Formula Systems Balance Sheet - Annual (NASDAQ:FORTY)

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$37.8 $0 (0%) FORTY stock closing price Jun 20, 2018 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like Formula Systems, and helps in stock analysis. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Formula Systems stock analysis. Annual results announcements include the release of all three financial statements, of which the balance sheet is one. The Formula Systems balance sheet for 2017 shows total assets of $1.56B. The company has a asset turnover ratio of 0.95. Also see: Formula Systems revenue and Formula Systems operating cash flow for the same year.

View latest 10 year balance sheet data to check Formula Systems financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash245.93M238.16M132.6M107.41M82.12M111.23M88.17M110.5M100.2M110.6M
Marketable Securities14.87M37.52M11.02M22.23M17.95M14.86M19.51M38.19M58.41M46.15M
Receivables430.69M354.01M209.24M191.99M201.14M201.88M163.21M154.36M130.23M158.16M
Inventory3.29M3.95M4.61M2.25M-2.14M2.45M5.6M2.43M2.77M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets---36.5M37.68M38.86M33.63M23.14M22.08M16.13M
Total Current Assets
694.8M633.65M357.48M360.39M338.91M369M306.99M331.8M313.37M333.83M
Property Plant & Equipment106.46M84.45M25.86M-------
Accumulated Depreciation76.65M58.32M11.66M-------
Net Property Plant & Equipment
29.8M26.13M14.19M19.87M19.25M21.45M19.16M12.41M9.98M15.22M
Investment & Advances25.31M41.3M451.43M202.89M162.1M3.35M79.85M3.2M13.21M19.53M
Other Non-Current Assets-------2.82M--
Deferred Charges15.87M15.22M13.16M12.73M13.15M47.06M11.63M13.13M--
Intangibles781.25M627.6M167.09M449.25M268.22M367.95M198.18M199.59M-143.35M
Deposits & Other Assets16.58M14.39M63.57M75.59M76.9M72.08M53.39M60.77M229.85M84.67M
Total Assets
1.56B1.36B1.07B1.12B878.55M880.92M669.22M623.76M566.43M596.62M
Notes Payable---41.81M35.63M39.34M16.64M6.68M24.48M15.88M
Accounts Payable148.48M122M74.82M52.33M52.64M51.94M40.34M53.17M43.77M57.24M
Current Portion Long-Term Debt4.82M3.27M--------
Current Portion Capital Leases----------
Accrued Expenses111.7M90.7M51.39M--62.08M41M40.7M--
Income Taxes Payable----------
Other Current Liabilities167.93M143.05M85.6M131.68M131.04M69.91M83.17M77.42M91.65M117.05M
Total Current Liabilities
432.94M359.03M211.81M225.82M219.32M223.29M181.16M177.99M159.91M190.18M
Mortgages----------
Deferred Taxes/Income45.94M35.63M71.4M35.95M4.99M9.33M6.93M2.65M2.2M4.5M
Convertible Debt----------
Long-Term Debt133.73M55.44M58.28M108.2M62.44M64.65M49.7M31.85M43.91M56M
Non-Current Capital Leases-----1.73M----
Other Long-Term Liabilities156.6M140.8M173.15M85.07M93.7M91.12M67.74M76.88M65.08M68.56M
Total Liabilities
790.71M634.47M524.68M466.1M380.46M390.13M305.54M289.38M271.12M426.68M
Minority Interest21.48M43.55M10.02M------107.43M
Preferred Stock----------
Common Stock Net4.18M4.18M4.18M4.18M-3.87M3.87M3.8M-3.73M
Capital Surplus97.65M100.57M130.52M136.03M-132.76M135.67M136.22M-132.58M
Retained Earnings239.53M234.26M318.68M249.99M-115.77M91.67M58.44M-40.97M
Treasury Stock----------
Other Liabilities431.8M385.07M89.13M264.34M-238.61M132.71M136.17M--7.1M
Shareholders Equity772.92M723.84M542.26M654.56M498.09M490.78M363.67M334.38M295.31M169.93M
Total Liabilities & Shareholders Equity1.56B1.36B1.07B1.12B878.55M880.92M669.22M623.76M566.43M596.62M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Formula Systems historical stock prices and the current Formula Systems stock price can tell you how the stock price has moved, whereas the Formula Systems PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: An asset is a resource that a corporation like Formula Systems owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for FORTY stock as of 2017 is $1.56B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: The total liabilities of Formula Systems for the year 2017 total to $790.71M. Liabilities for a company like Formula Systems include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Formula Systems Balance Sheet - Key Ratios

Current ratio
1.46
Debt to equity ratio
0.23
Asset turnover ratio
0.95
Receivables turnover
3.5
Price to book ratio
0.73