Formula Systems (1985) Ltd (FORTY)
82.73
0.00 (0.00%)
USD |
NASDAQ |
Nov 21, 16:00
Formula Systems Debt to Equity Ratio: 0.7339 for June 30, 2024
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| June 30, 2024 | 0.7339 |
| March 31, 2024 | 0.797 |
| December 31, 2023 | 0.865 |
| September 30, 2023 | 0.9902 |
| June 30, 2023 | 1.051 |
| March 31, 2023 | 1.099 |
| December 31, 2022 | 1.174 |
| September 30, 2022 | 1.191 |
| June 30, 2022 | 1.036 |
| March 31, 2022 | 1.200 |
| December 31, 2021 | 1.084 |
| September 30, 2021 | 1.209 |
| June 30, 2021 | 1.121 |
| March 31, 2021 | 0.9977 |
| December 31, 2020 | 1.084 |
| September 30, 2020 | 1.242 |
| June 30, 2020 | 1.299 |
| March 31, 2020 | 1.332 |
| December 31, 2019 | 1.172 |
| September 30, 2019 | 1.173 |
| June 30, 2019 | 1.197 |
| March 31, 2019 | 1.163 |
| December 31, 2018 | 1.038 |
| September 30, 2018 | 1.053 |
| June 30, 2018 | 1.032 |
| Date | Value |
|---|---|
| March 31, 2018 | 1.028 |
| December 31, 2017 | 0.9605 |
| September 30, 2017 | 0.9884 |
| June 30, 2017 | 0.8782 |
| March 31, 2017 | 0.7513 |
| December 31, 2016 | 0.77 |
| September 30, 2016 | 0.582 |
| June 30, 2016 | 0.6236 |
| March 31, 2016 | 0.6556 |
| December 31, 2015 | 0.667 |
| September 30, 2015 | 0.5393 |
| June 30, 2015 | 0.3797 |
| March 31, 2015 | 0.3625 |
| December 31, 2014 | 0.4764 |
| September 30, 2014 | 0.3706 |
| June 30, 2014 | 0.4045 |
| March 31, 2014 | 0.3749 |
| December 31, 2013 | 0.3071 |
| September 30, 2013 | 0.3834 |
| June 30, 2013 | 0.3848 |
| March 31, 2013 | 0.3898 |
| December 31, 2012 | 0.4244 |
| September 30, 2012 | 0.3862 |
| June 30, 2012 | 0.3849 |
| March 31, 2012 | 0.3784 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
0.7339
Minimum
Jun 2024
1.332
Maximum
Mar 2020
1.088
Average
1.099
Median
Mar 2023
Debt to Equity Ratio Benchmarks
| Magic Software Enterprises Ltd | 0.2353 |
| MIND C.T.I. Ltd | 0.00 |
| Nayax Ltd | 0.2991 |
| SatixFy Communications Ltd | -0.829 |
| Silynxcom Ltd | 0.1277 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 2.703B |
| Total Liabilities (Quarterly) | 1.376B |
| Shareholders Equity (Quarterly) | 644.02M |
| Current Ratio | 1.399 |
| Net Debt Paydown Yield | 2.68% |