Formula (FORTY) — Defensive Interval Ratio

Latest as of December 2025: 213 days

Formula (FORTY) has a Defensive Interval Ratio of 213 days as of December 2025. Defensive assets of ILA775.00 Million (cash ILA-, short-term investments ILA372.08K, receivables ILA774.63 Million) cover 213 days of daily cash needs of ILA3.65 Million/day. Check Formula (FORTY) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Defensive Interval Ratio

213 days
Days of operational coverage

Defensive Assets

ILA775.00 Million
Cash + ST Investments + Receivables

Daily Cash Need

ILA3.65 Million
Current Liabilities ÷ 365

Current Liabilities

ILA1.33 Billion
ILA

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 December 2025, the ratio stands at 213 days, meaning defensive assets of ILA775.00 Million can fund 213 days of operations without new revenue. Also explore FORTY year-over-year net asset growth to track the company's year-over-year net asset growth rate.

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. For live market cap and the full company financial profile, see Formula (FORTY) total market value.

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 —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)