Formula Systems 1985 Ltd ADR (FORTY) — Defensive Interval Ratio
Formula Systems 1985 Ltd ADR (FORTY) has a Defensive Interval Ratio of 222 days as of September 2025. Defensive assets of $784.87 Million (cash $-, short-term investments $770.00K, receivables $784.10 Million) cover 222 days of daily cash needs of $3.54 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Formula Systems 1985 Ltd ADR Defensive Interval Ratio (1998–2024)
This chart shows how Formula Systems 1985 Ltd ADR's Defensive Interval Ratio has evolved across 27 annual periods from 1998 to 2024. As of September 2025, the ratio stands at 222 days, meaning defensive assets of $784.87 Million can fund 222 days of operations without new revenue. For the complete balance sheet picture, see Formula Systems 1985 Ltd ADR assets under control.
Annual Defensive Interval Ratio for Formula Systems 1985 Ltd ADR (1998–2024)
The table below presents the year-by-year Defensive Interval Ratio for Formula Systems 1985 Ltd ADR from 1998 to 2024, covering 27 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See working capital position of Formula Systems 1985 Ltd ADR to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2024 | 286 days | $893.63 Million | $3.12 Million/day | $- | $55.40 Million | ▼ -9 days |
| 2023 | 295 days | $797.23 Million | $2.70 Million/day | $- | $76.22 Million | ▲ +22 days |
| 2022 | 273 days | $749.79 Million | $2.75 Million/day | $- | $24.71 Million | ▼ -16 days |
| 2021 | 288 days | $746.63 Million | $2.59 Million/day | $- | $27.07 Million | ▲ +13 days |
| 2020 | 275 days | $587.67 Million | $2.14 Million/day | $- | $31.53 Million | ▼ -46 days |
| 2019 | 321 days | $589.58 Million | $1.84 Million/day | $- | $36.49 Million | ▼ -15 days |
| 2018 | 335 days | $483.30 Million | $1.44 Million/day | $- | $26.79 Million | ▼ -61 days |
| 2017 | 396 days | $445.27 Million | $1.12 Million/day | $- | $14.88 Million | ▼ -1 days |
| 2016 | 398 days | $391.89 Million | $984.97K/day | $- | $37.53 Million | ▲ +23 days |
| 2015 | 375 days | $263.00 Million | $700.68K/day | $- | $19.80 Million | ▼ -20 days |
| 2014 | 395 days | $250.72 Million | $634.71K/day | $- | $22.24 Million | ▲ +16 days |
| 2013 | 379 days | $227.73 Million | $600.89K/day | $- | $18.63 Million | ▼ -7 days |
| 2012 | 386 days | $235.90 Million | $611.32K/day | $- | $14.87 Million | ▼ -21 days |
| 2011 | 407 days | $200.09 Million | $491.94K/day | $- | $19.52 Million | ▲ +12 days |
| 2010 | 395 days | $192.56 Million | $487.65K/day | $- | $38.19 Million | ▼ -61 days |
| 2009 | 456 days | $199.82 Million | $438.13K/day | $- | $58.41 Million | ▲ +54 days |
| 2008 | 402 days | $209.34 Million | $521.06K/day | $- | $46.16 Million | ▼ -7 days |
| 2007 | 408 days | $179.75 Million | $440.13K/day | $- | $40.28 Million | ▲ +91 days |
| 2006 | 318 days | $155.02 Million | $488.19K/day | $- | $16.08 Million | ▲ +94 days |
| 2005 | 223 days | $148.58 Million | $665.84K/day | $- | $36.19 Million | ▲ +13 days |
| 2004 | 210 days | $153.61 Million | $731.39K/day | $- | $39.07 Million | ▲ +7 days |
| 2003 | 203 days | $102.38 Million | $504.94K/day | $- | $8.77 Million | ▲ +39 days |
| 2002 | 164 days | $79.74 Million | $486.02K/day | $- | $12.10 Million | ▼ -106 days |
| 2001 | 270 days | $122.69 Million | $454.20K/day | $- | $11.25 Million | ▼ -183 days |
| 2000 | 453 days | $170.78 Million | $376.90K/day | $- | $19.90 Million | ▼ -27 days |
| 1999 | 480 days | $168.72 Million | $351.68K/day | $- | $25.11 Million | ▼ -15 days |
| 1998 | 495 days | $135.40 Million | $273.42K/day | $- | $32.20 Million | — |