FORTY
Price:
$93.35
Market Cap:
$1.40B
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
According to Formula Systems (1985) Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.41. This represents a change of 1.77% compared to the average of 1.38 of the last 4 quarters.
The mean historical Current Ratio of Formula Systems (1985) Ltd. over the last ten years is 1.53. The current 1.41 Current Ratio has changed 9.07% 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.
Average
1.53
Median
1.49
Minimum
1.37
Maximum
1.78
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
Year | Current Ratio | Change |
---|---|---|
2023 | 1.40 | 1.96% |
2022 | 1.37 | -0.60% |
2021 | 1.38 | -7.48% |
2020 | 1.49 | 3.48% |
2019 | 1.44 | -3.10% |
2018 | 1.48 | -12.35% |
2017 | 1.69 | -3.94% |
2016 | 1.76 | -0.78% |
2015 | 1.78 | 14.26% |
2014 | 1.56 | 0.67% |
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.’s Current Ratio is less than CSP Inc. (2.94), greater than Nayax Ltd. (1.25), less than Information Services Group, Inc. (1.97), greater than Alithya Group Inc. (1.39), 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 (1.51), greater than null (0.88),
Company | Current Ratio | Market cap |
---|---|---|
2.94 | $149.67M | |
1.25 | $1.00B | |
1.97 | $163.41M | |
1.39 | $110.31M | |
0 | $168.99M | |
1.93 | $178.33M | |
1.24 | $839.12M | |
1.51 | $4.12B | |
0.88 | $0 |
One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Formula Systems (1985) Ltd. using the financials and key metrics that matter to you in a single view.
The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:
Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.
Get your free trial here.
The easiest way to analyze a company like Formula Systems (1985) Ltd. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.
Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.
Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.
What is the Current Ratio?
How can you use the Current Ratio?
What is Formula Systems (1985) Ltd.'s Current Ratio?
How is the Current Ratio calculated for Formula Systems (1985) Ltd. (FORTY)?
What is the highest Current Ratio for Formula Systems (1985) Ltd. (FORTY)?
What is the 3-year average Current Ratio for Formula Systems (1985) Ltd. (FORTY)?
What is the 5-year average Current Ratio for Formula Systems (1985) Ltd. (FORTY)?
How does the current Current Ratio for Formula Systems (1985) Ltd. (FORTY) compare to its historical average?