Fortinet Balance Sheet Health
Financial Health criteria checks 2/6
Fortinet has a total shareholder equity of $-463.4M and total debt of $992.3M, which brings its debt-to-equity ratio to -214.1%. Its total assets and total liabilities are $7.3B and $7.7B respectively. Fortinet's EBIT is $1.2B making its interest coverage ratio -12.5. It has cash and short-term investments of $2.4B.
Key information
-214.1%
Debt to equity ratio
US$992.30m
Debt
Interest coverage ratio | -12.5x |
Cash | US$2.44b |
Equity | -US$463.40m |
Total liabilities | US$7.72b |
Total assets | US$7.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FO8 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FO8 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: FO8 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FO8's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: FO8's debt is well covered by operating cash flow (195.1%).
Interest Coverage: FO8 earns more interest than it pays, so coverage of interest payments is not a concern.