Formula (FORTY) — Defensive Interval Ratio
Formula (FORTY) has a Defensive Interval Ratio of 239 days as of March 2026. Defensive assets of ILA845.55 Million (cash ILA-, short-term investments ILA994.00K, receivables ILA844.56 Million) cover 239 days of daily cash needs of ILA3.54 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Formula Defensive Interval Ratio (1998–2025)
This chart shows how Formula's Defensive Interval Ratio has evolved across 28 annual periods from 1998 to 2025. As of March 2026, the ratio stands at 239 days, meaning defensive assets of ILA845.55 Million can fund 239 days of operations without new revenue. For the complete balance sheet picture, see Formula assets under control.
Annual Defensive Interval Ratio for Formula (1998–2025)
The table below presents the year-by-year Defensive Interval Ratio for Formula from 1998 to 2025, covering 28 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 to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (ILA) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 213 days | ILA775.00 Million | ILA3.65 Million/day | ILA- | ILA372.08K | ▼ -76 days |
| 2024 | 289 days | ILA900.52 Million | ILA3.12 Million/day | ILA- | ILA55.40 Million | ▼ -23 days |
| 2023 | 312 days | ILA841.22 Million | ILA2.70 Million/day | ILA- | ILA76.22 Million | ▲ +39 days |
| 2022 | 273 days | ILA749.79 Million | ILA2.75 Million/day | ILA- | ILA24.71 Million | ▼ -16 days |
| 2021 | 288 days | ILA746.63 Million | ILA2.59 Million/day | ILA- | ILA27.07 Million | ▲ +13 days |
| 2020 | 275 days | ILA588.08 Million | ILA2.14 Million/day | ILA- | ILA31.53 Million | ▼ -24 days |
| 2019 | 299 days | ILA550.81 Million | ILA1.84 Million/day | ILA- | ILA36.49 Million | ▼ -36 days |
| 2018 | 336 days | ILA483.56 Million | ILA1.44 Million/day | ILA- | ILA26.79 Million | ▼ -37 days |
| 2017 | 373 days | ILA418.68 Million | ILA1.12 Million/day | ILA- | ILA14.88 Million | ▲ +1 days |
| 2016 | 372 days | ILA366.51 Million | ILA984.97K/day | ILA- | ILA37.53 Million | ▼ -57 days |
| 2015 | 429 days | ILA300.36 Million | ILA700.68K/day | ILA- | ILA19.80 Million | ▲ +86 days |
| 2014 | 343 days | ILA217.53 Million | ILA634.71K/day | ILA- | ILA22.24 Million | ▼ -36 days |
| 2013 | 379 days | ILA227.71 Million | ILA600.89K/day | ILA- | ILA18.63 Million | ▼ -7 days |
| 2012 | 386 days | ILA235.90 Million | ILA611.32K/day | ILA- | ILA14.87 Million | ▼ -21 days |
| 2011 | 407 days | ILA200.09 Million | ILA491.94K/day | ILA- | ILA19.52 Million | ▲ +12 days |
| 2010 | 395 days | ILA192.56 Million | ILA487.65K/day | ILA- | ILA38.19 Million | ▼ -86 days |
| 2009 | 481 days | ILA210.71 Million | ILA438.13K/day | ILA- | ILA58.41 Million | ▲ +89 days |
| 2008 | 392 days | ILA204.32 Million | ILA521.06K/day | ILA- | ILA46.16 Million | ▼ -16 days |
| 2007 | 408 days | ILA179.75 Million | ILA440.13K/day | ILA- | ILA40.28 Million | ▲ +91 days |
| 2006 | 318 days | ILA155.02 Million | ILA488.19K/day | ILA- | ILA16.08 Million | ▲ +94 days |
| 2005 | 223 days | ILA148.58 Million | ILA665.84K/day | ILA- | ILA36.19 Million | ▲ +13 days |
| 2004 | 210 days | ILA153.61 Million | ILA731.39K/day | ILA- | ILA39.07 Million | ▲ +7 days |
| 2003 | 203 days | ILA102.38 Million | ILA504.94K/day | ILA- | ILA8.77 Million | ▲ +39 days |
| 2002 | 164 days | ILA79.74 Million | ILA486.02K/day | ILA- | ILA12.10 Million | ▼ -106 days |
| 2001 | 270 days | ILA122.69 Million | ILA454.20K/day | ILA- | ILA11.25 Million | ▼ -183 days |
| 2000 | 453 days | ILA170.78 Million | ILA376.90K/day | ILA- | ILA19.90 Million | ▼ -27 days |
| 1999 | 480 days | ILA168.72 Million | ILA351.68K/day | ILA- | ILA25.11 Million | ▼ -15 days |
| 1998 | 495 days | ILA135.40 Million | ILA273.42K/day | ILA- | ILA32.20 Million | — |