Formula Systems Balance Sheet - Quarterly (NASDAQ:FORTY)

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$36 $0 (0%) FORTY stock closing price Mar 16, 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 2017 Q3 shows cash on hand of $234.4M. The company has a debt to equity ratio of 0.18.

View and download Formula Systems quarterly results to get the balance sheet details for the latest 40 quarters data.
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Fiscal year is Jan - Dec2017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Marketable Securities14.34M18.2M17.61M37.52M53.14M55.77M53.26M11.02M16.63M
Raw Materials---------
Work In Progress---------
Finished Goods---------
Notes Receivable---------
Other Current Assets--------63.99M
Total Current Assets
Property Plant & Equipment---84.45M---25.86M-
Accumulated Depreciation---58.32M---11.66M-
Net Property Plant & Equipment
Investment & Advances24.7M24.59M24.39M41.3M41.93M38.06M16.54M451.43M206.57M
Other Non-Current Assets---------
Deferred Charges16.19M16.77M16.56M15.22M15.7M16.72M16.17M13.16M14.9M
Deposits & Other Assets16.1M16.04M13.93M14.39M12.8M12.88M12.83M63.57M69.81M
Total Assets
Notes Payable--41.81M35.63M39.34M16.64M6.68M24.48M15.88M
Accounts Payable121.31M121.43M127.49M122M101.44M94.36M103.83M74.82M48.55M
Current Portion Long-Term Debt3.89M-3.68M3.27M-----
Current Portion Capital Leases---------
Accrued Expenses99.07M97.59M95.89M90.7M78.37M75.98M80.03M51.39M-
Income Taxes Payable---------
Other Current Liabilities180.89M185.56M152.09M143.05M130M131.31M137.97M85.6M185.34M
Total Current Liabilities
Deferred Taxes/Income52.1M54.89M60.74M35.63M29.3M22.68M22.92M71.4M33.73M
Convertible Debt---------
Long-Term Debt132.99M58.3M57.07M55.44M59.01M58.1M58.35M58.28M57.92M
Non-Current Capital Leases---------
Other Long-Term Liabilities126.66M167.46M171.39M140.8M99.7M103.24M112.11M173.15M177.67M
Total Liabilities
Minority Interest48.98M51.02M46.36M43.55M13.22M--10.02M-
Preferred Stock---------
Common Stock Net---4.18M---4.18M-
Capital Surplus---100.57M---130.52M-
Retained Earnings---234.26M---318.68M-
Treasury Stock---------
Other Liabilities---385.07M---89.13M-
Shareholders Equity754.28M754.32M741.93M723.84M754.26M732.02M729.7M542.26M670.81M
Total Liabilities & Shareholders Equity1.52B1.49B1.46B1.36B1.27B1.22B1.25B1.07B1.17B
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 Q3 is $1.52B. 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 $765.91M for the quarter 2017 Q3.

Formula Systems Balance Sheet - Key Ratios

Current ratio
Debt to equity ratio
Asset turnover ratio
Receivables turnover
Price to book ratio

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

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