Formula One Group Balance Sheet Health
Financial Health criteria checks 5/6
Formula One Group has a total shareholder equity of $7.6B and total debt of $2.9B, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are $12.0B and $4.3B respectively. Formula One Group's EBIT is $409.0M making its interest coverage ratio 1.9. It has cash and short-term investments of $2.7B.
Key information
38.3%
Debt to equity ratio
US$2.93b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$2.67b |
| Equity | US$7.64b |
| Total liabilities | US$4.34b |
| Total assets | US$11.98b |
Recent financial health updates
Is Formula One Group (NASDAQ:FWON.K) A Risky Investment?
Oct 29
Is Formula One Group (NASDAQ:FWON.K) A Risky Investment?
Jul 18Formula One Group (NASDAQ:FWON.K) Seems To Use Debt Quite Sensibly
Apr 09Recent updates
Formula 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 29Is Formula One Group (NASDAQ:FWON.K) A Risky Investment?
Oct 29Formula One Group (NASDAQ:FWON.K) Is Looking To Continue Growing Its Returns On Capital
Sep 12What Is Formula One Group's (NASDAQ:FWON.K) Share Price Doing?
Aug 16Unpleasant Surprises Could Be In Store For Formula One Group's (NASDAQ:FWON.K) Shares
Jul 31Is Formula One Group (NASDAQ:FWON.K) A Risky Investment?
Jul 18Calculating The Fair Value Of Formula One Group (NASDAQ:FWON.K)
Jun 20Formula One Group (NASDAQ:FWON.K) Is Experiencing Growth In Returns On Capital
May 09Formula One Group's (NASDAQ:FWON.K) Share Price Not Quite Adding Up
Apr 24Formula One Group (NASDAQ:FWON.K) Seems To Use Debt Quite Sensibly
Apr 09A Look At The Fair Value Of Formula One Group (NASDAQ:FWON.K)
Mar 13What Is Formula One Group's (NASDAQ:FWON.K) Share Price Doing?
Mar 01Here's Why We Think Formula One Group (NASDAQ:FWON.K) Is Well Worth Watching
Feb 18There's Been No Shortage Of Growth Recently For Formula One Group's (NASDAQ:FWON.K) Returns On Capital
Jan 01Financial Position Analysis
Short Term Liabilities: FWON.K's short term assets ($3.3B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: FWON.K's short term assets ($3.3B) exceed its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: FWON.K's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: FWON.K's debt to equity ratio has reduced from 99.4% to 38.3% over the past 5 years.
Debt Coverage: FWON.K's debt is well covered by operating cash flow (22.3%).
Interest Coverage: FWON.K's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:08 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
Formula One Group is covered by 27 analysts. 16 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 |
| Ishan Majumdar | Baptista Research |
| David Joyce | Barclays |