Formula (FORTY) — Cash Flow Quality Index
Latest as of December 2025:
94.66x
Formula (FORTY) has a Cash Flow Quality Index of 94.66x as of December 2025. Operating cash flow of ILA420.06 Million exceeds net income of ILA4.44 Million, indicating high earnings quality where cash backs reported profits. Explore FORTY operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
94.66x
Operating CF / Net Income
Operating Cash Flow
ILA420.06 Million
ILA
Net Income
ILA4.44 Million
ILA
Data as of
Dec 2025
Most recent filing
Formula Cash Flow Quality Index (1998–2025)
Historical Cash Flow Quality Index for Formula across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see FORTY operating cash flow.
Annual Cash Flow Quality Index for Formula (1998–2025)
Year-by-year earnings quality comparison for Formula.
| Year | Quality Index | Operating CF (ILA) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 10.63x | ILA420.06 Million | ILA39.53 Million | ▲ +534.8% |
| 2024 | 1.67x | ILA324.45 Million | ILA193.79 Million | ▼ -5.9% |
| 2023 | 1.78x | ILA294.97 Million | ILA165.73 Million | ▲ +48.6% |
| 2022 | 1.20x | ILA239.14 Million | ILA199.67 Million | ▼ -18.5% |
| 2021 | 1.47x | ILA208.48 Million | ILA141.90 Million | ▼ -41.6% |
| 2020 | 2.52x | ILA286.94 Million | ILA114.02 Million | ▲ +21.2% |
| 2019 | 2.08x | ILA196.08 Million | ILA94.42 Million | ▲ +94.6% |
| 2018 | 1.07x | ILA82.59 Million | ILA77.39 Million | ▼ -48.0% |
| 2017 | 2.05x | ILA80.98 Million | ILA39.44 Million | ▲ +53.7% |
| 2016 | 1.34x | ILA74.95 Million | ILA56.10 Million | ▲ +127.1% |
| 2015 | 0.59x | ILA54.40 Million | ILA92.45 Million | ▲ +234.1% |
| 2014 | 0.18x | ILA16.67 Million | ILA94.69 Million | ▼ -72.5% |
| 2013 | 0.64x | ILA68.55 Million | ILA107.06 Million | ▼ -58.4% |
| 2012 | 1.54x | ILA73.07 Million | ILA47.48 Million | ▲ +276.1% |
| 2011 | 0.41x | ILA25.83 Million | ILA63.13 Million | ▼ -73.2% |
| 2010 | 1.52x | ILA53.37 Million | ILA35.00 Million | ▼ -9.5% |
| 2009 | 1.68x | ILA55.64 Million | ILA33.03 Million | ▼ -57.8% |
| 2008 | 3.99x | ILA47.38 Million | ILA11.87 Million | ▲ +243.8% |
| 2007 | 1.16x | ILA43.27 Million | ILA37.26 Million | ▼ -55.2% |
| 2006 | 2.59x | ILA25.95 Million | ILA10.02 Million | ▼ -92.5% |
| 2005 | 34.35x | ILA6.29 Million | ILA183.00K | ▲ +1462.4% |
| 2004 | 2.20x | ILA17.81 Million | ILA8.10 Million | ▼ -44.2% |
| 2003 | 3.94x | ILA12.29 Million | ILA3.12 Million | ▲ +2689.9% |
| 2000 | 0.14x | ILA5.65 Million | ILA40.02 Million | ▼ -51.4% |
| 1999 | 0.29x | ILA13.41 Million | ILA46.19 Million | ▼ -77.7% |
| 1998 | 1.30x | ILA34.70 Million | ILA26.60 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.