Formula (FORTY) — Net Asset Quality Index
Formula (FORTY) has a Net Asset Quality Index of 49.9% as of December 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of ILA3.60 Billion minus total liabilities of ILA1.81 Billion yields net assets of ILA1.80 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Check financial resilience of Formula to evaluate the company's liquid asset resilience ratio.
Quality Index
Net Assets
Total Assets
Total Liabilities
Formula Net Asset Quality Index Over Time (1998–2025)
This chart shows how Formula's Net Asset Quality Index has evolved across 28 annual periods from 1998 to 2025. As of December 2025, the index stands at 49.9%, representing net assets of ILA1.80 Billion against total assets of ILA3.60 Billion ILA. See FORTY working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Formula (1998–2025)
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 market capitalisation and the full company profile, see FORTY stock market capitalisation.
| Year | Quality Index | Net Assets (ILA) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 49.9% | ILA1.80 Billion | ILA3.60 Billion | ILA1.81 Billion | ▲ +3.8 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 | — |