Formula Deferred Long Term Liab vs Net Debt Analysis

FORTY Stock  USD 96.50  3.03  3.24%   
Formula Systems financial indicator trend analysis is much more than just examining Formula Systems 1985 latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Formula Systems 1985 is a good investment. Please check the relationship between Formula Systems Deferred Long Term Liab and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Formula Systems 1985. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Deferred Long Term Liab vs Net Debt

Deferred Long Term Liab vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Formula Systems 1985 Deferred Long Term Liab account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Formula Systems' Deferred Long Term Liab and Net Debt is 0.84. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Net Debt in the same time period over historical financial statements of Formula Systems 1985, assuming nothing else is changed. The correlation between historical values of Formula Systems' Deferred Long Term Liab and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Formula Systems 1985 are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Deferred Long Term Liab i.e., Formula Systems' Deferred Long Term Liab and Net Debt go up and down completely randomly.

Correlation Coefficient

0.84
Relationship DirectionPositive 
Relationship StrengthStrong

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Formula Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Formula Systems 1985 current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Formula Systems 1985. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Enterprise Value is likely to rise to about 1.3 B in 2024, whereas Selling General Administrative is likely to drop slightly above 155 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense24.0M19.9M38.4M40.3M
Depreciation And Amortization122.2M115.3M121.8M127.9M

Formula Systems fundamental ratios Correlations

0.990.940.990.820.920.960.920.950.970.99-0.490.970.980.610.60.970.860.720.581.00.990.980.870.860.72
0.990.960.980.810.940.970.870.910.990.97-0.550.980.960.570.530.980.820.740.530.990.980.980.890.850.74
0.940.960.950.780.880.910.830.90.950.92-0.460.940.930.550.450.920.830.660.560.960.950.950.870.790.68
0.990.980.950.780.940.950.890.970.970.96-0.510.980.990.530.630.930.890.680.590.991.00.990.860.80.71
0.820.810.780.780.710.820.80.70.780.85-0.230.760.760.720.310.850.620.740.60.820.770.770.780.860.71
0.920.940.880.940.710.890.790.90.940.89-0.470.950.90.360.620.890.870.680.620.940.940.950.80.720.73
0.960.970.910.950.820.890.880.880.910.96-0.450.910.950.650.510.960.750.690.550.970.940.940.850.890.71
0.920.870.830.890.80.790.880.890.840.93-0.30.860.90.610.670.850.860.510.430.890.890.880.660.880.48
0.950.910.90.970.70.90.880.890.910.91-0.470.930.970.450.740.840.950.540.570.940.970.960.770.720.62
0.970.990.950.970.780.940.910.840.910.94-0.591.00.930.50.530.950.840.740.50.980.980.970.890.80.73
0.990.970.920.960.850.890.960.930.910.94-0.410.940.950.690.550.970.820.740.590.980.960.950.850.90.71
-0.49-0.55-0.46-0.51-0.23-0.47-0.45-0.3-0.47-0.59-0.41-0.6-0.52-0.09-0.42-0.46-0.34-0.390.07-0.5-0.56-0.51-0.66-0.33-0.35
0.970.980.940.980.760.950.910.860.931.00.94-0.60.950.480.610.940.870.710.490.980.990.970.870.790.7
0.980.960.930.990.760.90.950.90.970.930.95-0.520.950.570.650.910.870.610.560.980.990.980.850.810.69
0.610.570.550.530.720.360.650.610.450.50.69-0.090.480.570.110.680.290.60.490.60.530.510.560.760.55
0.60.530.450.630.310.620.510.670.740.530.55-0.420.610.650.110.410.780.10.250.560.640.640.350.420.16
0.970.980.920.930.850.890.960.850.840.950.97-0.460.940.910.680.410.730.810.570.970.940.920.890.890.78
0.860.820.830.890.620.870.750.860.950.840.82-0.340.870.870.290.780.730.430.550.850.890.880.630.610.5
0.720.740.660.680.740.680.690.510.540.740.74-0.390.710.610.60.10.810.430.620.740.680.660.830.680.85
0.580.530.560.590.60.620.550.430.570.50.590.070.490.560.490.250.570.550.620.590.550.570.560.440.72
1.00.990.960.990.820.940.970.890.940.980.98-0.50.980.980.60.560.970.850.740.590.990.980.890.850.75
0.990.980.951.00.770.940.940.890.970.980.96-0.560.990.990.530.640.940.890.680.550.990.990.870.810.71
0.980.980.950.990.770.950.940.880.960.970.95-0.510.970.980.510.640.920.880.660.570.980.990.850.790.7
0.870.890.870.860.780.80.850.660.770.890.85-0.660.870.850.560.350.890.630.830.560.890.870.850.740.8
0.860.850.790.80.860.720.890.880.720.80.9-0.330.790.810.760.420.890.610.680.440.850.810.790.740.59
0.720.740.680.710.710.730.710.480.620.730.71-0.350.70.690.550.160.780.50.850.720.750.710.70.80.59
Click cells to compare fundamentals

Formula Systems Account Relationship Matchups

Formula Systems fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.1B2.5B2.7B2.8B2.8B3.0B
Short Long Term Debt Total603.5M668.5M712.9M772.7M670.0M703.5M
Other Current Liab260.3M303.7M335.3M506.8M326.4M342.8M
Total Current Liabilities671.3M779.8M944.7M1.0B985.7M1.0B
Total Stockholder Equity421.6M502.7M541.0M551.9M625.8M325.3M
Property Plant And Equipment Net147.2M174.0M172.7M172.3M173.6M182.3M
Net Debt234.4M166.9M227.5M228.3M218.0M228.9M
Retained Earnings285.1M324.4M358.3M419.4M475.2M499.0M
Accounts Payable125.2M153.3M205.8M222.5M258.6M271.6M
Cash369.0M501.6M485.4M544.3M451.9M474.5M
Non Current Assets Total1.1B1.4B1.4B1.4B1.4B1.5B
Non Currrent Assets Other21.5M22.7M23.7M39.8M27.6M26.2M
Cash And Short Term Investments405.5M533.2M512.5M569.1M528.2M554.6M
Net Receivables553.1M519.9M696.3M725.1M765.0M803.2M
Common Stock Shares Outstanding15.3M15.3M15.4M15.5M15.5M14.4M
Short Term Investments36.5M31.5M27.1M24.7M76.2M80.0M
Liabilities And Stockholders Equity2.1B2.5B2.7B2.8B2.8B3.0B
Non Current Liabilities Total520.8M632.7M623.2M614.8M518.8M544.7M
Inventory7.2M24.0M20.1M35.2M42.0M44.1M
Other Current Assets37.4M83.8M72.1M42.2M40.7M26.1M
Other Stockholder Equity120.5M149.0M152.8M145.1M157.2M127.1M
Total Liab1.2B1.4B1.6B1.6B1.5B1.6B
Total Current Assets965.8M1.2B1.3B1.4B1.4B1.4B
Accumulated Other Comprehensive Income11.7M25.5M25.5M(17.0M)(11.0M)(10.5M)
Short Term Debt192.3M194.0M265.8M271.7M262.9M276.1M
Intangible Assets165.3M222.3M241.9M222.7M206.9M142.3M
Common Stock4.2M4.2M4.3M4.3M4.4M4.3M
Other Liab110.4M157.1M174.1M113.8M130.9M74.8M
Other Assets61.1M62.6M70.0M42.2M1.00.95
Long Term Debt337.5M383.4M364.3M421.5M322.4M162.7M
Good Will724.2M872.4M932.9M926.2M936.6M983.4M
Property Plant Equipment147.2M173.6M172.7M172.3M198.2M208.1M
Current Deferred Revenue93.5M128.9M140.7M132.7M137.6M144.5M
Property Plant And Equipment Gross147.2M173.6M172.7M172.3M446.1M468.5M
Net Tangible Assets(467.8M)(591.5M)(633.8M)(594.9M)(535.4M)(562.2M)
Long Term Investments48.2M28.5M28.9M20.6M45.2M39.6M
Short Long Term Debt156.7M161.9M222.1M226.2M218.9M146.0M

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