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Ferrari's total assets reached EUR 5,568 mil at the end of 1Q2020, up 4.45% compared to the previous year.
Current assets amounted to EUR 2,687 mil, or 48.2% of total assets while cash stood at EUR 880 mil at the end of 1Q2020.
By contrast, total debt reached at the year-end, or 0% of total assets, while the firm's equity amounted to EUR 1,536 mil. As a result, net debt stood at EUR 1,261 mil at the end of 1Q2020 and accounted for 82.1% of equity.
Net debt against equity is up 63.6 pp from five years ago (18.6%). The ratio against EBITDA increased from 0.689x seen in 1Q2015 to 0.989x.
The company’s cost of funding amounted to in 1Q2020, down 1.27 pp compared to the average over the last 5 years.
You can see all the company’s data at Ferrari profile, or you can download a report on the company in the report section.
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