Formula One Group Balance Sheet Health
Financial Health criteria checks 4/6
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 44.5%. Its total assets and total liabilities are $10.8B and $4.3B respectively. Formula One Group's EBIT is $403.0M making its interest coverage ratio 1.9. It has cash and short-term investments of $1.5B.
Key information
44.5%
Debt to equity ratio
US$2.91b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$1.49b |
| Equity | US$6.55b |
| Total liabilities | US$4.26b |
| Total assets | US$10.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FWON.B's short term assets ($2.0B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: FWON.B's short term assets ($2.0B) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: FWON.B's net debt to equity ratio (21.7%) is considered satisfactory.
Reducing Debt: FWON.B's debt to equity ratio has reduced from 98.3% to 44.5% over the past 5 years.
Debt Coverage: FWON.B's debt is well covered by operating cash flow (24.5%).
Interest Coverage: FWON.B's interest payments on its debt are not well covered by EBIT (1.9x coverage).