Formula Long Term Investments vs Accounts Payable Analysis

FORTY Stock  USD 86.99  3.06  3.65%   
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 Long Term Investments and its Accounts Payable 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.

Long Term Investments vs Accounts Payable

Long Term Investments vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Formula Systems 1985 Long Term Investments account and Accounts Payable. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Formula Systems' Long Term Investments and Accounts Payable is -0.58. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Accounts Payable 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' Long Term Investments and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Formula Systems 1985 are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Long Term Investments i.e., Formula Systems' Long Term Investments and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.58
Relationship DirectionNegative 
Relationship StrengthVery Weak

Long Term Investments

Long Term Investments is an item on the asset side of Formula Systems balance sheet that represents investments Formula Systems 1985 intends to hold for over a year. Formula Systems 1985 long term investments may include different instruments such as stocks, bonds, real estate and cash.

Accounts Payable

An accounting item on the balance sheet that represents Formula Systems obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Formula Systems 1985 are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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.
At this time, Formula Systems' Sales General And Administrative To Revenue is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 3.49 in 2024, whereas Selling General Administrative is likely to drop slightly above 151.5 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense24.0M19.9M29.7M31.1M
Depreciation And Amortization122.2M115.3M121.8M127.9M

Formula Systems fundamental ratios Correlations

0.990.990.990.820.920.960.920.950.970.99-0.230.970.990.610.60.970.860.890.581.00.990.980.870.860.72
0.990.990.980.810.940.970.870.910.990.97-0.330.980.980.570.530.980.820.820.530.990.980.980.890.850.74
0.990.990.990.80.920.960.870.930.980.96-0.30.970.990.590.550.960.840.850.570.990.990.980.910.840.74
0.990.980.990.780.940.950.890.970.970.96-0.240.980.990.530.630.930.90.890.590.991.01.00.860.80.71
0.820.810.80.780.710.820.80.70.780.85-0.140.760.790.720.310.850.620.650.60.820.770.770.780.860.71
0.920.940.920.940.710.890.790.90.940.89-0.230.950.920.360.620.890.870.80.620.940.940.950.80.720.73
0.960.970.960.950.820.890.880.870.910.96-0.240.910.960.650.510.960.750.830.550.970.940.940.850.890.71
0.920.870.870.890.80.790.880.890.840.930.010.860.880.610.670.850.860.890.430.890.890.880.660.880.48
0.950.910.930.970.70.90.870.890.910.91-0.140.930.950.450.740.840.950.940.570.940.970.970.770.720.62
0.970.990.980.970.780.940.910.840.910.94-0.391.00.970.50.530.950.840.790.50.980.980.960.890.80.73
0.990.970.960.960.850.890.960.930.910.94-0.170.940.970.680.550.970.820.870.590.980.960.950.850.90.71
-0.23-0.33-0.3-0.24-0.14-0.23-0.240.01-0.14-0.39-0.17-0.36-0.29-0.040.01-0.30.020.00.19-0.26-0.29-0.25-0.55-0.18-0.31
0.970.980.970.980.760.950.910.860.931.00.94-0.360.970.480.610.940.870.830.490.980.990.970.870.790.7
0.990.980.990.990.790.920.960.880.950.970.97-0.290.970.590.570.950.850.870.590.990.990.980.90.820.75
0.610.570.590.530.720.360.650.610.450.50.68-0.040.480.590.110.680.290.520.490.60.530.510.560.760.55
0.60.530.550.630.310.620.510.670.740.530.550.010.610.570.110.410.780.820.250.560.640.640.350.420.16
0.970.980.960.930.850.890.960.850.840.950.97-0.30.940.950.680.410.740.770.570.970.940.920.890.890.78
0.860.820.840.90.620.870.750.860.950.840.820.020.870.850.290.780.740.890.550.850.890.890.630.610.5
0.890.820.850.890.650.80.830.890.940.790.870.00.830.870.520.820.770.890.580.860.890.870.680.720.53
0.580.530.570.590.60.620.550.430.570.50.590.190.490.590.490.250.570.550.580.590.550.570.560.440.72
1.00.990.990.990.820.940.970.890.940.980.98-0.260.980.990.60.560.970.850.860.590.990.980.890.850.75
0.990.980.991.00.770.940.940.890.970.980.96-0.290.990.990.530.640.940.890.890.550.990.990.870.810.71
0.980.980.981.00.770.950.940.880.970.960.95-0.250.970.980.510.640.920.890.870.570.980.990.840.790.7
0.870.890.910.860.780.80.850.660.770.890.85-0.550.870.90.560.350.890.630.680.560.890.870.840.740.8
0.860.850.840.80.860.720.890.880.720.80.9-0.180.790.820.760.420.890.610.720.440.850.810.790.740.59
0.720.740.740.710.710.730.710.480.620.730.71-0.310.70.750.550.160.780.50.530.720.750.710.70.80.59
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 Liab260.3M303.7M334.3M376.2M326.4M342.8M
Total Current Liabilities671.3M779.8M944.7M1.0B987.8M1.0B
Total Stockholder Equity421.6M502.7M541.0M551.9M625.9M325.4M
Property Plant And Equipment Net147.2M174.0M172.7M172.3M173.6M182.3M
Net Debt234.4M166.9M227.5M228.3M217.6M228.5M
Retained Earnings285.1M324.4M358.3M419.4M475.2M499.0M
Accounts Payable125.2M153.3M206.0M222.2M258.6M271.6M
Cash369.0M501.6M485.4M544.3M452.4M475.0M
Non Current Assets Total1.1B1.4B1.4B1.4B1.4B1.5B
Non Currrent Assets Other21.5M22.7M23.7M39.8M52.5M62.6M
Cash And Short Term Investments405.5M533.2M512.5M569.1M528.6M555.0M
Net Receivables553.1M603.8M768.7M768.8M721.0M757.1M
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 Total520.8M632.7M623.2M614.8M519.1M545.1M
Inventory7.2M24.0M20.1M35.2M42.0M44.1M
Other Current Assets37.4M47.2M50.6M45.9M84.7M88.9M
Other Stockholder Equity120.5M148.5M152.8M145.1M157.4M127.1M
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 Debt192.3M194.0M263.8M271.7M265.1M278.3M
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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