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
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) 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 ($1.3B) exceed its short term liabilities ($931.7M).
Long Term Liabilities: FORTY's short term assets ($1.3B) exceed its long term liabilities ($444.0M).
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 56.9% to 35.6% over the past 5 years.
Debt Coverage: FORTY's debt is well covered by operating cash flow (62.4%).
Interest Coverage: FORTY's interest payments on its debt are well covered by EBIT (19.5x coverage).