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 $259.0M making its interest coverage ratio 21.6. 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 | 21.6x |
| Cash | US$510.85m |
| Equity | US$1.36b |
| Total liabilities | US$1.49b |
| Total assets | US$2.85b |
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 ($981.4M).
Long Term Liabilities: FORT.Y's short term assets ($1.4B) exceed its long term liabilities ($507.5M).
Debt to Equity History and Analysis
Debt Level: FORT.Y's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: FORT.Y's debt to equity ratio has reduced from 55.9% to 37.7% over the past 5 years.
Debt Coverage: FORT.Y's debt is well covered by operating cash flow (57.5%).
Interest Coverage: FORT.Y's interest payments on its debt are well covered by EBIT (21.6x coverage).