Formula Systems (1985) (Formula Systems (1985)) Marketable Securities : $77 Mil (As of Sep. 2023)

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What is Formula Systems (1985) Marketable Securities?

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price. Formula Systems (1985)'s Marketable Securities for the quarter that ended in Sep. 2023 was $77 Mil.

Formula Systems (1985)'s annual Marketable Securities declined from Dec. 2020 ($32 Mil) to Dec. 2021 ($27 Mil) and declined from Dec. 2021 ($27 Mil) to Dec. 2022 ($25 Mil).

Formula Systems (1985) Marketable Securities Historical Data

The historical data trend for Formula Systems (1985)'s Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Formula Systems (1985) Marketable Securities Chart

Formula Systems (1985) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Marketable Securities

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36.49

31.53

27.07

24.71

76.22

Formula Systems (1985) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Marketable Securities	Get a 7-Day Free Trial															24.71	68.97	91.48	76.82	76.22

Formula Systems (1985) Marketable Securities Calculation

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Formula Systems (1985) (NAS:FORTY) Marketable Securities Explanation

Marketable Securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

Please note, GuruFocus' Marketable Securities also includes "Other Short Term Investment".

Formula Systems (1985) Marketable Securities Related Terms

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Formula Systems (1985) (Formula Systems (1985)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Formula Systems (1985) Ltd (NAS:FORTY) » Definitions » Marketable Securities

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FORTY:Israel FSY:Germany FSY:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Tel Aviv, ISR, 6037501

Website

https://www.formulasystems.com

Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into three primary segments based on the subsidiary. The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, IT technology, and marketing and sales. Michpal; ZAP Group and Others. The majority of the company's revenue comes from Israel.