Formula Systems (1985) (FORTY) Interest Coverage Ratio (2017 - 2019)
Formula Systems (1985)'s (FORTY) quarterly Interest Coverage Ratio came in at 2.42 in Q2 2019, down 1.21% on a YoY basis from 2.45 in Q2 2018, and up 150.18% quarter-over-quarter from 4.81 in Q4 2018.
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Formula Systems (1985) (FORTY) Interest Coverage Ratio (2017 - 2019) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Interest Coverage Ratio for 3 consecutive years, with 2.42 the latest figure, recorded in Q2 2019.
- For the quarter ending Q2 2019, Interest Coverage Ratio fell 1.21% year-over-year to 2.42; the trailing twelve-month figure through Jun 2019 stood at 9.87 (changed N/A YoY), and the FY2025 full-year result was 2.94, down 63.14% from the prior year.
- Interest Coverage Ratio advanced to 2.42 in Q2 2019 per FORTY's latest filing, from 4.81 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 2.45 in Q2 2018 and bottomed at 6.1 in Q3 2017.
- Historically, Interest Coverage Ratio has averaged 2.27 across 3 years, with a median of 3.19 in 2017.
- The widest YoY moves for Interest Coverage Ratio: up 1.21% in 2018, down 206.43% in 2018.
- Over 3 years, Interest Coverage Ratio stood at 1.57 in 2017, then plunged by 206.43% to 4.81 in 2018, then jumped by 150.18% to 2.42 in 2019.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 2.42, 4.81, and 6.02 for Q2 2019, Q4 2018, and Q3 2018 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 44.97 Bn | 44.97 Bn | 1.60 Bn | 85.40 |
| 2 | Cognizant Technology Solutions | 27.17 Bn | 26.12 Bn | 1.83 Bn | 67.23 |
| 3 | Cgi | 15.39 Bn | 14.81 Bn | - | 21.76 |
| 4 | EPAM Systems | 5.98 Bn | 5.19 Bn | 429.57 Mn | - |
| 5 | Science Applications International | 5.46 Bn | 5.34 Bn | 239.00 Mn | 4.61 |
| 6 | ExlService Holdings | 5.28 Bn | 5.00 Bn | 225.96 Mn | 17.22 |
| 7 | Kyndryl Holdings | 2.79 Bn | 680.69 Mn | 776.00 Mn | 4.29 |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | - |
| 9 | DXC Technology | 1.80 Bn | -204.47 Mn | 611.00 Mn | -39.04 |
| 10 | Innodata | 1.78 Bn | 1.53 Bn | 42.46 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2019 | 2.42 |
| Dec 31, 2018 | -4.81 |
| Sep 30, 2018 | -6.02 |
| Jun 30, 2018 | 2.45 |
| Dec 31, 2017 | -1.57 |
| Sep 30, 2017 | -6.10 |