Formula Systems (1985) (FORTY) Non-Current Debt (2010 - 2026)
Formula Systems (1985) (FORTY) posted quarterly Non-Current Debt of $240.6 million for Q1 2026, up 59.87% year-on-year from $150.5 million in Q1 2025, and up 35.23% on a QoQ basis from $177.9 million in Q4 2025.
Formula Systems (1985) (FORTY) Non-Current Debt (2010 - 2026) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Non-Current Debt for 17 consecutive years, with $240.6 million the latest figure, recorded in Q1 2026.
- Quarterly Non-Current Debt rose 59.87% year-over-year to $240.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $240.6 million (up 59.87% YoY) and the FY2025 annual result came in at $177.9 million, up 183.58% from the prior year.
- Non-Current Debt advanced to $240.6 million in Q1 2026 per FORTY's latest filing, from $177.9 million in the prior quarter.
- Over the last five years, Non-Current Debt for FORTY reached as high as $256.5 million in Q1 2022 and fell as low as $62.7 million in Q4 2024.
- A 5-year average of $138.7 million and a median of $118.5 million in 2023 frame the typical range for Non-Current Debt.
- Annual changes were most pronounced in 2023 — Non-Current Debt sank 56.67% — and 2025, when it surged 183.58%.
- Year by year, Non-Current Debt stood at $115.9 million in 2022, then decreased by 21.56% to $90.9 million in 2023, then slumped by 30.98% to $62.7 million in 2024, then jumped by 183.58% to $177.9 million in 2025, then soared by 35.23% to $240.6 million in 2026.
- According to Business Quant data, Non-Current Debt over the past three periods registered $240.6 million, $177.9 million, and $173.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | International Business Machines | 193.88 Bn | 178.95 Bn | 9.91 Bn | 56.21 Bn |
| 2 | Accenture | 84.94 Bn | 75.26 Bn | 6.13 Bn | 5.03 Bn |
| 3 | GDS Holdings | 50.55 Bn | 48.40 Bn | 164.04 Mn | - |
| 4 | Infosys | 44.05 Bn | 44.79 Bn | 1.60 Bn | - |
| 5 | Cgi | 41.25 Bn | 40.60 Bn | - | 2.04 Bn |
| 6 | Fidelity National Information Services | 20.63 Bn | 19.87 Bn | 1.11 Bn | 16.89 Bn |
| 7 | Cognizant Technology Solutions | 20.39 Bn | 18.87 Bn | 1.78 Bn | 535.00 Mn |
| 8 | Wipro | 18.65 Bn | 17.52 Bn | 738.00 Mn | - |
| 9 | Broadridge Financial Solutions | 16.79 Bn | 16.48 Bn | 626.90 Mn | 3.23 Bn |
| 10 | Formula Systems (1985) | 1.63 Bn | 883.74 Mn | 146.04 Bn | 240.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 240.57 Mn |
| Dec 31, 2025 | 177.90 Mn |
| Sep 30, 2025 | 173.94 Mn |
| Jun 30, 2025 | 158.39 Mn |
| Mar 31, 2025 | 150.47 Mn |
| Dec 31, 2024 | 62.73 Mn |
| Sep 30, 2024 | 66.04 Mn |
| Jun 30, 2024 | 63.56 Mn |
| Mar 31, 2024 | 70.85 Mn |
| Dec 31, 2023 | 90.89 Mn |
| Sep 30, 2023 | 103.17 Mn |
| Jun 30, 2023 | 118.54 Mn |
| Mar 31, 2023 | 111.13 Mn |
| Dec 31, 2022 | 115.87 Mn |
| Sep 30, 2022 | 174.31 Mn |
| Jun 30, 2022 | 223.39 Mn |
| Mar 31, 2022 | 256.46 Mn |
| Dec 31, 2021 | 157.23 Mn |
| Sep 30, 2021 | 204.01 Mn |
| Jun 30, 2021 | 159.52 Mn |