RACEFerrari N.V.

$412.76

Is it safe?

Can RACE take a bad year?

Ferrari N.V. carries $1.41B of net debt at 0.59× EBITDA: a load its earnings can carry.

$1.41B

Net debt · as at FY2025 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
0.59×

Net debt / EBITDA · 0.73× a year ago · the load is coming down

Interest cover
21.3×

Interest cover · operating profit covers the interest bill several times over

Annualised volatility
33%

Annualised volatility · about as steady as the market itself

Details
Total debtFY2025
$2.88B
Cash and short-term investments
$1.47B
Net debt
$1.41B
EBITDA, trailing twelve months
$2.41B
Operating profit, trailing twelve months
$2.11B
Debt / equity
0.74×
Total debt / EBITDA
1.20×
Annualised volatilitytwo years of daily moves
33%
Worst drawdown on file
−39%
Below its 52-week high
−17%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.