Formula Systems (1985) (FORTY) Debt Ratio (2010 - 2026)
Formula Systems (1985)'s (FORTY) quarterly Debt Ratio came in at 0.08 in Q2 2026, up 23.96% on a YoY basis from 0.07 in Q2 2025, and down 4.96% quarter-over-quarter from 0.09 in Q1 2026.
Analysis
Formula Systems (1985) (FORTY) Debt Ratio (2010 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Debt Ratio for 17 consecutive years, with 0.08 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio rose 23.96% year-over-year to 0.08; the trailing twelve-month figure through Jun 2026 stood at 0.08 (up 23.96% YoY), and the FY2025 full-year result was 0.07, up 3.75% from the prior year.
- Debt Ratio fell to 0.08 in Q2 2026 per FORTY's latest filing, from 0.09 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.1 in Q1 2022 and bottomed at 0.05 in Q4 2023.
- Historically, Debt Ratio has averaged 0.08 across 5 years, with a median of 0.08 in 2023.
- The sharpest annual moves came in 2022 and 2023: Debt Ratio soared 68.69% in 2022, then plunged 33.72% in 2023.
- Over 5 years, Debt Ratio stood at 0.08 in 2022, then slumped by 33.72% to 0.05 in 2023, then rose by 24.34% to 0.06 in 2024, then advanced by 3.75% to 0.07 in 2025, then gained by 24.91% to 0.08 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.08, 0.09, and 0.07 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 0.02 |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 0.08 |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | 0.71 |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | 0.01 |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | 0.46 |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 0.44 |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | 0.49 |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | 0.08 |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | 0.27 |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | 0.03 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.08 |
| Mar 31, 2026 | 0.09 |
| Dec 31, 2025 | 0.07 |
| Sep 30, 2025 | 0.07 |
| Jun 30, 2025 | 0.07 |
| Mar 31, 2025 | 0.07 |
| Dec 31, 2024 | 0.06 |
| Sep 30, 2024 | 0.07 |
| Jun 30, 2024 | 0.07 |
| Mar 31, 2024 | 0.07 |
| Dec 31, 2023 | 0.05 |
| Sep 30, 2023 | 0.08 |
| Jun 30, 2023 | 0.08 |
| Mar 31, 2023 | 0.08 |
| Dec 31, 2022 | 0.08 |
| Sep 30, 2022 | 0.08 |
| Jun 30, 2022 | 0.10 |
| Mar 31, 2022 | 0.10 |
| Dec 31, 2021 | 0.07 |
| Sep 30, 2021 | 0.09 |