Formula One Group Balance Sheet Health
Financial Health criteria checks 4/6
Formula One Group has a total shareholder equity of $6.4B and total debt of $2.9B, which brings its debt-to-equity ratio to 45.3%. Its total assets and total liabilities are $10.3B and $3.8B respectively. Formula One Group's EBIT is $297.0M making its interest coverage ratio 1.4. It has cash and short-term investments of $1.4B.
Key information
45.3%
Debt to equity ratio
US$2.91b
Debt
Interest coverage ratio | 1.4x |
Cash | US$1.41b |
Equity | US$6.42b |
Total liabilities | US$3.85b |
Total assets | US$10.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LM0F's short term assets ($1.7B) exceed its short term liabilities ($787.0M).
Long Term Liabilities: LM0F's short term assets ($1.7B) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: LM0F's net debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: LM0F's debt to equity ratio has reduced from 90.7% to 45.3% over the past 5 years.
Debt Coverage: LM0F's debt is well covered by operating cash flow (21.3%).
Interest Coverage: LM0F's interest payments on its debt are not well covered by EBIT (1.4x coverage).