Formula Systems Balance Sheet - Quarterly (NASDAQ:FORTY)

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$36.31 $0 (0%) FORTY stock closing price Jul 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 2018 Q1 shows cash on hand of $251.62M. The company has a debt to equity ratio of 0.23.

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 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash251.62M245.93M234.4M204.42M193.46M238.16M191.81M220.88M255.29M132.6M
Marketable Securities17.39M14.87M14.34M18.2M17.61M37.52M53.14M55.77M53.26M11.02M
Receivables424.29M430.69M407.26M388.13M375.41M354.01M310.32M291.33M302.31M209.24M
Inventory2.97M3.29M5.12M4.35M3.07M3.95M3.94M3.89M4.66M4.61M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
696.28M694.8M661.13M615.12M589.57M633.65M559.23M571.89M615.53M357.48M
Property Plant & Equipment-106.46M---84.45M---25.86M
Accumulated Depreciation-76.65M---58.32M---11.66M
Net Property Plant & Equipment
29.74M29.8M27.83M28.57M28.2M26.13M27.82M24.54M23.72M14.19M
Investment & Advances25.39M25.31M24.7M24.59M24.39M41.3M41.93M38.06M16.54M451.43M
Other Non-Current Assets----------
Deferred Charges14.94M15.87M16.19M16.77M16.56M15.22M15.7M16.72M16.17M13.16M
Intangibles810.82M781.25M774.22M789.5M784.01M627.6M608.02M554.18M560.54M167.09M
Deposits & Other Assets21.7M16.58M16.1M16.04M13.93M14.39M12.8M12.88M12.83M63.57M
Total Assets
1.6B1.56B1.52B1.49B1.46B1.36B1.27B1.22B1.25B1.07B
Notes Payable---41.81M35.63M39.34M16.64M6.68M24.48M15.88M
Accounts Payable135.89M148.48M121.31M121.43M127.49M122M101.44M94.36M103.83M74.82M
Current Portion Long-Term Debt54.57M4.82M3.89M-3.68M3.27M----
Current Portion Capital Leases----------
Accrued Expenses104.5M111.7M99.07M97.59M95.89M90.7M78.37M75.98M80.03M51.39M
Income Taxes Payable----------
Other Current Liabilities183.71M167.93M180.89M185.56M152.09M143.05M130M131.31M137.97M85.6M
Total Current Liabilities
478.68M432.94M405.17M404.59M379.17M359.03M310.01M302.24M322.24M211.81M
Mortgages----------
Deferred Taxes/Income47.39M45.94M52.1M54.89M60.74M35.63M29.3M22.68M22.92M71.4M
Convertible Debt----------
Long-Term Debt127.75M133.73M132.99M58.3M57.07M55.44M59.01M58.1M58.35M58.28M
Non-Current Capital Leases----------
Other Long-Term Liabilities140.93M156.6M126.66M167.46M171.39M140.8M99.7M103.24M112.11M173.15M
Total Liabilities
816.55M790.71M765.91M736.28M714.74M634.47M511.26M486.27M515.64M524.68M
Minority Interest21.79M21.48M48.98M51.02M46.36M43.55M13.22M--10.02M
Preferred Stock----------
Common Stock Net-4.18M---4.18M---4.18M
Capital Surplus-97.65M---100.57M---130.52M
Retained Earnings-239.53M---234.26M---318.68M
Treasury Stock----------
Other Liabilities-431.8M---385.07M---89.13M
Shareholders Equity782.33M772.92M754.28M754.32M741.93M723.84M754.26M732.02M729.7M542.26M
Total Liabilities & Shareholders Equity1.6B1.56B1.52B1.49B1.46B1.36B1.27B1.22B1.25B1.07B
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 Q1 is $1.6B. 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 $816.55M for the quarter 2018 Q1.

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
0.7

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

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