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Formula Systems (FORTY) Ratios
Formula Systems Ratios
FORTY's free cash flow for Q2 2026 was $0.00. For the 2026 fiscal year, FORTY's free cash flow was increased by $0.00 and operating cash flow was $0.00. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.63 | 1.30 | 1.40 | 1.37 | 1.38 |
| Quick Ratio | 1.61 | 1.28 | 1.35 | 1.33 | 1.35 |
| Cash Ratio | 0.96 | 0.45 | 0.46 | 0.54 | 0.51 |
| Solvency Ratio | 0.10 | 0.12 | 0.12 | 0.12 | 0.11 |
| Operating Cash Flow Ratio | 0.29 | 0.28 | 0.30 | 0.24 | 0.22 |
| Short-Term Operating Cash Flow Coverage | 1.54 | 1.18 | 1.35 | 1.06 | 0.93 |
| Net Current Asset Value | $ 360.11M | $ -138.77M | $ -128.56M | $ -244.69M | $ -266.66M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.17 | 0.23 | 0.24 | 0.28 | 0.26 |
| Debt-to-Equity Ratio | 0.44 | 1.01 | 1.07 | 1.40 | 1.32 |
| Debt-to-Capital Ratio | 0.30 | 0.50 | 0.52 | 0.58 | 0.57 |
| Long-Term Debt-to-Capital Ratio | 0.12 | 0.27 | 0.34 | 0.43 | 0.40 |
| Financial Leverage Ratio | 2.65 | 4.44 | 4.49 | 5.06 | 5.08 |
| Debt Service Coverage Ratio | 1.06 | 1.11 | 1.26 | 1.36 | 1.16 |
| Interest Coverage Ratio | 6.15 | 12.22 | 6.24 | 11.09 | 7.86 |
| Debt to Market Cap | 0.17 | 0.39 | 0.54 | 0.60 | 0.31 |
| Interest Debt Per Share | 40.69 | 46.49 | 46.29 | 52.15 | 48.36 |
| Net Debt to EBITDA | -2.01 | 0.47 | 0.59 | 0.58 | 0.68 |
| Profitability Margins | |||||
| Gross Profit Margin | 17.05% | 24.81% | 24.56% | 24.20% | 23.44% |
| EBIT Margin | 7.12% | 9.81% | 9.52% | 10.95% | 8.75% |
| EBITDA Margin | 12.93% | 14.00% | 14.16% | 15.43% | 13.83% |
| Operating Profit Margin | 7.12% | 9.81% | 9.13% | 10.75% | 8.65% |
| Pretax Profit Margin | 5.71% | 9.08% | 8.08% | 9.91% | 7.67% |
| Net Profit Margin | 1.07% | 2.89% | 2.44% | 3.16% | 2.27% |
| Continuous Operations Profit Margin | 4.17% | 7.03% | 6.32% | 7.76% | 5.90% |
| Net Income Per EBT | 18.77% | 31.81% | 30.22% | 31.93% | 29.58% |
| EBT Per EBIT | 80.17% | 92.58% | 88.49% | 92.14% | 88.70% |
| Return on Assets (ROA) | 0.79% | 2.64% | 2.28% | 2.91% | 1.99% |
| Return on Equity (ROE) | 2.10% | 11.73% | 10.23% | 14.75% | 10.09% |
| Return on Capital Employed (ROCE) | 8.37% | 14.43% | 13.10% | 15.44% | 11.54% |
| Return on Invested Capital (ROIC) | 5.40% | 9.53% | 8.96% | 10.50% | 7.73% |
| Return on Tangible Assets | 1.02% | 4.37% | 3.84% | 4.94% | 3.47% |
| Earnings Yield | 1.11% | 5.85% | 6.41% | 7.51% | 2.88% |
| Efficiency Ratios | |||||
| Receivables Turnover | 3.42 | 3.29 | 3.64 | 3.55 | 3.34 |
| Payables Turnover | 5.96 | 7.10 | 7.64 | 8.76 | 8.95 |
| Inventory Turnover | 72.62 | 67.48 | 47.07 | 55.42 | 86.78 |
| Fixed Asset Turnover | 13.71 | 13.25 | 15.10 | 14.93 | 13.93 |
| Asset Turnover | 0.74 | 0.91 | 0.93 | 0.92 | 0.88 |
| Working Capital Turnover Ratio | 4.48 | 7.48 | 6.89 | 7.08 | 6.52 |
| Cash Conversion Cycle | 50.58 | 64.95 | 60.42 | 67.82 | 72.59 |
| Days of Sales Outstanding | 106.75 | 110.95 | 100.41 | 102.88 | 109.18 |
| Days of Inventory Outstanding | 5.03 | 5.41 | 7.75 | 6.59 | 4.21 |
| Days of Payables Outstanding | 61.20 | 51.41 | 47.75 | 41.65 | 40.79 |
| Operating Cycle | 111.78 | 116.36 | 108.17 | 109.47 | 113.39 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 25.55 | 21.20 | 19.28 | 15.63 | 13.64 |
| Free Cash Flow Per Share | 24.48 | 19.31 | 17.19 | 13.06 | 11.60 |
| Dividend Paid and CapEx Coverage Ratio | 8.65 | 6.79 | 7.04 | 3.91 | 3.92 |
| Capital Expenditure Coverage Ratio | 23.98 | 11.20 | 9.22 | 6.08 | 6.71 |
| Operating Cash Flow Coverage Ratio | 0.66 | 0.47 | 0.44 | 0.31 | 0.29 |
| Operating Cash Flow to Sales Ratio | 0.15 | 0.12 | 0.11 | 0.09 | 0.09 |
| Free Cash Flow Yield | 14.66% | 21.69% | 26.32% | 18.43% | 9.36% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 90.28 | 17.08 | 15.61 | 13.32 | 34.73 |
| Price-to-Sales (P/S) Ratio | 0.97 | 0.49 | 0.38 | 0.42 | 0.79 |
| Price-to-Book (P/B) Ratio | 1.89 | 2.01 | 1.60 | 1.96 | 3.50 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 6.82 | 4.61 | 3.80 | 5.43 | 10.68 |
| Price-to-Operating Cash Flow Ratio | 6.54 | 4.20 | 3.39 | 4.53 | 9.09 |
| Price-to-Earnings Growth (PEG) Ratio | -1.40 | 0.68 | -0.73 | 0.27 | 2.04 |
| Enterprise Value Multiple | 5.46 | 4.00 | 3.28 | 3.31 | 6.38 |
| Enterprise Value | 1.87B | 1.54B | 1.22B | 1.31B | 2.12B |
| EV to EBITDA | 5.46 | 4.00 | 3.28 | 3.31 | 6.38 |
| EV to Sales | 0.71 | 0.56 | 0.46 | 0.51 | 0.88 |
| EV to Free Cash Flow | 4.99 | 5.22 | 4.63 | 6.57 | 11.97 |
| EV to Operating Cash Flow | 4.78 | 4.76 | 4.13 | 5.49 | 10.18 |
| Tangible Book Value Per Share | 64.26 | 12.88 | 10.76 | 1.84 | 0.33 |
| Shareholders’ Equity Per Share | 88.40 | 44.39 | 40.90 | 36.08 | 35.38 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.27 | 0.23 | 0.22 | 0.22 | 0.23 |
| Revenue Per Share | 172.97 | 180.17 | 171.29 | 168.17 | 157.33 |
| Net Income Per Share | 1.85 | 5.21 | 4.18 | 5.32 | 3.57 |
| Tax Burden | 0.19 | 0.32 | 0.30 | 0.32 | 0.30 |
| Interest Burden | 0.80 | 0.93 | 0.85 | 0.91 | 0.88 |
| Research & Development to Revenue | 0.01 | 0.03 | 0.03 | 0.03 | 0.03 |
| SG&A to Revenue | 0.08 | 0.12 | 0.12 | 0.09 | 0.09 |
| Stock-Based Compensation to Revenue | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Income Quality | 10.63 | 1.67 | 1.78 | 1.20 | 1.47 |
Currency in USD