Ferrari Balance Sheet Health
Financial Health criteria checks 5/6
Ferrari has a total shareholder equity of €3.1B and total debt of €3.0B, which brings its debt-to-equity ratio to 96.7%. Its total assets and total liabilities are €8.9B and €5.8B respectively. Ferrari's EBIT is €1.7B making its interest coverage ratio 67012.9. It has cash and short-term investments of €1.4B.
Key information
96.7%
Debt to equity ratio
€3.00b
Debt
| Interest coverage ratio | 67012.9x |
| Cash | €1.35b |
| Equity | €3.11b |
| Total liabilities | €5.78b |
| Total assets | €8.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2FE's short term assets (€4.6B) exceed its short term liabilities (€2.6B).
Long Term Liabilities: 2FE's short term assets (€4.6B) exceed its long term liabilities (€3.2B).
Debt to Equity History and Analysis
Debt Level: 2FE's net debt to equity ratio (53.1%) is considered high.
Reducing Debt: 2FE's debt to equity ratio has reduced from 143.5% to 96.7% over the past 5 years.
Debt Coverage: 2FE's debt is well covered by operating cash flow (61.6%).
Interest Coverage: 2FE's interest payments on its debt are well covered by EBIT (67012.9x coverage).