FORTY Formula Systems Group Total Debt to Capital

This chart illustrates the debt-to-equity ratio for Formula Systems (FORTY), which stands at 0.55. The asset relies on the stability of a mature IT services cycle and a broad client base. The transparent hierarchy of the Israeli holding company is supported by an experienced management team regarding capital allocation. Growth is driven by economic digitalization, demand for military and financial software, and M&A transactions.

This ratio compares the total liabilities of Formula Systems (FORTY) with its net assets, determining the extent to which business development depends on borrowed capital. By analyzing changes in the business leverage ratio, an investor assesses the holding's resilience to IT market cyclicality, where a low debt load allows the company to offset declines in corporate spending through stable recurring payments from software support.