Formula Systems (1985) Ltd.

Formula Systems (1985) Ltd.verified

FORTY

Price:

$76.33

Market Cap:

$1.17B

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions worldwide. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; and database and big data services. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and system, data management, and software development ...[Read more]

Industry

Information Technology Services

IPO Date

1997-10-20

Stock Exchange

NASDAQ

Ticker

FORTY

The Current Ratio as of September 2024 (TTM) for Formula Systems (1985) Ltd. (FORTY) is 1.40

According to Formula Systems (1985) Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.40. This represents a change of 1.23% compared to the average of 1.38 of the last 4 quarters.

Formula Systems (1985) Ltd. (FORTY) Historical Current Ratio (quarterly & annually)

How has FORTY Current Ratio performed in the past?

The mean historical Current Ratio of Formula Systems (1985) Ltd. over the last ten years is 1.53. The current 1.40 Current Ratio has changed 9.02% with respect to the historical average. Over the past ten years (40 quarters), FORTY's Current Ratio was at its highest in in the March 2016 quarter at 1.91. The Current Ratio was at its lowest in in the March 2022 quarter at 1.29.

Quarterly (TTM)
Annual

Average

1.53

Median

1.49

Minimum

1.37

Maximum

1.78

Formula Systems (1985) Ltd. (FORTY) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Formula Systems (1985) Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 14.26%

Maximum Annual Current Ratio = 1.78

Minimum Annual Increase = -12.35%

Minimum Annual Current Ratio = 1.37

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.391.76%
20221.37-0.60%
20211.38-7.48%
20201.493.48%
20191.44-3.10%
20181.48-12.35%
20171.69-3.94%
20161.76-0.78%
20151.7814.26%
20141.560.67%

Formula Systems (1985) Ltd. (FORTY) Average Current Ratio

How has FORTY Current Ratio performed in the past?

The current Current Ratio of Formula Systems (1985) Ltd. (FORTY) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.38

5-year avg

1.41

10-year avg

1.53

Formula Systems (1985) Ltd. (FORTY) Current Ratio vs. Peers

How is FORTY’s Current Ratio compared to its peers?

Formula Systems (1985) Ltd.’s Current Ratio is less than CSP Inc. (3.52), greater than Nayax Ltd. (1.25), less than Information Services Group, Inc. (2.14), greater than Alithya Group Inc. (1.16), less than Computer Task Group, Incorporated (0), less than Startek, Inc. (1.93), greater than The Hackett Group, Inc. (1.24), less than Clarivate Plc (1.71), greater than null (0.90),

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