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Formula Systems (1985) Ltd. (FORTY)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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Formula Systems (1985) Ltd. Balance Sheet 2021-2011 | FORTY
Brief overview of Formula Systems (1985) Ltd.'s balance sheet strength
The comparison uses five available annual reports from the 2016–2020 interval.
Total assets increased by +85.5%, from $1.4 billion to $2.5 billion. A CAGR near 16.7% points to substantial expansion.
Funding shifted toward liabilities: they gained +122.5%, compared with +85.5% for assets.
The equity ratio is 44% versus 53.3% five periods ago. Capitalization remains workable.
Each unit of equity supports about 0.15x of net debt. Dependence on debt remains comfortable.
The cash reserve occupies 19.9% of the balance sheet, previously 17.5%. It is one marker of short-term resilience.
Retained earnings are $324.4 million versus $234.3 million initially. The direction shows how results contributed to equity.
What the balance sheet shows
Formula Systems (1985) Ltd.'s financial position is more positive than negative: the funding mix is workable, although the cushion is not unlimited.
Annual Balance Sheet Formula Systems (1985) Ltd.
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | 167 M | 124 M | 110 M | 96 M | 19.8 M | 87.5 M | 42.2 M | 16 M | -7.25 M | 9.65 M |
Long Term Debt |
- | 383 M | 337 M | 254 M | 269 M | 171 M | 161 M | 108 M | 62.4 M | 64.7 M | 49.7 M |
Long Term Debt Current |
41.7 M | 32.1 M | 35.7 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
621 M | 632 M | 522 M | 333 M | 358 M | 275 M | 313 M | 240 M | 185 M | 189 M | 124 M |
Total Liabilities |
- | 1.41 B | 1.19 B | 859 M | 791 M | 634 M | 525 M | 466 M | 396 M | 413 M | 306 M |
Deferred Revenue |
- | 129 M | 93.5 M | 59.5 M | 58.9 M | 37.6 M | 26 M | 34.7 M | 31.1 M | 34.9 M | 22.7 M |
Retained Earnings |
358 M | 324 M | 285 M | 263 M | 240 M | 234 M | 319 M | 250 M | 187 M | 116 M | 91.7 M |
Total Assets |
2.75 B | 2.52 B | 2.09 B | 1.66 B | 1.56 B | 1.36 B | 1.07 B | 1.12 B | 877 M | 881 M | 669 M |
Cash and Cash Equivalents |
485 M | 502 M | 369 M | 268 M | 246 M | 238 M | 249 M | - | - | - | - |
Book Value |
2.75 B | 1.11 B | 896 M | 805 M | 773 M | 724 M | 542 M | 655 M | 482 M | 468 M | 364 M |
Total Shareholders Equity |
1.18 B | 1.11 B | 896 M | 805 M | 773 M | 724 M | 705 M | - | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet Formula Systems (1985) Ltd.
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | - | - | - | - | - | - | - | - | - | - | 81.3 M | - | - | - | - | - | - | - | - | - | - | - | 108 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | 621 M | - | - | - | 632 M | - | - | - | 522 M | - | - | - | 334 M | 293 M | - | - | 358 M | - | - | - | 272 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | 14 M | - | - | - | 7.09 M | - | - | - | 59.2 M | - | - | - | 56.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
- | - | - | - | 358 M | - | - | - | 324 M | - | - | - | 285 M | - | - | - | 263 M | 257 M | - | - | 239 M | - | - | - | 234 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
- | - | - | - | 2.75 B | - | - | - | 2.52 B | - | - | - | 2.09 B | - | - | - | 1.66 B | 1.64 B | - | - | 1.56 B | - | - | - | 1.35 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
- | - | - | - | 485 M | - | - | - | 502 M | - | - | - | 369 M | - | - | - | 268 M | 272 M | - | - | 246 M | 235 M | - | - | 240 M | - | - | - | 249 M | - | - | - | 180 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
- | - | - | - | 2.75 B | - | - | - | 2.52 B | - | - | - | 2.08 B | - | - | - | 1.66 B | 1.64 B | - | - | 1.5 B | - | - | - | 1.3 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
- | - | - | - | 1.18 B | - | - | - | 1.11 B | - | - | - | 896 M | - | - | - | 805 M | 806 M | - | - | 773 M | 754 M | - | - | 724 M | - | - | - | 705 M | - | - | - | 692 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
Select metrics to display
All numbers in USD currency
Balance Sheet is a fundamental financial report of Formula Systems (1985) Ltd., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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