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 FORTY cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see Formula cash flow conversion.
Annual Financial Flexibility Index for Formula (1998–2025)
Year-by-year free cash flow to debt coverage for Formula. Explore Formula cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
| 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 | — |