Formula One Group Balance Sheet Health
Financial Health criteria checks 1/6
Formula One Group has a total shareholder equity of $8.6B and total debt of $5.2B, which brings its debt-to-equity ratio to 59.9%. Its total assets and total liabilities are $16.4B and $7.7B respectively. Formula One Group's EBIT is $504.0M making its interest coverage ratio 2.3. It has cash and short-term investments of $1.3B.
Key information
59.88%
Debt to equity ratio
US$5.16b
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$1.29b |
| Equity | US$8.62b |
| Total liabilities | US$7.74b |
| Total assets | US$16.36b |
Recent financial health updates
We Think Formula One Group (NASDAQ:FWON.K) Is Taking Some Risk With Its Debt
Jul 18
Does Formula One Group (NASDAQ:FWON.K) Have A Healthy Balance Sheet?
Feb 24Recent updates
Shareholders Can Be Confident That Formula One Group's (NASDAQ:FWON.K) Earnings Are High Quality
Aug 15Returns Are Gaining Momentum At Formula One Group (NASDAQ:FWON.K)
Aug 08We Think Formula One Group (NASDAQ:FWON.K) Is Taking Some Risk With Its Debt
Jul 18What Is Formula One Group's (NASDAQ:FWON.K) Share Price Doing?
Jun 13Formula One Group's (NASDAQ:FWON.K) Business Is Trailing The Industry But Its Shares Aren't
May 04Calculating The Fair Value Of Formula One Group (NASDAQ:FWON.K)
Mar 27Why Formula One Group (NASDAQ:FWON.K) Could Be Worth Watching
Mar 12Does Formula One Group (NASDAQ:FWON.K) Have A Healthy Balance Sheet?
Feb 24Returns On Capital Are Showing Encouraging Signs At Formula One Group (NASDAQ:FWON.K)
Jan 28Formula One Group's (NASDAQ:FWON.K) Shares May Have Run Too Fast Too Soon
Dec 17Is Formula One Group (NASDAQ:FWON.K) Potentially Undervalued?
Nov 29Financial Position Analysis
Short Term Liabilities: FWON.K's short term assets ($2.1B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: FWON.K's short term assets ($2.1B) do not cover its long term liabilities ($6.1B).
Debt to Equity History and Analysis
Debt Level: FWON.K's net debt to equity ratio (44.9%) is considered high.
Reducing Debt: FWON.K's debt to equity ratio has increased from 57.1% to 59.9% over the past 5 years.
Debt Coverage: FWON.K's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: FWON.K's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/21 05:16 |
| End of Day Share Price | 2025/11/21 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Formula One Group is covered by 25 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alex Pound | Arete Research Services LLP |
| David Joyce | Barclays |
| Matthew Harrigan | Benchmark Company |