Formula Systems (1985) (FORTY) Interest Coverage Ratio (2010 - 2019)
Formula Systems (1985)'s (FORTY) quarterly Interest Coverage Ratio came in at 2.42 in Q2 2019, down 1.21% YoY from 2.45 in Q2 2018, and up 85.66% on a QoQ basis from 1.3 in Q4 2018.
Formula Systems (1985) (FORTY) Interest Coverage Ratio (2010 - 2019) Analysis & Trends
Formula Systems (1985) (FORTY) has 10 years of Interest Coverage Ratio data on file, last reported at 2.42 in Q2 2019.
- Quarterly Interest Coverage Ratio fell 1.21% year-over-year to 2.42 in Q2 2019, while the trailing twelve-month figure through Mar 2020 was 10.75 (up 185.64% YoY) and the FY2025 annual result came in at 2.94, down 63.14% from the prior year.
- Interest Coverage Ratio improved to 2.42 in Q2 2019, from 1.3 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 2.45 in Q2 2018 to a low of 1566133.33 in Q4 2016.
- A 5-year average of 195767.09 and a median of 0.86 in 2017 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2016 — Interest Coverage Ratio tumbled 73694780.72% — and 2018, when it jumped 210.16%.
- Tracing FORTY's Interest Coverage Ratio over 5 years: stood at 2.13 in 2015, then plunged by 73694780.72% to 1566133.33 in 2016, then soared by 100.0% to 0.42 in 2017, then jumped by 210.16% to 1.3 in 2018, then jumped by 85.66% to 2.42 in 2019.
- The last three Interest Coverage Ratio figures came in at 2.42 (Q2 2019), 1.3 (Q4 2018), and 6.02 (Q3 2018), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.17 Bn | 210.81 Bn | 9.91 Bn | 5.38 |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 44.95 |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | 82.46 |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | 21.76 |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 67.23 |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | 2.54 |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | - |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | -8.29 |
| 9 | Leidos Holdings | 17.81 Bn | 17.07 Bn | 817.00 Mn | - |
| 10 | Formula Systems (1985) | 1.78 Bn | 597.45 Mn | 146.04 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2019 | 2.42 |
| Dec 31, 2018 | 1.30 |
| Sep 30, 2018 | -6.02 |
| Jun 30, 2018 | 2.45 |
| Dec 31, 2017 | 0.42 |
| Sep 30, 2017 | -6.10 |
| Dec 31, 2016 | -1.57 Mn |
| Dec 31, 2015 | 2.13 |
| Dec 31, 2014 | -41.67 |
| Dec 31, 2013 | 0.88 |
| Dec 31, 2012 | 0.60 |
| Dec 31, 2011 | 0.53 |
| Dec 31, 2010 | 1.89 |