Formula Systems (1985) (FORTY) Interest Expenses (2010 - 2019)
Formula Systems (1985)'s (FORTY) quarterly Interest Expenses came in at $13.5 million in Q2 2019, up 33.73% YoY from $10.1 million in Q2 2018, and down 45.74% on a QoQ basis from $25.0 million in Q4 2018.
Formula Systems (1985) (FORTY) Interest Expenses (2010 - 2019) Analysis & Trends
Formula Systems (1985) (FORTY) has 10 years of Interest Expenses data on file, last reported at $13.5 million in Q2 2019.
- Quarterly Interest Expenses rose 33.73% year-over-year to $13.5 million in Q2 2019, while the trailing twelve-month figure through Mar 2020 was $13.5 million (down 55.86% YoY) and the FY2025 annual result came in at $63.6 million, up 82.09% from the prior year.
- Interest Expenses slipped to $13.5 million in Q2 2019, from $25.0 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $47.1 million in Q4 2017 to a low of -$4.4 million in Q3 2018.
- A 5-year average of $12.2 million and a median of $10.0 million in 2015 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2016 — Interest Expenses tumbled 100.0% — and 2017, when it soared 314326766.67%.
- Tracing FORTY's Interest Expenses over 5 years: stood at $9.9 million in 2015, then sank by 100.0% to -$15.0 in 2016, then soared by 314326766.67% to $47.1 million in 2017, then tumbled by 47.07% to $25.0 million in 2018, then plunged by 45.74% to $13.5 million in 2019.
- The last three Interest Expenses figures came in at $13.5 million (Q2 2019), $25.0 million (Q4 2018), and -$4.4 million (Q3 2018), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 222.17 Bn | 210.81 Bn | 9.91 Bn | 486.00 Mn |
| 2 | Accenture | 113.08 Bn | 102.91 Bn | 6.13 Bn | 70.65 Mn |
| 3 | Infosys | 48.61 Bn | 48.61 Bn | 1.60 Bn | 13.00 Mn |
| 4 | Cgi | 33.08 Bn | 32.62 Bn | - | 22.08 Mn |
| 5 | Cognizant Technology Solutions | 28.83 Bn | 27.78 Bn | 1.83 Bn | 13.00 Mn |
| 6 | Fidelity National Information Services | 21.35 Bn | 20.61 Bn | 1.17 Bn | 200.00 Mn |
| 7 | Broadridge Financial Solutions | 21.18 Bn | 20.78 Bn | 853.00 Mn | - |
| 8 | Wipro | 19.66 Bn | 18.59 Bn | 738.00 Mn | -49.94 Mn |
| 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 | 13.54 Mn |
| Jun 30, 2019 | 13.54 Mn |
| Dec 31, 2018 | 24.96 Mn |
| Dec 31, 2018 | 24.96 Mn |
| Sep 30, 2018 | -4.41 Mn |
| Sep 30, 2018 | -4.41 Mn |
| Jun 30, 2018 | 10.13 Mn |
| Jun 30, 2018 | 10.13 Mn |
| Dec 31, 2017 | 47.15 Mn |
| Dec 31, 2017 | 47.15 Mn |
| Sep 30, 2017 | -3.59 Mn |
| Sep 30, 2017 | -3.59 Mn |
| Dec 31, 2016 | -15.00 |
| Dec 31, 2016 | -15.00 |
| Dec 31, 2015 | 9.87 Mn |
| Dec 31, 2015 | 9.87 Mn |
| Dec 31, 2014 | 12.37 Mn |
| Dec 31, 2014 | 12.37 Mn |
| Dec 31, 2013 | 20.69 Mn |
| Dec 31, 2013 | 20.69 Mn |