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Formula Systems (1985) LTD balance sheet

At the end of fiscal 2025, Formula Systems (1985) LTD had total assets of $3.58bn and shareholders' equity of $1.35bn. It held $1.28bn in cash against $363m of debt: net cash of $917m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025
Cash and equivalents2492402462683695024855444525081,280
Receivables——————35880
Inventory—4349242135423130
Total current assets—6346957819661,1611,3021,3711,3761,4872,166
Goodwill—640617641724872933926937975646
Total assets—1,3551,5641,6652,0892,5202,7492,7942,8133,0153,583
Total current liabilities—3594335266717809481,0019861,1381,330
Short-term debt————————146142236
Long-term debt————————170115127
Total debt00000000316309363
Total liabilities—5759714——————
Shareholders' equity7053363593684225035415526266791,353
Non-controlling interests and other (assets − liabilities − equity)—9611,1451,2901,654——————
Net debt (negative = net cash)−249−240−246−268−369−502−485−544−136−198−917
Shares outstanding—15m15m15m15m15m15m15m15m15m15m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Formula Systems (1985) LTD's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Formula Systems (1985) LTD.