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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FWON.B's short term assets ($1.7B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: FWON.B's short term assets ($1.7B) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: FWON.B's net debt to equity ratio (25.7%) is considered satisfactory.
Reducing Debt: FWON.B's debt to equity ratio has reduced from 96.5% to 44.7% over the past 5 years.
Debt Coverage: FWON.B's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: FWON.B's interest payments on its debt are not well covered by EBIT (1.8x coverage).