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Ferrari - Balance Sheet

Assets and their Funding (EUR mil)
Automotive | Italy | September 25, 2020
$10.99
Excel Sheet

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Ferrari's total assets reached EUR 5,446 mil at the end of 2019, up 12.3% compared to the previous year.

Current assets amounted to EUR 2,641 mil, or 48.5% of total assets while cash stood at EUR 898 mil at the end of 2019.

By contrast, total debt reached EUR 2,090 mil at the year-end, or 38.4% of total assets, while the firm's equity amounted to EUR 1,487 mil. As a result, net debt stood at EUR 1,192 mil at the end of 2019 and accounted for 80.1% of equity.

Net debt against equity is up 65.0 pp from five years ago (15.2%). The ratio against EBITDA increased from 0.697x seen in 2014 to 1.07x.

The company’s cost of funding amounted to 1.55% in 2019, up 0.075 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.