Formula Systems (FORTY)

16.00 -0.22  -1.36%  May 25, 11:00PM Go Pro
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Formula Systems Current Ratio: 1.710

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FORTY Current Ratio Rankings

Overall 48th percentile 2261 of 4373
Sector 31st percentile 559 of 813 in Technology
Industry 45th percentile 31 of 57 in Business Software & Services

FORTY Current Ratio Range, Past 5 Years

Minimum 1.649 Jun 2007
Maximum 2.494 Mar 2008
Average 1.968

About Current Ratio

The current ratio measures a company's ability to pay short-term debts and other current liabilities (financial obligations lasting less than one year) by comparing current assets to current liabilities. Current assets are cash and any assets expected to be converted into cash within the next year. The ratio illustrates a company's ability to remain solvent.

A current ratio of 1 means that book value of current assets is exactly the same as book value of current liabilities. In general, investors look for a company with a current ratio of 2:1, meaning that it has twice as many current assets as current liabilities. A current ratio less than one indicates the company might have problems meeting short-term financial obligations. If the ratio is too high, the company may not be efficiently using its current assets or short term financing facilities.
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FORTY News

Magic Announces Filing of 2011 Annual Report
Apr 03, 12:26PM PR Newswire
Sapiens signs $27M 4-year frame agreement
Nov 27, 11:41AM FlyOnTheWall
Watch $FORTY expanding revenue and returns nicely and stock is on fire over past 6 months
about 872 days ago by cep15

Recent Quotes

Symbol Price Chg Chg % Market Cap
FORTY 16.00 -0.22 -1.36% 226.24M
FORR 33.38 +0.07 +0.21% 755.14M
FORM 5.66 +0.01 +0.18% 280.30M
FORD 2.24 +0.14 +6.41% 17.05M
FOR 13.79 +0.01 +0.07% 477.61M
FONE 22.36 +0.06 +0.27%
FOLD 4.89 -0.10 -2.00% 222.80M
FOH 0.37 +0.00 +0.00% 14.40M
FOF 12.20 +0.11 +0.91%
FOE 4.61 +0.03 +0.66% 396.49M
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