Formula Systems 1985 Ltd ADR

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Formula Systems 1985 Ltd ADR Equity Multiplier for the quarter ending March 31, 2024: 4.50

Formula Systems 1985 Ltd ADR Equity Multiplier is 4.50 for the quarter ending March 31, 2024, a -8.39% change year over year. The Equity Multiplier measures the proportion of a company's assets that are financed by equity. It indicates the level of financial leverage in a company's capital structure. A higher ratio suggests a higher level of debt financing and indicates higher financial risk. The equity multiplier is useful in assessing the company's solvency and financial stability.
  • Formula Systems 1985 Ltd ADR Equity Multiplier for the quarter ending March 31, 2023 was 4.91, a -3.34% change year over year.
  • Formula Systems 1985 Ltd ADR Equity Multiplier for the quarter ending March 31, 2022 was 5.08, a 1.33% change year over year.
  • Formula Systems 1985 Ltd ADR Equity Multiplier for the quarter ending March 31, 2021 was 5.01, a 1.20% change year over year.
  • Formula Systems 1985 Ltd ADR Equity Multiplier for the quarter ending March 31, 2020 was 4.95, a 9.32% change year over year.
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Formula Systems 1985 Ltd ADR

CEO Mr. Guy Bernstein
IPO Date Oct. 21, 1997
Location Israel
Headquarters Yahadut Canada 1 Street, Or Yehuda, Israel, 6037501
Employees 21,900
Sector Technology
Industry Information technology services
Description

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and application and professional training courses, and advanced professional studies. In addition, the company offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, and IDIT Go; life, pension, and annuities platforms, including Sapiens, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; Sapiens Cloud-based DigitalSuite; data and analytics platform; and reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO. Further, it provides Sapiens workers' compensation solutions; Sapiens medical professional liability solutions; financial and compliance solutions, such as Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; Sapiens Decision; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.

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StockViz Staff

September 19, 2024

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