Formula Systems 1985 Ltd ADR (FORTY) — Working Capital to Net Assets Ratio
Formula Systems 1985 Ltd ADR (FORTY) has a Working Capital to Net Assets ratio of 48.9% as of September 2025. Working capital of $770.57 Million (current assets of $2.06 Billion minus current liabilities of $1.29 Billion) is measured against net assets of $1.58 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See FORTY FCF to total liabilities ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Formula Systems 1985 Ltd ADR Working Capital to Net Assets (1998–2024)
This chart shows how Formula Systems 1985 Ltd ADR's Working Capital to Net Assets ratio has evolved across 27 annual periods from 1998 to 2024. As of September 2025, the ratio stands at 48.9%, reflecting working capital of $770.57 Million against net assets of $1.58 Billion USD. See FORTY days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Formula Systems 1985 Ltd ADR (1998–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Formula Systems 1985 Ltd ADR from 1998 to 2024, covering 27 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Formula Systems 1985 Ltd ADR (FORTY) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 25.0% | $346.79 Million | $1.39 Billion | $1.49 Billion | $1.14 Billion | ▼ -4.9 pp |
| 2023 | 29.8% | $390.19 Million | $1.31 Billion | $1.38 Billion | $985.66 Million | ▼ -1.6 pp |
| 2022 | 31.4% | $370.13 Million | $1.18 Billion | $1.37 Billion | $1.00 Billion | ▲ +1.2 pp |
| 2021 | 30.2% | $356.54 Million | $1.18 Billion | $1.30 Billion | $944.69 Million | ▼ -4.2 pp |
| 2020 | 34.4% | $381.09 Million | $1.11 Billion | $1.16 Billion | $779.80 Million | ▲ +1.6 pp |
| 2019 | 32.9% | $294.49 Million | $896.33 Million | $965.78 Million | $671.29 Million | ▲ +1.2 pp |
| 2018 | 31.7% | $254.97 Million | $805.14 Million | $780.95 Million | $525.99 Million | ▼ -5.1 pp |
| 2017 | 36.8% | $284.51 Million | $772.92 Million | $694.51 Million | $409.99 Million | ▼ -1.1 pp |
| 2016 | 37.9% | $274.49 Million | $723.85 Million | $634.01 Million | $359.51 Million | ▲ +8.3 pp |
| 2015 | 29.6% | $198.82 Million | $671.29 Million | $454.57 Million | $255.75 Million | ▲ +9.8 pp |
| 2014 | 19.8% | $128.72 Million | $648.79 Million | $360.39 Million | $231.67 Million | ▼ -4.9 pp |
| 2013 | 24.8% | $119.59 Million | $482.92 Million | $338.91 Million | $219.32 Million | ▼ -6.4 pp |
| 2012 | 31.1% | $145.87 Million | $468.50 Million | $369.00 Million | $223.13 Million | ▼ -3.7 pp |
| 2011 | 34.8% | $127.43 Million | $366.29 Million | $306.99 Million | $179.56 Million | ▼ -11.2 pp |
| 2010 | 46.0% | $153.82 Million | $334.38 Million | $331.81 Million | $177.99 Million | ▼ -6.0 pp |
| 2009 | 52.0% | $153.46 Million | $295.31 Million | $313.38 Million | $159.92 Million | ▲ +0.2 pp |
| 2008 | 51.8% | $143.65 Million | $277.37 Million | $333.83 Million | $190.19 Million | ▼ -19.6 pp |
| 2007 | 71.4% | $218.59 Million | $306.30 Million | $379.24 Million | $160.65 Million | ▲ +24.5 pp |
| 2006 | 46.9% | $125.86 Million | $268.43 Million | $304.06 Million | $178.19 Million | ▲ +33.3 pp |
| 2005 | 13.6% | $36.89 Million | $272.13 Million | $279.92 Million | $243.03 Million | ▲ +4.9 pp |
| 2004 | 8.7% | $24.59 Million | $283.36 Million | $291.55 Million | $266.96 Million | ▼ -4.7 pp |
| 2003 | 13.4% | $32.71 Million | $244.25 Million | $217.01 Million | $184.30 Million | ▲ +6.2 pp |
| 2002 | 7.2% | $16.14 Million | $225.48 Million | $193.54 Million | $177.40 Million | ▼ -9.9 pp |
| 2001 | 17.0% | $45.40 Million | $266.69 Million | $211.18 Million | $165.78 Million | ▼ -31.1 pp |
| 2000 | 48.1% | $188.79 Million | $392.54 Million | $326.36 Million | $137.57 Million | ▼ -16.1 pp |
| 1999 | 64.2% | $195.42 Million | $304.56 Million | $323.78 Million | $128.36 Million | ▼ -2.0 pp |
| 1998 | 66.1% | $156.50 Million | $236.60 Million | $256.30 Million | $99.80 Million | — |