Formula Cash Flow Quality Index
Formula cash flow quality index. 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. See FORTY FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of Formula (1998–2025)
Cash flow quality index of Formula from 1998 to 2025. Historical Cash Flow Quality Index for Formula across 26 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore cash flow to debt ratio of Formula to assess how comfortably operating cash covers total debt obligations.
Formula Cash Flow Quality Index by Year (1998–2025)
Formula cash flow quality index by year from 1998 to 2025. Year-by-year earnings quality comparison for Formula. For the full cash flow conversion analysis, see Formula cash flow conversion.
| 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 | — |