Formula Systems (1985) (FORTY) Non Operating Interest Expenses (2017 - 2019)
Formula Systems (1985)'s (FORTY) quarterly Non Operating Interest Expenses came in at $13.5 million in Q2 2019, up 33.73% on a YoY basis from $10.1 million in Q2 2018, and up 300.73% quarter-over-quarter from -$6.7 million in Q4 2018.
Analysis
Formula Systems (1985) (FORTY) Non Operating Interest Expenses (2017 - 2019) Analysis & Trends
Formula Systems (1985) (FORTY) has reported Non Operating Interest Expenses for 3 consecutive years, with $13.5 million the latest figure, recorded in Q2 2019.
- For the quarter ending Q2 2019, Non Operating Interest Expenses rose 33.73% year-over-year to $13.5 million; the trailing twelve-month figure through Jun 2019 stood at $12.5 million (changed N/A YoY), and the FY2025 full-year result was $63.6 million, up 82.09% from the prior year.
- Non Operating Interest Expenses climbed to $13.5 million in Q2 2019 per FORTY's latest filing, from -$6.7 million in the prior quarter.
- Across five years, Non Operating Interest Expenses topped out at $13.5 million in Q2 2019 and bottomed at -$12.6 million in Q4 2017.
- Historically, Non Operating Interest Expenses has averaged -$612000.0 across 3 years, with a median of -$4.0 million in 2017.
- The widest YoY moves for Non Operating Interest Expenses: up 46.42% in 2018, down 22.71% in 2018.
- Over 3 years, Non Operating Interest Expenses stood at -$12.6 million in 2017, then surged by 46.42% to -$6.7 million in 2018, then surged by 300.73% to $13.5 million in 2019.
- According to Business Quant data, Non Operating Interest Expenses over the past three periods registered $13.5 million, -$6.7 million, and -$4.4 million for Q2 2019, Q4 2018, and Q3 2018 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 47.37 Bn | 47.42 Bn | 1.60 Bn | 13.00 Mn |
| 2 | Cognizant Technology Solutions | 28.16 Bn | 27.11 Bn | 1.83 Bn | 13.00 Mn |
| 3 | Cgi | 14.44 Bn | 13.86 Bn | - | - |
| 4 | EPAM Systems | 6.04 Bn | 5.25 Bn | 429.57 Mn | - |
| 5 | ExlService Holdings | 5.56 Bn | 5.27 Bn | 225.96 Mn | 5.07 Mn |
| 6 | Science Applications International | 5.32 Bn | 5.20 Bn | 239.00 Mn | - |
| 7 | Kyndryl Holdings | 2.86 Bn | 850.31 Mn | 776.00 Mn | 34.00 Mn |
| 8 | Formula Systems (1985) | 1.98 Bn | 1.56 Bn | 158.43 Mn | - |
| 9 | Innodata | 1.91 Bn | 1.66 Bn | 42.46 Mn | - |
| 10 | DXC Technology | 1.86 Bn | 135.62 Mn | 611.00 Mn | 55.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2019 | 13.54 Mn |
| Dec 31, 2018 | -6.75 Mn |
| Sep 30, 2018 | -4.41 Mn |
| Jun 30, 2018 | 10.13 Mn |
| Dec 31, 2017 | -12.59 Mn |
| Sep 30, 2017 | -3.59 Mn |