Formula (FORTY) — Financial Flexibility Index
Formula (FORTY) has a Financial Flexibility Index of 0.24x as of December 2025. Free cash flow of ILA437.57 Million (operating CF ILA420.06 Million minus capex ILA17.52 Million) represents 0% of total liabilities (ILA1.81 Billion). Check strategic asset allocation of Formula to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Formula Financial Flexibility Index (1998–2025)
Historical Financial Flexibility Index trend for Formula across 28 annual periods. See how liquid is Formula's working capital to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Formula (1998–2025)
Year-by-year free cash flow to debt coverage for Formula. For the full company profile including market capitalisation, see FORTY market cap.
| Year | Flexibility Index | Free Cash Flow (ILA) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.24x | ILA437.57 Million | ILA420.06 Million | ILA1.81 Billion | ▲ +11.4% |
| 2024 | 0.22x | ILA353.41 Million | ILA324.45 Million | ILA1.63 Billion | ▲ +0.0% |
| 2023 | 0.22x | ILA326.97 Million | ILA294.97 Million | ILA1.50 Billion | ▲ +26.3% |
| 2022 | 0.17x | ILA278.45 Million | ILA239.14 Million | ILA1.62 Billion | ▲ +12.7% |
| 2021 | 0.15x | ILA239.54 Million | ILA208.48 Million | ILA1.57 Billion | ▼ -31.7% |
| 2020 | 0.22x | ILA315.75 Million | ILA286.94 Million | ILA1.41 Billion | ▲ +14.5% |
| 2019 | 0.20x | ILA232.67 Million | ILA196.08 Million | ILA1.19 Billion | ▲ +62.5% |
| 2018 | 0.12x | ILA103.23 Million | ILA82.59 Million | ILA859.33 Million | ▼ -5.2% |
| 2017 | 0.13x | ILA99.89 Million | ILA80.98 Million | ILA788.10 Million | ▼ -14.6% |
| 2016 | 0.15x | ILA94.25 Million | ILA74.95 Million | ILA634.82 Million | ▲ +26.4% |
| 2015 | 0.12x | ILA64.21 Million | ILA54.40 Million | ILA546.74 Million | ▲ +156.3% |
| 2014 | 0.05x | ILA21.41 Million | ILA16.67 Million | ILA467.32 Million | ▼ -78.8% |
| 2013 | 0.22x | ILA85.32 Million | ILA68.55 Million | ILA395.64 Million | ▲ +2.9% |
| 2012 | 0.21x | ILA86.50 Million | ILA73.07 Million | ILA412.54 Million | ▲ +44.0% |
| 2011 | 0.15x | ILA44.48 Million | ILA25.83 Million | ILA305.54 Million | ▼ -28.3% |
| 2010 | 0.20x | ILA58.72 Million | ILA53.37 Million | ILA289.38 Million | ▼ -5.7% |
| 2009 | 0.22x | ILA58.35 Million | ILA55.64 Million | ILA271.12 Million | ▲ +33.6% |
| 2008 | 0.16x | ILA51.44 Million | ILA47.38 Million | ILA319.25 Million | ▼ -12.1% |
| 2007 | 0.18x | ILA56.13 Million | ILA43.27 Million | ILA306.32 Million | ▲ +16.8% |
| 2006 | 0.16x | ILA51.30 Million | ILA25.95 Million | ILA327.07 Million | ▲ +86.9% |
| 2005 | 0.08x | ILA30.04 Million | ILA6.29 Million | ILA357.96 Million | ▲ +27.6% |
| 2004 | 0.07x | ILA23.52 Million | ILA17.81 Million | ILA357.66 Million | ▲ +9.0% |
| 2003 | 0.06x | ILA17.18 Million | ILA12.29 Million | ILA284.66 Million | ▲ +75.7% |
| 2002 | 0.03x | ILA8.35 Million | ILA4.97 Million | ILA243.12 Million | ▼ -49.4% |
| 2001 | 0.07x | ILA12.41 Million | ILA1.18 Million | ILA182.72 Million | ▼ -49.6% |
| 2000 | 0.13x | ILA21.66 Million | ILA5.65 Million | ILA160.75 Million | ▼ -22.1% |
| 1999 | 0.17x | ILA25.64 Million | ILA13.41 Million | ILA148.33 Million | ▼ -59.5% |
| 1998 | 0.43x | ILA46.80 Million | ILA34.70 Million | ILA109.60 Million | — |