Fortinet Balance Sheet Health
Financial Health criteria checks 5/6
Fortinet has a total shareholder equity of $908.1M and total debt of $993.8M, which brings its debt-to-equity ratio to 109.4%. Its total assets and total liabilities are $8.9B and $7.9B respectively. Fortinet's EBIT is $1.6B making its interest coverage ratio -13.1. It has cash and short-term investments of $3.7B.
Key information
109.4%
Debt to equity ratio
US$993.80m
Debt
| Interest coverage ratio | -13.1x |
| Cash | US$3.70b |
| Equity | US$908.10m |
| Total liabilities | US$7.94b |
| Total assets | US$8.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: F1TN34's short term assets ($5.2B) exceed its short term liabilities ($3.9B).
Long Term Liabilities: F1TN34's short term assets ($5.2B) exceed its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: F1TN34 has more cash than its total debt.
Reducing Debt: F1TN34's debt to equity ratio has increased from 0% to 109.4% over the past 5 years.
Debt Coverage: F1TN34's debt is well covered by operating cash flow (198.5%).
Interest Coverage: F1TN34 earns more interest than it pays, so coverage of interest payments is not a concern.