Formula Net Asset Quality Index
Formula net asset quality index. Formula (FORTY) has a Net Asset Quality Index of 50.1% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of ILA3.64 Billion minus total liabilities of ILA1.81 Billion yields net assets of ILA1.82 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See Formula book value and equity for net asset value and shareholders' equity analysis.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Formula (1998–2025)
Net asset quality index of Formula from 1998 to 2025. This chart shows how Formula's Net Asset Quality Index has evolved across 28 annual periods from 1998 to 2025. As of March 2026, the index stands at 50.1%, representing net assets of ILA1.82 Billion against total assets of ILA3.64 Billion ILA. Check FORTY strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Formula Net Asset Quality Index by Year (1998–2025)
Formula net asset quality index by year from 1998 to 2025. The table below presents the year-by-year Net Asset Quality Index for Formula from 1998 to 2025, covering 28 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see FORTY stock market capitalisation.
| Year | Quality Index | Net Assets (ILA) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 49.6% | ILA1.78 Billion | ILA3.58 Billion | ILA1.81 Billion | ▲ +3.5 pp |
| 2024 | 46.1% | ILA1.39 Billion | ILA3.01 Billion | ILA1.63 Billion | ▼ -0.4 pp |
| 2023 | 46.5% | ILA1.31 Billion | ILA2.81 Billion | ILA1.50 Billion | ▲ +4.4 pp |
| 2022 | 42.1% | ILA1.18 Billion | ILA2.79 Billion | ILA1.62 Billion | ▼ -0.8 pp |
| 2021 | 42.9% | ILA1.18 Billion | ILA2.75 Billion | ILA1.57 Billion | ▼ -1.0 pp |
| 2020 | 43.9% | ILA1.11 Billion | ILA2.52 Billion | ILA1.41 Billion | ▲ +1.0 pp |
| 2019 | 42.9% | ILA896.33 Million | ILA2.09 Billion | ILA1.19 Billion | ▼ -5.5 pp |
| 2018 | 48.4% | ILA805.14 Million | ILA1.66 Billion | ILA859.33 Million | ▼ -1.1 pp |
| 2017 | 49.5% | ILA772.92 Million | ILA1.56 Billion | ILA788.10 Million | ▼ -3.8 pp |
| 2016 | 53.3% | ILA723.85 Million | ILA1.36 Billion | ILA634.82 Million | ▼ -1.8 pp |
| 2015 | 55.1% | ILA671.29 Million | ILA1.22 Billion | ILA546.74 Million | ▼ -3.0 pp |
| 2014 | 58.1% | ILA648.79 Million | ILA1.12 Billion | ILA467.32 Million | ▲ +3.2 pp |
| 2013 | 55.0% | ILA482.92 Million | ILA878.56 Million | ILA395.64 Million | ▲ +1.8 pp |
| 2012 | 53.2% | ILA468.50 Million | ILA881.04 Million | ILA412.54 Million | ▼ -1.3 pp |
| 2011 | 54.5% | ILA366.29 Million | ILA671.83 Million | ILA305.54 Million | ▲ +0.9 pp |
| 2010 | 53.6% | ILA334.38 Million | ILA623.77 Million | ILA289.38 Million | ▲ +1.5 pp |
| 2009 | 52.1% | ILA295.31 Million | ILA566.44 Million | ILA271.12 Million | ▲ +5.6 pp |
| 2008 | 46.5% | ILA277.37 Million | ILA596.62 Million | ILA319.25 Million | ▼ -3.5 pp |
| 2007 | 50.0% | ILA306.30 Million | ILA612.62 Million | ILA306.32 Million | ▲ +4.9 pp |
| 2006 | 45.1% | ILA268.43 Million | ILA595.50 Million | ILA327.07 Million | ▲ +1.9 pp |
| 2005 | 43.2% | ILA272.13 Million | ILA630.09 Million | ILA357.96 Million | ▼ -1.0 pp |
| 2004 | 44.2% | ILA283.36 Million | ILA641.02 Million | ILA357.66 Million | ▼ -2.0 pp |
| 2003 | 46.2% | ILA244.25 Million | ILA528.91 Million | ILA284.66 Million | ▼ -1.9 pp |
| 2002 | 48.1% | ILA225.48 Million | ILA468.60 Million | ILA243.12 Million | ▼ -11.2 pp |
| 2001 | 59.3% | ILA266.69 Million | ILA449.41 Million | ILA182.72 Million | ▼ -11.6 pp |
| 2000 | 70.9% | ILA392.54 Million | ILA553.29 Million | ILA160.75 Million | ▲ +3.7 pp |
| 1999 | 67.2% | ILA304.56 Million | ILA452.89 Million | ILA148.33 Million | ▼ -1.1 pp |
| 1998 | 68.3% | ILA236.60 Million | ILA346.20 Million | ILA109.60 Million | — |