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 $541.3M, which brings its debt-to-equity ratio to 41.4%. Its total assets and total liabilities are $2.8B and $1.5B respectively. Formula Systems (1985)'s EBIT is $239.4M making its interest coverage ratio 8.4. It has cash and short-term investments of $528.6M.
Key information
41.4%
Debt to equity ratio
US$541.29m
Debt
Interest coverage ratio | 8.4x |
Cash | US$528.58m |
Equity | US$1.31b |
Total liabilities | US$1.51b |
Total assets | US$2.82b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FORT.Y's short term assets ($1.4B) exceed its short term liabilities ($987.8M).
Long Term Liabilities: FORT.Y's short term assets ($1.4B) exceed its long term liabilities ($519.1M).
Debt to Equity History and Analysis
Debt Level: FORT.Y's net debt to equity ratio (1%) is considered satisfactory.
Reducing Debt: FORT.Y's debt to equity ratio has reduced from 47.4% to 41.4% over the past 5 years.
Debt Coverage: FORT.Y's debt is well covered by operating cash flow (44.2%).
Interest Coverage: FORT.Y's interest payments on its debt are well covered by EBIT (8.4x coverage).