Formula Systems (1985) (FORTY) Total Debt (2009 - 2026)
Formula Systems (1985)'s Total Debt was $82.52 million in Q2 2026, down 11.7% from $93.41 million a year earlier but up 4.9% from the prior quarter.
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Analysis
Formula Systems (1985) (FORTY) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Total Debt at Formula Systems (1985) came in at $137.9 million, down 0.9% from FY2024.
- Total Debt shows a five-year compound annual growth rate of -10.4% (FY2020 to FY2025).
- In earlier years, Total Debt was $139.2 million in FY2024 (+27.9%), $108.87 million in FY2023 (-15.5%), $128.79 million in FY2022 (-47.3%) and $244.59 million in FY2021 (+2.4%).
- Quarterly Total Debt has moved between $36.4 million (Q2 2022) and $244.59 million (Q4 2021) over five years.
- Compared with a year earlier, Total Debt has declined for three straight quarters, with growth averaging 9.1% over the last eight quarters.
- The best year-over-year quarter for Total Debt over five years was Q2 2023 (growth of 81.3%); the worst was Q4 2022 (a decline of 47.3%).
- Per Business Quant data, FORTY's Total Debt in the three quarters before Q2 2026 was $78.7 million (Q1 2026), $137.9 million (Q4 2025) and $75.31 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Infosys | 52.40 Bn | 38.90 Bn | 1.60 Bn | - |
| 2 | Cognizant Technology Solutions | 32.46 Bn | 25.62 Bn | 1.83 Bn | 1.56 Bn |
| 3 | Wipro | 22.47 Bn | 17.61 Bn | 745.00 Mn | 1.93 Bn |
| 4 | Cdw | 20.15 Bn | 18.14 Bn | 1.32 Bn | 5.82 Bn |
| 5 | Td Synnex | 19.94 Bn | 14.10 Bn | 1.43 Bn | 5.52 Bn |
| 6 | Cgi | 17.74 Bn | 15.53 Bn | - | 2.61 Bn |
| 7 | Arrow Electronics | 11.21 Bn | 10.16 Bn | 1.13 Bn | 2.17 Bn |
| 8 | Avnet | 7.65 Bn | 6.83 Bn | 865.03 Mn | 3.23 Bn |
| 9 | EPAM Systems | 7.01 Bn | 2.65 Bn | 429.57 Mn | 25.00 Mn |
| 10 | Formula Systems (1985) | 1.83 Bn | -1.52 Bn | 158.43 Mn | 168.15 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 168.15 Mn |
| Mar 31, 2026 | 157.71 Mn |
| Dec 31, 2025 | 179.86 Mn |
| Sep 30, 2025 | 136.71 Mn |
| Jun 30, 2025 | 150.29 Mn |
| Mar 31, 2025 | 141.10 Mn |
| Dec 31, 2024 | 240.51 Mn |
| Sep 30, 2024 | 115.20 Mn |
| Jun 30, 2024 | 113.61 Mn |
| Mar 31, 2024 | 123.90 Mn |
| Dec 31, 2023 | 267.53 Mn |
| Sep 30, 2023 | 115.41 Mn |
| Jun 30, 2023 | 117.20 Mn |
| Mar 31, 2023 | 136.99 Mn |
| Dec 31, 2022 | 366.13 Mn |
| Sep 30, 2022 | 113.56 Mn |
| Jun 30, 2022 | 80.08 Mn |
| Mar 31, 2022 | 88.97 Mn |
| Dec 31, 2021 | 244.59 Mn |
| Sep 30, 2021 | 84.18 Mn |
API Access
Formula Systems (1985) Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=FORTY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "FORTY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=FORTY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();