Formula Net Debt vs Short Term Investments 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 Net Debt and its Short Term Investments 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.

Net Debt vs Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Formula Systems 1985 Net Debt account and Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Formula Systems' Net Debt and Short Term Investments is 0.51. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Investments 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' Net Debt and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Formula Systems 1985 are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Debt i.e., Formula Systems' Net Debt and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.51

Relationship Direction	Positive
Relationship Strength	Weak

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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.

Short Term Investments

Short Term Investments is an item under the current assets section of Formula Systems balance sheet. It contains any investments Formula Systems 1985 undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Formula Systems 1985 can easily liquidate in the marketplace.

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 Expense	24.0M	19.9M	38.4M	40.3M
Depreciation And Amortization	122.2M	115.3M	121.8M	127.9M

Interest Expense Depreciation And Amortization

Formula Systems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Liab
Total Assets		0.99	0.94	0.99	0.82	0.92	0.96	0.92	0.95	0.97	0.99	-0.49	0.97	0.98	0.61	0.6	0.97	0.86	0.72	0.58	1.0	0.99	0.98	0.87	0.86	0.72
Short Long Term Debt Total	0.99		0.96	0.98	0.81	0.94	0.97	0.87	0.91	0.99	0.97	-0.55	0.98	0.96	0.57	0.53	0.98	0.82	0.74	0.53	0.99	0.98	0.98	0.89	0.85	0.74
Other Current Liab	0.94	0.96		0.95	0.78	0.88	0.91	0.83	0.9	0.95	0.92	-0.46	0.94	0.93	0.55	0.45	0.92	0.83	0.66	0.56	0.96	0.95	0.95	0.87	0.79	0.68
Total Current Liabilities	0.99	0.98	0.95		0.78	0.94	0.95	0.89	0.97	0.97	0.96	-0.51	0.98	0.99	0.53	0.63	0.93	0.89	0.68	0.59	0.99	1.0	0.99	0.86	0.8	0.71
Total Stockholder Equity	0.82	0.81	0.78	0.78		0.71	0.82	0.8	0.7	0.78	0.85	-0.23	0.76	0.76	0.72	0.31	0.85	0.62	0.74	0.6	0.82	0.77	0.77	0.78	0.86	0.71
Property Plant And Equipment Net	0.92	0.94	0.88	0.94	0.71		0.89	0.79	0.9	0.94	0.89	-0.47	0.95	0.9	0.36	0.62	0.89	0.87	0.68	0.62	0.94	0.94	0.95	0.8	0.72	0.73
Net Debt	0.96	0.97	0.91	0.95	0.82	0.89		0.88	0.88	0.91	0.96	-0.45	0.91	0.95	0.65	0.51	0.96	0.75	0.69	0.55	0.97	0.94	0.94	0.85	0.89	0.71
Retained Earnings	0.92	0.87	0.83	0.89	0.8	0.79	0.88		0.89	0.84	0.93	-0.3	0.86	0.9	0.61	0.67	0.85	0.86	0.51	0.43	0.89	0.89	0.88	0.66	0.88	0.48
Accounts Payable	0.95	0.91	0.9	0.97	0.7	0.9	0.88	0.89		0.91	0.91	-0.47	0.93	0.97	0.45	0.74	0.84	0.95	0.54	0.57	0.94	0.97	0.96	0.77	0.72	0.62
Cash	0.97	0.99	0.95	0.97	0.78	0.94	0.91	0.84	0.91		0.94	-0.59	1.0	0.93	0.5	0.53	0.95	0.84	0.74	0.5	0.98	0.98	0.97	0.89	0.8	0.73
Non Current Assets Total	0.99	0.97	0.92	0.96	0.85	0.89	0.96	0.93	0.91	0.94		-0.41	0.94	0.95	0.69	0.55	0.97	0.82	0.74	0.59	0.98	0.96	0.95	0.85	0.9	0.71
Non Currrent Assets Other	-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	-0.39	0.07	-0.5	-0.56	-0.51	-0.66	-0.33	-0.35
Cash And Short Term Investments	0.97	0.98	0.94	0.98	0.76	0.95	0.91	0.86	0.93	1.0	0.94	-0.6		0.95	0.48	0.61	0.94	0.87	0.71	0.49	0.98	0.99	0.97	0.87	0.79	0.7
Net Receivables	0.98	0.96	0.93	0.99	0.76	0.9	0.95	0.9	0.97	0.93	0.95	-0.52	0.95		0.57	0.65	0.91	0.87	0.61	0.56	0.98	0.99	0.98	0.85	0.81	0.69
Common Stock Shares Outstanding	0.61	0.57	0.55	0.53	0.72	0.36	0.65	0.61	0.45	0.5	0.69	-0.09	0.48	0.57		0.11	0.68	0.29	0.6	0.49	0.6	0.53	0.51	0.56	0.76	0.55
Short Term Investments	0.6	0.53	0.45	0.63	0.31	0.62	0.51	0.67	0.74	0.53	0.55	-0.42	0.61	0.65	0.11		0.41	0.78	0.1	0.25	0.56	0.64	0.64	0.35	0.42	0.16
Non Current Liabilities Total	0.97	0.98	0.92	0.93	0.85	0.89	0.96	0.85	0.84	0.95	0.97	-0.46	0.94	0.91	0.68	0.41		0.73	0.81	0.57	0.97	0.94	0.92	0.89	0.89	0.78
Inventory	0.86	0.82	0.83	0.89	0.62	0.87	0.75	0.86	0.95	0.84	0.82	-0.34	0.87	0.87	0.29	0.78	0.73		0.43	0.55	0.85	0.89	0.88	0.63	0.61	0.5
Other Current Assets	0.72	0.74	0.66	0.68	0.74	0.68	0.69	0.51	0.54	0.74	0.74	-0.39	0.71	0.61	0.6	0.1	0.81	0.43		0.62	0.74	0.68	0.66	0.83	0.68	0.85
Other Stockholder Equity	0.58	0.53	0.56	0.59	0.6	0.62	0.55	0.43	0.57	0.5	0.59	0.07	0.49	0.56	0.49	0.25	0.57	0.55	0.62		0.59	0.55	0.57	0.56	0.44	0.72
Total Liab	1.0	0.99	0.96	0.99	0.82	0.94	0.97	0.89	0.94	0.98	0.98	-0.5	0.98	0.98	0.6	0.56	0.97	0.85	0.74	0.59		0.99	0.98	0.89	0.85	0.75
Total Current Assets	0.99	0.98	0.95	1.0	0.77	0.94	0.94	0.89	0.97	0.98	0.96	-0.56	0.99	0.99	0.53	0.64	0.94	0.89	0.68	0.55	0.99		0.99	0.87	0.81	0.71
Short Term Debt	0.98	0.98	0.95	0.99	0.77	0.95	0.94	0.88	0.96	0.97	0.95	-0.51	0.97	0.98	0.51	0.64	0.92	0.88	0.66	0.57	0.98	0.99		0.85	0.79	0.7
Intangible Assets	0.87	0.89	0.87	0.86	0.78	0.8	0.85	0.66	0.77	0.89	0.85	-0.66	0.87	0.85	0.56	0.35	0.89	0.63	0.83	0.56	0.89	0.87	0.85		0.74	0.8
Common Stock	0.86	0.85	0.79	0.8	0.86	0.72	0.89	0.88	0.72	0.8	0.9	-0.33	0.79	0.81	0.76	0.42	0.89	0.61	0.68	0.44	0.85	0.81	0.79	0.74		0.59
Other Liab	0.72	0.74	0.68	0.71	0.71	0.73	0.71	0.48	0.62	0.73	0.71	-0.35	0.7	0.69	0.55	0.16	0.78	0.5	0.85	0.72	0.75	0.71	0.7	0.8	0.59

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Formula Systems Account Relationship Matchups

Formula Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.1B	2.5B	2.7B	2.8B	2.8B	3.0B
Short Long Term Debt Total	603.5M	668.5M	712.9M	772.7M	670.0M	703.5M
Other Current Liab	260.3M	303.7M	335.3M	506.8M	326.4M	342.8M
Total Current Liabilities	671.3M	779.8M	944.7M	1.0B	985.7M	1.0B
Total Stockholder Equity	421.6M	502.7M	541.0M	551.9M	625.8M	325.3M
Property Plant And Equipment Net	147.2M	174.0M	172.7M	172.3M	173.6M	182.3M
Net Debt	234.4M	166.9M	227.5M	228.3M	218.0M	228.9M
Retained Earnings	285.1M	324.4M	358.3M	419.4M	475.2M	499.0M
Accounts Payable	125.2M	153.3M	205.8M	222.5M	258.6M	271.6M
Cash	369.0M	501.6M	485.4M	544.3M	451.9M	474.5M
Non Current Assets Total	1.1B	1.4B	1.4B	1.4B	1.4B	1.5B
Non Currrent Assets Other	21.5M	22.7M	23.7M	39.8M	27.6M	26.2M
Cash And Short Term Investments	405.5M	533.2M	512.5M	569.1M	528.2M	554.6M
Net Receivables	553.1M	519.9M	696.3M	725.1M	765.0M	803.2M
Common Stock Shares Outstanding	15.3M	15.3M	15.4M	15.5M	15.5M	14.4M
Short Term Investments	36.5M	31.5M	27.1M	24.7M	76.2M	80.0M
Liabilities And Stockholders Equity	2.1B	2.5B	2.7B	2.8B	2.8B	3.0B
Non Current Liabilities Total	520.8M	632.7M	623.2M	614.8M	518.8M	544.7M
Inventory	7.2M	24.0M	20.1M	35.2M	42.0M	44.1M
Other Current Assets	37.4M	83.8M	72.1M	42.2M	40.7M	26.1M
Other Stockholder Equity	120.5M	149.0M	152.8M	145.1M	157.2M	127.1M
Total Liab	1.2B	1.4B	1.6B	1.6B	1.5B	1.6B
Total Current Assets	965.8M	1.2B	1.3B	1.4B	1.4B	1.4B
Accumulated Other Comprehensive Income	11.7M	25.5M	25.5M	(17.0M)	(11.0M)	(10.5M)
Short Term Debt	192.3M	194.0M	265.8M	271.7M	262.9M	276.1M
Intangible Assets	165.3M	222.3M	241.9M	222.7M	206.9M	142.3M
Common Stock	4.2M	4.2M	4.3M	4.3M	4.4M	4.3M
Other Liab	110.4M	157.1M	174.1M	113.8M	130.9M	74.8M
Other Assets	61.1M	62.6M	70.0M	42.2M	1.0	0.95
Long Term Debt	337.5M	383.4M	364.3M	421.5M	322.4M	162.7M
Good Will	724.2M	872.4M	932.9M	926.2M	936.6M	983.4M
Property Plant Equipment	147.2M	173.6M	172.7M	172.3M	198.2M	208.1M
Current Deferred Revenue	93.5M	128.9M	140.7M	132.7M	137.6M	144.5M
Property Plant And Equipment Gross	147.2M	173.6M	172.7M	172.3M	446.1M	468.5M
Net Tangible Assets	(467.8M)	(591.5M)	(633.8M)	(594.9M)	(535.4M)	(562.2M)
Long Term Investments	48.2M	28.5M	28.9M	20.6M	45.2M	39.6M
Short Long Term Debt	156.7M	161.9M	222.1M	226.2M	218.9M	146.0M

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Formula Net Debt vs Short Term Investments Analysis

Net Debt vs Short Term Investments

Net Debt vs Short Term Investments Correlation Analysis

Correlation Coefficient

Net Debt

Short Term Investments

Formula Systems fundamental ratios Correlations

Formula Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Formula Systems fundamental ratios Accounts

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Total Liab	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Short Long Term Debt Total	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Intangible Assets	- 0.66	Non Currrent Assets Other
Cash And Short Term Investments	- 0.6	Non Currrent Assets Other
Non Currrent Assets Other	- 0.59	Cash
Total Current Assets	- 0.56	Non Currrent Assets Other
Non Currrent Assets Other	- 0.55	Short Long Term Debt Total
Net Receivables	- 0.52	Non Currrent Assets Other