Formula Financial Flexibility Index
Formula 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). See Formula (FORTY) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Formula (1998–2025)
Financial flexibility index of Formula from 1998 to 2025. Historical Financial Flexibility Index trend for Formula across 28 annual periods. Check FORTY cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Formula Financial Flexibility Index by Year (1998–2025)
Formula financial flexibility index by year from 1998 to 2025. Year-by-year free cash flow to debt coverage for Formula. For the full cash flow conversion analysis, see Formula operating cash flow efficiency.
| 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 | — |