Formula Systems (1985) (Formula Systems (1985)) Total Liabilities : $1,430 Mil (As of Sep. 2023)

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What is Formula Systems (1985) Total Liabilities?

Formula Systems (1985)'s Total Liabilities for the quarter that ended in Sep. 2023 was $1,430 Mil.

Formula Systems (1985)'s quarterly Total Liabilities declined from Mar. 2023 ($1,580.90 Mil) to Jun. 2023 ($1,498.76 Mil) and declined from Jun. 2023 ($1,498.76 Mil) to Sep. 2023 ($1,430.42 Mil).

Formula Systems (1985)'s annual Total Liabilities increased from Dec. 2020 ($1,411.54 Mil) to Dec. 2021 ($1,568.78 Mil) and increased from Dec. 2021 ($1,568.78 Mil) to Dec. 2022 ($1,617.03 Mil).

Formula Systems (1985) Total Liabilities Historical Data

The historical data trend for Formula Systems (1985)'s Total Liabilities 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.

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Formula Systems (1985) Total Liabilities Chart

Formula Systems (1985) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Liabilities

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1,192.92

1,411.54

1,568.78

1,617.03

1,506.92

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
Total Liabilities	Get a 7-Day Free Trial															1,617.03	1,580.90	1,498.76	1,430.42	1,506.92

Formula Systems (1985) Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Formula Systems (1985)'s Total Liabilities for the fiscal year that ended in Dec. 2022 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1000.987	+	(500.472	+	38.134
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	68.324	+	9.116)
	=	1,617

Total Liabilities	=	Total Assets (A: Dec. 2022 )	-	Total Equity (A: Dec. 2022 )
	=	2793.955	-	1176.922
	=	1,617

Formula Systems (1985)'s Total Liabilities for the quarter that ended in Sep. 2023 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	904.466	+	(418.291	+	35.916
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	62.173	+	9.572)
	=	1,430

Total Liabilities	=	Total Assets (Q: Sep. 2023 )	-	Total Equity (Q: Sep. 2023 )
	=	2656.965	-	1226.547
	=	1,430

Formula Systems (1985) Total Liabilities 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 » Total Liabilities

Comparable Companies

Traded in Other Exchanges

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.