Formula Cash Flow-to-Debt Ratio
Formula cash flow-to-debt ratio. Formula (FORTY) has a Cash Flow-to-Debt Ratio of 0.23x as of December 2025, meaning its operating cash flow of ILA420.06 Million could theoretically repay 0% of its total liabilities (ILA1.81 Billion) in one year. Check earnings quality score of Formula to evaluate the quality of earnings relative to operating cash generation.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Formula (1998–2025)
Cash flow-to-debt ratio of Formula from 1998 to 2025. Historical debt coverage capacity for Formula across 28 annual periods. Check Formula total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Formula Cash Flow-to-Debt Ratio by Year (1998–2025)
Formula cash flow-to-debt ratio by year from 1998 to 2025. Year-by-year debt coverage analysis for Formula. For the full cash flow conversion analysis, see FORTY cash generation efficiency.
| Year | CF-to-Debt Ratio | Operating CF (ILA) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.23x | ILA420.06 Million | ILA1.81 Billion | ▲ +16.5% |
| 2024 | 0.20x | ILA324.45 Million | ILA1.63 Billion | ▲ +1.8% |
| 2023 | 0.20x | ILA294.97 Million | ILA1.50 Billion | ▲ +32.6% |
| 2022 | 0.15x | ILA239.14 Million | ILA1.62 Billion | ▲ +11.2% |
| 2021 | 0.13x | ILA208.48 Million | ILA1.57 Billion | ▼ -34.5% |
| 2020 | 0.20x | ILA286.94 Million | ILA1.41 Billion | ▲ +23.5% |
| 2019 | 0.16x | ILA196.08 Million | ILA1.19 Billion | ▲ +71.1% |
| 2018 | 0.10x | ILA82.59 Million | ILA859.33 Million | ▼ -6.5% |
| 2017 | 0.10x | ILA80.98 Million | ILA788.10 Million | ▼ -13.0% |
| 2016 | 0.12x | ILA74.95 Million | ILA634.82 Million | ▲ +18.7% |
| 2015 | 0.10x | ILA54.40 Million | ILA546.74 Million | ▲ +178.9% |
| 2014 | 0.04x | ILA16.67 Million | ILA467.32 Million | ▼ -79.4% |
| 2013 | 0.17x | ILA68.55 Million | ILA395.64 Million | ▼ -2.2% |
| 2012 | 0.18x | ILA73.07 Million | ILA412.54 Million | ▲ +109.5% |
| 2011 | 0.08x | ILA25.83 Million | ILA305.54 Million | ▼ -54.2% |
| 2010 | 0.18x | ILA53.37 Million | ILA289.38 Million | ▼ -10.1% |
| 2009 | 0.21x | ILA55.64 Million | ILA271.12 Million | ▲ +38.3% |
| 2008 | 0.15x | ILA47.38 Million | ILA319.25 Million | ▲ +5.1% |
| 2007 | 0.14x | ILA43.27 Million | ILA306.32 Million | ▲ +78.0% |
| 2006 | 0.08x | ILA25.95 Million | ILA327.07 Million | ▲ +351.8% |
| 2005 | 0.02x | ILA6.29 Million | ILA357.96 Million | ▼ -64.7% |
| 2004 | 0.05x | ILA17.81 Million | ILA357.66 Million | ▲ +15.3% |
| 2003 | 0.04x | ILA12.29 Million | ILA284.66 Million | ▲ +111.3% |
| 2002 | 0.02x | ILA4.97 Million | ILA243.12 Million | ▲ +217.6% |
| 2001 | 0.01x | ILA1.18 Million | ILA182.72 Million | ▼ -81.7% |
| 2000 | 0.04x | ILA5.65 Million | ILA160.75 Million | ▼ -61.1% |
| 1999 | 0.09x | ILA13.41 Million | ILA148.33 Million | ▼ -71.4% |
| 1998 | 0.32x | ILA34.70 Million | ILA109.60 Million | — |