RACEFerrari N.V.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (AA) and typical volatility.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -39% · now 22% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
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.
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
- 22%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Auto Manufacturers
Ranks #2 of 10 by RyuScore