An Interesting Stock

Feb 23### We Think Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt With Ease

Jan 30### We Like These Underlying Return On Capital Trends At Formula Systems (1985) (TLV:FORTY)

Jan 10### Does Formula Systems (1985) (TLV:FORTY) Deserve A Spot On Your Watchlist?

Nov 02### These 4 Measures Indicate That Formula Systems (1985) (TLV:FORTY) Is Using Debt Reasonably Well

Oct 10### Formula Systems (1985) (TLV:FORTY) Is Paying Out A Larger Dividend Than Last Year

Aug 22### Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt Responsibly

May 01### Is Now The Time To Put Formula Systems (1985) (TLV:FORTY) On Your Watchlist?

Apr 16### The Return Trends At Formula Systems (1985) (TLV:FORTY) Look Promising

Apr 01### Formula Systems (1985) Ltd.'s (TLV:FORTY) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?

Mar 17### Does Formula Systems (1985) Ltd. (TLV:FORTY) Have A Place In Your Dividend Portfolio?

Mar 02### What Kind Of Investors Own Most Of Formula Systems (1985) Ltd. (TLV:FORTY)?

Feb 14### Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt Responsibly

Jan 29### Here's Why I Think Formula Systems (1985) (TLV:FORTY) Is An Interesting Stock

Dec 30### We Like These Underlying Trends At Formula Systems (1985) (TLV:FORTY)

Dec 14### Formula Systems (1985) Ltd. (TLV:FORTY) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

Nov 30## Financial Position Analysis

Short Term Liabilities: FORTY's short term assets ($1.4B) exceed its short term liabilities ($1.0B).

Long Term Liabilities: FORTY's short term assets ($1.4B) exceed its long term liabilities ($465.7M).

## Debt to Equity History and Analysis

Debt Level: FORTY has more cash than its total debt.

Reducing Debt: FORTY's debt to equity ratio has reduced from 55.3% to 38.5% over the past 5 years.

Debt Coverage: FORTY's debt is well covered by operating cash flow (58.6%).

Interest Coverage: FORTY's interest payments on its debt are well covered by EBIT (16x coverage).