Formula Systems Balance Sheet - Quarterly (NASDAQ:FORTY)

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$40.38 $0 (0%) FORTY stock closing price Sep 19, 2018 (Closing)

A thorough fundamental analysis involves using data from Formula Systems balance sheet, apart from other financial statements, to value the business. As in our Formula Systems stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. Apart from analyzing Formula Systems revenue Formula Systems operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Formula Systems balance sheet for 2018 Q2 shows cash on hand of $238.77M. The company has a debt to equity ratio of 0.22.

View and download Formula Systems quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash238.77M251.62M245.93M234.4M204.42M193.46M238.16M191.81M220.88M255.29M
Marketable Securities13.03M17.39M14.87M14.34M18.2M17.61M37.52M53.14M55.77M53.26M
Receivables429.28M424.29M430.69M407.26M388.13M375.41M354.01M310.32M291.33M302.31M
Inventory3.59M2.97M3.29M5.12M4.35M3.07M3.95M3.94M3.89M4.66M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
684.67M696.28M694.8M661.13M615.12M589.57M633.65M559.23M571.89M615.53M
Property Plant & Equipment--106.46M---84.45M---
Accumulated Depreciation--76.65M---58.32M---
Net Property Plant & Equipment
29.67M29.74M29.8M27.83M28.57M28.2M26.13M27.82M24.54M23.72M
Investment & Advances25.25M25.39M25.31M24.7M24.59M24.39M41.3M41.93M38.06M16.54M
Other Non-Current Assets----------
Deferred Charges15.33M14.94M15.87M16.19M16.77M16.56M15.22M15.7M16.72M16.17M
Intangibles793.86M810.82M781.25M774.22M789.5M784.01M627.6M608.02M554.18M560.54M
Deposits & Other Assets20.12M21.7M16.58M16.1M16.04M13.93M14.39M12.8M12.88M12.83M
Total Assets
1.57B1.6B1.56B1.52B1.49B1.46B1.36B1.27B1.22B1.25B
Notes Payable----41.81M35.63M39.34M16.64M6.68M24.48M
Accounts Payable125.9M135.89M148.48M121.31M121.43M127.49M122M101.44M94.36M103.83M
Current Portion Long-Term Debt53.42M54.57M4.82M3.89M-3.68M3.27M---
Current Portion Capital Leases----------
Accrued Expenses100.69M104.5M111.7M99.07M97.59M95.89M90.7M78.37M75.98M80.03M
Income Taxes Payable----------
Other Current Liabilities220.19M183.71M167.93M180.89M185.56M152.09M143.05M130M131.31M137.97M
Total Current Liabilities
500.19M478.68M432.94M405.17M404.59M379.17M359.03M310.01M302.24M322.24M
Mortgages----------
Deferred Taxes/Income41.24M47.39M45.94M52.1M54.89M60.74M35.63M29.3M22.68M22.92M
Convertible Debt----------
Long-Term Debt116.15M127.75M133.73M132.99M58.3M57.07M55.44M59.01M58.1M58.35M
Non-Current Capital Leases----------
Other Long-Term Liabilities117.01M140.93M156.6M126.66M167.46M171.39M140.8M99.7M103.24M112.11M
Total Liabilities
795.97M816.55M790.71M765.91M736.28M714.74M634.47M511.26M486.27M515.64M
Minority Interest21.38M21.79M21.48M48.98M51.02M46.36M43.55M13.22M--
Preferred Stock----------
Common Stock Net--4.18M---4.18M---
Capital Surplus--97.65M---100.57M---
Retained Earnings--239.53M---234.26M---
Treasury Stock----------
Other Liabilities--431.8M---385.07M---
Shareholders Equity772.93M782.33M772.92M754.28M754.32M741.93M723.84M754.26M732.02M729.7M
Total Liabilities & Shareholders Equity1.57B1.6B1.56B1.52B1.49B1.46B1.36B1.27B1.22B1.25B
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 2018 Q2 is $1.57B. 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 include short term loans and long term loans availed by the company to fund its business operations. FORTY stock had total liabilities of $795.97M for the quarter 2018 Q2.

Formula Systems Balance Sheet - Key Ratios

Current ratio
1.37
Debt to equity ratio
0.22
Asset turnover ratio
0.92
Receivables turnover
3.49
Price to book ratio
0.78

Quarterly Balance Sheets For Formula Systems (1985) Ltd. (ADR) Peers

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