Formula Systems 1985

Formula Systems 1985 Interest Coverage

The Interest Coverage Ratio of Formula Systems 1985 (FORTY.TA) as of Oct 11, 2026 is 12.22. In the previous year, Interest Coverage Ratio was 9.45 — a change of 29.35% (higher).

Interest Coverage

12.22

YoY

29.35%

Last updated:

Interest Coverage Ratio of Formula Systems 1985 is 2024 12.22 . Interest Coverage Ratio of Formula Systems 1985 was 2023 9.45 . It decreases by 29.35% higher compared to the previous year.

The Formula Systems 1985 Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2017
28.94 USD
Jan 1, 2018
18.53 USD
Jan 1, 2019
3.83 USD
Jan 1, 2020
3.77 USD
Jan 1, 2021
13.32 USD
Jan 1, 2022
8.97 USD
Jan 1, 2023
9.45 USD
Jan 1, 2024
12.22 USD
The Formula Systems 1985 Interest Coverage history
YEARInterest CoverageYoY
12.22+29.35%
9.45+5.29%
8.97-32.64%
13.32+253.69%
3.77-1.61%
3.83-79.35%
18.53-35.97%
28.94+267.41%
7.88+37.65%
5.72-20.53%
7.20—
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Formula Systems 1985 Stock analysis

What does Formula Systems 1985 do? Formula Systems 1985 Ltd is an Israeli company that was founded in 1985. It describes itself as a leading global IT company. The company is listed on the Tel Aviv Stock Exchange and generated a revenue of $1.6 billion in 2020. Formula Systems 1985 is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Formula Systems 1985 stock

Interest Coverage Ratio of Formula Systems 1985 is 12.22 in 2024.

Interest Coverage Ratio of Formula Systems 1985 changed from 9.45 to 12.22, representing a 29.35% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio Formula Systems 1985 since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's Formula Systems 1985 with sector peers and the industry average to assess whether it is attractive.

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Leverage — Formula Systems 1985

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