Ferrari Balance Sheet Health
Financial Health criteria checks 5/6
Ferrari has a total shareholder equity of €3.1B and total debt of €2.4B, which brings its debt-to-equity ratio to 78.3%. Its total assets and total liabilities are €8.1B and €5.0B respectively. Ferrari's EBIT is €1.6B making its interest coverage ratio 467.8. It has cash and short-term investments of €1.1B.
Key information
78.3%
Debt to equity ratio
€2.40b
Debt
Interest coverage ratio | 467.8x |
Cash | €1.14b |
Equity | €3.07b |
Total liabilities | €4.98b |
Total assets | €8.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RACE's short term assets (€4.0B) exceed its short term liabilities (€2.3B).
Long Term Liabilities: RACE's short term assets (€4.0B) exceed its long term liabilities (€2.7B).
Debt to Equity History and Analysis
Debt Level: RACE's net debt to equity ratio (41%) is considered high.
Reducing Debt: RACE's debt to equity ratio has reduced from 142.3% to 78.3% over the past 5 years.
Debt Coverage: RACE's debt is well covered by operating cash flow (71.4%).
Interest Coverage: RACE's interest payments on its debt are well covered by EBIT (467.8x coverage).