Ferrari Balance Sheet Health
Financial Health criteria checks 5/6
Ferrari has a total shareholder equity of €3.3B and total debt of €3.0B, which brings its debt-to-equity ratio to 88.6%. Its total assets and total liabilities are €9.0B and €5.6B respectively. Ferrari's EBIT is €1.8B making its interest coverage ratio 280.6. It has cash and short-term investments of €1.5B.
Key information
88.6%
Debt to equity ratio
€2.96b
Debt
| Interest coverage ratio | 280.6x |
| Cash | €1.50b |
| Equity | €3.34b |
| Total liabilities | €5.64b |
| Total assets | €8.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RACE's short term assets (€4.6B) exceed its short term liabilities (€3.0B).
Long Term Liabilities: RACE's short term assets (€4.6B) exceed its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: RACE's net debt to equity ratio (43.7%) is considered high.
Reducing Debt: RACE's debt to equity ratio has reduced from 146.7% to 88.6% over the past 5 years.
Debt Coverage: RACE's debt is well covered by operating cash flow (66.1%).
Interest Coverage: RACE's interest payments on its debt are well covered by EBIT (280.6x coverage).