Formula Systems (1985) (FORTY) Interest Expenses (2010 - 2019)

Formula Systems (1985) (FORTY) has reported Interest Expenses for 10 consecutive years, with $13.5 million the latest figure, recorded 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 fell to $13.5 million in Q2 2019 per FORTY's latest filing, from $25.0 million in the prior quarter.
• Over the last five years, Interest Expenses for FORTY reached as high as $47.1 million in Q4 2017 and fell as low as -$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 slumped 100.0% — and 2017, when it jumped 314326766.67%.
• Year by year, Interest Expenses stood at $9.9 million in 2015, then slumped by 100.0% to -$15.0 in 2016, then soared by 314326766.67% to $47.1 million in 2017, then plunged by 47.07% to $25.0 million in 2018, then sank by 45.74% to $13.5 million in 2019.
• According to Business Quant data, Interest Expenses over the past three periods registered $13.5 million, $25.0 million, and -$4.4 million for Q2 2019, Q4 2018, and Q3 2018 respectively.