Formula Systems (1985) Balance Sheet Health
Financial Health criteria checks 6/6
Formula Systems (1985) has a total shareholder equity of $1.4B and total debt of $513.3M, which brings its debt-to-equity ratio to 37.7%. Its total assets and total liabilities are $2.9B and $1.5B respectively. Formula Systems (1985)'s EBIT is $252.5M making its interest coverage ratio 21.1. It has cash and short-term investments of $510.9M.
Key information
37.7%
Debt to equity ratio
US$513.28m
Debt
| Interest coverage ratio | 21.1x |
| Cash | US$510.85m |
| Equity | US$1.36b |
| Total liabilities | US$1.49b |
| Total assets | US$2.85b |
Recent financial health updates
Formula Systems (1985) (TLV:FORTY) Has A Pretty Healthy Balance Sheet
Oct 23
Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt Responsibly
Apr 16We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its Debt
Oct 11Formula Systems (1985) (TLV:FORTY) Seems To Use Debt Quite Sensibly
Jun 13We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its Debt
Mar 14Recent updates
Formula Systems (1985)'s (TLV:FORTY) Returns On Capital Are Heading Higher
Dec 25Formula Systems (1985) Ltd.'s (TLV:FORTY) Shareholders Might Be Looking For Exit
Nov 20Formula Systems (1985) (TLV:FORTY) Has A Pretty Healthy Balance Sheet
Oct 23Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt Responsibly
Apr 16We Like These Underlying Return On Capital Trends At Formula Systems (1985) (TLV:FORTY)
Mar 17Formula Systems (1985) Ltd.'s (TLV:FORTY) Shares May Have Run Too Fast Too Soon
Feb 05The Return Trends At Formula Systems (1985) (TLV:FORTY) Look Promising
Dec 15We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its Debt
Oct 11Formula Systems (1985) (TLV:FORTY) Is Experiencing Growth In Returns On Capital
Aug 20Formula Systems (1985) (TLV:FORTY) Seems To Use Debt Quite Sensibly
Jun 13Returns Are Gaining Momentum At Formula Systems (1985) (TLV:FORTY)
Apr 04We Think Formula Systems (1985) (TLV:FORTY) Can Stay On Top Of Its Debt
Mar 14With EPS Growth And More, Formula Systems (1985) (TLV:FORTY) Makes An Interesting Case
Feb 21Formula Systems (1985) (TLV:FORTY) Shareholders Will Want The ROCE Trajectory To Continue
Dec 09We Think Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt With Ease
Nov 08Does Formula Systems (1985) (TLV:FORTY) Deserve A Spot On Your Watchlist?
Oct 14Returns Are Gaining Momentum At Formula Systems (1985) (TLV:FORTY)
Apr 13Here's Why I Think Formula Systems (1985) (TLV:FORTY) Is An Interesting Stock
Feb 23We Think Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt With Ease
Jan 30We Like These Underlying Return On Capital Trends At Formula Systems (1985) (TLV:FORTY)
Jan 10Does Formula Systems (1985) (TLV:FORTY) Deserve A Spot On Your Watchlist?
Nov 02These 4 Measures Indicate That Formula Systems (1985) (TLV:FORTY) Is Using Debt Reasonably Well
Oct 10Formula Systems (1985) (TLV:FORTY) Is Paying Out A Larger Dividend Than Last Year
Aug 22Here's Why Formula Systems (1985) (TLV:FORTY) Can Manage Its Debt Responsibly
May 01Is Now The Time To Put Formula Systems (1985) (TLV:FORTY) On Your Watchlist?
Apr 16The Return Trends At Formula Systems (1985) (TLV:FORTY) Look Promising
Apr 01Formula Systems (1985) Ltd.'s (TLV:FORTY) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Mar 17Does Formula Systems (1985) Ltd. (TLV:FORTY) Have A Place In Your Dividend Portfolio?
Mar 02What 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 29Here's Why I Think Formula Systems (1985) (TLV:FORTY) Is An Interesting Stock
Dec 30We Like These Underlying Trends At Formula Systems (1985) (TLV:FORTY)
Dec 14Formula Systems (1985) Ltd. (TLV:FORTY) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?
Nov 30Financial Position Analysis
Short Term Liabilities: FORTY's short term assets ($1.4B) exceed its short term liabilities ($981.4M).
Long Term Liabilities: FORTY's short term assets ($1.4B) exceed its long term liabilities ($507.5M).
Debt to Equity History and Analysis
Debt Level: FORTY's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: FORTY's debt to equity ratio has reduced from 55.9% to 37.7% over the past 5 years.
Debt Coverage: FORTY's debt is well covered by operating cash flow (57.5%).
Interest Coverage: FORTY's interest payments on its debt are well covered by EBIT (21.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 00:53 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
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Industry and Sector Metrics
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Analyst Sources
Formula Systems (1985) Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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