Formula Tangible Net Worth Ratio
Formula tangible net worth ratio. Formula (FORTY) has a Tangible Net Worth Ratio of 54.7% as of March 2026. This metric is calculated by deducting intangible assets (ILA827.03 Million) from net assets (ILA1.82 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Check how strategically is Formula's equity deployed to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Formula (1998–2025)
Tangible net worth ratio of Formula from 1998 to 2025. This chart shows how Formula's Tangible Net Worth Ratio has changed across 28 annual periods from 1998 to 2025. As of March 2026, the ratio stands at 54.7%, reflecting net assets of ILA1.82 Billion with intangible assets of ILA827.03 Million ILA. See Formula short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Formula Tangible Net Worth Ratio by Year (1998–2025)
Formula tangible net worth ratio by year from 1998 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for Formula from 1998 to 2025, covering 28 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see FORTY stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (ILA) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 91.7% | ILA1.78 Billion | ILA147.65 Million | ILA3.58 Billion | ▲ +7.3 pp |
| 2024 | 84.4% | ILA1.39 Billion | ILA217.08 Million | ILA3.01 Billion | ▲ +0.2 pp |
| 2023 | 84.1% | ILA1.31 Billion | ILA207.47 Million | ILA2.81 Billion | ▲ +3.1 pp |
| 2022 | 81.1% | ILA1.18 Billion | ILA222.73 Million | ILA2.79 Billion | ▲ +1.6 pp |
| 2021 | 79.5% | ILA1.18 Billion | ILA241.94 Million | ILA2.75 Billion | ▼ -0.4 pp |
| 2020 | 79.9% | ILA1.11 Billion | ILA222.26 Million | ILA2.52 Billion | ▼ -1.6 pp |
| 2019 | 81.6% | ILA896.33 Million | ILA165.28 Million | ILA2.09 Billion | ▲ +0.2 pp |
| 2018 | 81.4% | ILA805.14 Million | ILA150.05 Million | ILA1.66 Billion | ▲ +2.6 pp |
| 2017 | 78.8% | ILA772.92 Million | ILA163.98 Million | ILA1.56 Billion | ▼ -3.3 pp |
| 2016 | 82.1% | ILA723.85 Million | ILA129.82 Million | ILA1.36 Billion | ▼ -17.2 pp |
| 2015 | 99.3% | ILA671.29 Million | ILA4.92 Million | ILA1.22 Billion | ▲ +11.0 pp |
| 2014 | 88.3% | ILA648.79 Million | ILA76.03 Million | ILA1.12 Billion | ▼ -3.5 pp |
| 2013 | 91.8% | ILA482.92 Million | ILA39.64 Million | ILA878.56 Million | ▲ +7.8 pp |
| 2012 | 84.0% | ILA468.50 Million | ILA74.86 Million | ILA881.04 Million | ▼ -7.4 pp |
| 2011 | 91.4% | ILA366.29 Million | ILA31.54 Million | ILA671.83 Million | ▲ +1.3 pp |
| 2010 | 90.1% | ILA334.38 Million | ILA33.10 Million | ILA623.77 Million | ▲ +49.6 pp |
| 2009 | 40.5% | ILA295.31 Million | ILA175.84 Million | ILA566.44 Million | ▲ +1.8 pp |
| 2008 | 38.7% | ILA277.37 Million | ILA170.04 Million | ILA596.62 Million | ▼ -13.6 pp |
| 2007 | 52.3% | ILA306.30 Million | ILA146.16 Million | ILA612.62 Million | ▼ -25.2 pp |
| 2006 | 77.5% | ILA268.43 Million | ILA60.37 Million | ILA595.50 Million | ▲ +51.0 pp |
| 2005 | 26.5% | ILA272.13 Million | ILA200.04 Million | ILA630.09 Million | ▼ -4.0 pp |
| 2004 | 30.5% | ILA283.36 Million | ILA196.92 Million | ILA641.02 Million | ▼ -9.9 pp |
| 2003 | 40.4% | ILA244.25 Million | ILA145.67 Million | ILA528.91 Million | ▼ -8.6 pp |
| 2002 | 48.9% | ILA225.48 Million | ILA115.17 Million | ILA468.60 Million | ▲ +122.3 pp |
| 2001 | -73.4% | ILA266.69 Million | ILA462.35 Million | ILA449.41 Million | ▼ -41.7 pp |
| 2000 | -31.7% | ILA392.54 Million | ILA516.95 Million | ILA553.29 Million | ▼ -109.0 pp |
| 1999 | 77.3% | ILA304.56 Million | ILA69.14 Million | ILA452.89 Million | ▼ -8.0 pp |
| 1998 | 85.2% | ILA236.60 Million | ILA34.90 Million | ILA346.20 Million | — |