# Formula One Group Balance Sheet Health

### Financial Health criteria checks 3/6

Formula One Group has a total shareholder equity of $6.5B and total debt of $2.9B, which brings its debt-to-equity ratio to 44.7%. Its total assets and total liabilities are $10.6B and $4.1B respectively. Formula One Group's EBIT is $385.0M making its interest coverage ratio 1.8. It has cash and short-term investments of $1.2B.

### Key information

44.7%

Debt to equity ratio

US$2.90b

Debt

Interest coverage ratio | 1.8x |

Cash | US$1.23b |

Equity | US$6.49b |

Total liabilities | US$4.12b |

Total assets | US$10.61b |

### Recent financial health updates

### Is Formula One Group (NASDAQ:FWON.K) A Risky Investment?

Jul 18### Formula One Group (NASDAQ:FWON.K) Seems To Use Debt Quite Sensibly

Apr 09### These 4 Measures Indicate That Formula One Group (NASDAQ:FWON.K) Is Using Debt Reasonably Well

Nov 26### These 4 Measures Indicate That Formula One Group (NASDAQ:FWON.K) Is Using Debt Reasonably Well

Aug 24### Here's Why Formula One Group (NASDAQ:FWON.K) Has A Meaningful Debt Burden

May 08### Is Formula One Group (NASDAQ:FWON.K) A Risky Investment?

Jan 26### Recent updates

### Unpleasant Surprises Could Be In Store For Formula One Group's (NASDAQ:FWON.K) Shares

Jul 31### Is Formula One Group (NASDAQ:FWON.K) A Risky Investment?

Jul 18### Calculating The Fair Value Of Formula One Group (NASDAQ:FWON.K)

Jun 20### Formula One Group (NASDAQ:FWON.K) Is Experiencing Growth In Returns On Capital

May 09### Formula One Group's (NASDAQ:FWON.K) Share Price Not Quite Adding Up

Apr 24### Formula One Group (NASDAQ:FWON.K) Seems To Use Debt Quite Sensibly

Apr 09### A Look At The Fair Value Of Formula One Group (NASDAQ:FWON.K)

Mar 13### What Is Formula One Group's (NASDAQ:FWON.K) Share Price Doing?

Mar 01### Here's Why We Think Formula One Group (NASDAQ:FWON.K) Is Well Worth Watching

Feb 18### There's Been No Shortage Of Growth Recently For Formula One Group's (NASDAQ:FWON.K) Returns On Capital

Jan 01### A Look At The Fair Value Of Formula One Group (NASDAQ:FWON.K)

Dec 08### These 4 Measures Indicate That Formula One Group (NASDAQ:FWON.K) Is Using Debt Reasonably Well

Nov 26### Here's Why We Think Formula One Group (NASDAQ:FWON.K) Is Well Worth Watching

Nov 14### At US$64.91, Is It Time To Put Formula One Group (NASDAQ:FWON.K) On Your Watch List?

Nov 02### Formula One Group (NASDAQ:FWON.K) Might Have The Makings Of A Multi-Bagger

Sep 11### These 4 Measures Indicate That Formula One Group (NASDAQ:FWON.K) Is Using Debt Reasonably Well

Aug 24### Formula One Group's (NASDAQ:FWON.K) Intrinsic Value Is Potentially 25% Below Its Share Price

Aug 09### Is Now The Time To Look At Buying Formula One Group (NASDAQ:FWON.K)?

Jul 22### We Like These Underlying Return On Capital Trends At Formula One Group (NASDAQ:FWON.K)

May 29### Here's Why Formula One Group (NASDAQ:FWON.K) Has A Meaningful Debt Burden

May 08### At US$73.93, Is Formula One Group (NASDAQ:FWON.K) Worth Looking At Closely?

Apr 17### Does Formula One Group (NASDAQ:FWON.K) Deserve A Spot On Your Watchlist?

Feb 16### Is Formula One Group (NASDAQ:FWON.K) A Risky Investment?

Jan 26### Formula One Group (NASDAQ:FWON.K) Is Doing The Right Things To Multiply Its Share Price

Jan 04### Shareholders Will Be Pleased With The Quality of Formula One Group's (NASDAQ:FWON.K) Earnings

Nov 20### Formula One Group (NASDAQ:FWON.K) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Nov 17### Here's Why We Think Formula One Group (NASDAQ:FWON.K) Might Deserve Your Attention Today

Nov 16### What Is Formula One Group's (NASDAQ:FWON.K) Share Price Doing?

Oct 03### Estimating The Fair Value Of Formula One Group (NASDAQ:FWON.K)

Sep 17### Formula One Group (NASDAQ:FWON.K) Has A Pretty Healthy Balance Sheet

Aug 14### Formula One Group's (NASDAQ:FWON.K) Returns On Capital Are Heading Higher

Jul 02### Is Formula One Group (NASDAQ:FWON.K) A Risky Investment?

Apr 29### Investors Will Want Formula One Group's (NASDAQ:FWON.K) Growth In ROCE To Persist

Mar 21### Is Formula One Group (NASDAQ:FWON.K) Expensive For A Reason? A Look At Its Intrinsic Value

Feb 19### What Is Formula One Group's (NASDAQ:FWON.K) Share Price Doing?

Jan 23### Would Formula One Group (NASDAQ:FWON.K) Be Better Off With Less Debt?

Dec 01### Estimating The Intrinsic Value Of Formula One Group (NASDAQ:FWON.K)

Nov 05### Is Formula One Group (NASDAQ:FWON.K) Potentially Undervalued?

Sep 13### Here's Why Formula One Group (NASDAQ:FWON.K) Can Afford Some Debt

Aug 26### A Look At The Fair Value Of Formula One Group (NASDAQ:FWON.K)

Jul 19### Is Now An Opportune Moment To Examine Formula One Group (NASDAQ:FWON.K)?

Jun 04### Formula One Group (NASDAQ:FWON.K) Is Carrying A Fair Bit Of Debt

May 18### Market Sentiment Around Loss-Making Formula One Group (NASDAQ:FWON.K)

Mar 21### Analysts Are More Bearish On Formula One Group (NASDAQ:FWON.K) Than They Used To Be

Mar 03### Should You Investigate Formula One Group (NASDAQ:FWON.K) At US$43.26?

Feb 04### The Formula One Group (NASDAQ:FWON.K) Share Price Has Gained 19% And Shareholders Are Hoping For More

Jan 09### Formula One Group (NASDAQ:FWON.K) Is Carrying A Fair Bit Of Debt

Dec 14### Formula One Group (NASDAQ:FWON.K) Shares Could Be 23% Above Their Intrinsic Value Estimate

Nov 21## Financial Position Analysis

Short Term Liabilities: FWON.K's short term assets ($1.7B) exceed its short term liabilities ($1.1B).

Long Term Liabilities: FWON.K's short term assets ($1.7B) do not cover its long term liabilities ($3.1B).

## Debt to Equity History and Analysis

Debt Level: FWON.K's net debt to equity ratio (25.7%) is considered satisfactory.

Reducing Debt: FWON.K's debt to equity ratio has reduced from 96.5% to 44.7% over the past 5 years.

Debt Coverage: FWON.K's debt is not well covered by operating cash flow (17.3%).

Interest Coverage: FWON.K's interest payments on its debt are not well covered by EBIT (1.8x coverage).