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
Is Fortinet (NASDAQ:FTNT) A Risky Investment?
Nov 13
Fortinet (NASDAQ:FTNT) Has A Rock Solid Balance Sheet
Aug 13Fortinet (NASDAQ:FTNT) Seems To Use Debt Rather Sparingly
May 08Fortinet (NASDAQ:FTNT) Could Easily Take On More Debt
Jul 06Recent updates
Are Investors Undervaluing Fortinet, Inc. (NASDAQ:FTNT) By 32%?
Apr 13Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?
Mar 28Fortinet: Soft Demand Creating Elevated Stock Risk
Mar 25Fortinet: Adapting To New Dynamics Of Cybersecurity Industry
Mar 12At US$66.96, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Feb 23Fortinet: Excellent Business To Surf The Secular Trend, But Valuations Remain Enriched
Feb 13Fortinet, Inc. (NASDAQ:FTNT) Just Reported And Analysts Have Been Lifting Their Price Targets
Feb 08Fortinet: Don't Wait Until This Cybersecurity Leader Regains Its All-Time Highs
Feb 03There's Reason For Concern Over Fortinet, Inc.'s (NASDAQ:FTNT) Price
Jan 21Fortinet, Inc.'s (NASDAQ:FTNT) Intrinsic Value Is Potentially 34% Above Its Share Price
Jan 08The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Dec 25Is Now The Time To Put Fortinet (NASDAQ:FTNT) On Your Watchlist?
Dec 11Is Fortinet (NASDAQ:FTNT) A Risky Investment?
Nov 13When Should You Buy Fortinet, Inc. (NASDAQ:FTNT)?
Oct 16An Intrinsic Calculation For Fortinet, Inc. (NASDAQ:FTNT) Suggests It's 39% Undervalued
Oct 02The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Sep 17Here's Why We Think Fortinet (NASDAQ:FTNT) Might Deserve Your Attention Today
Aug 27Fortinet (NASDAQ:FTNT) Has A Rock Solid Balance Sheet
Aug 13At US$78.92, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Jul 16Calculating The Fair Value Of Fortinet, Inc. (NASDAQ:FTNT)
Jul 02We Think Fortinet (NASDAQ:FTNT) Might Have The DNA Of A Multi-Bagger
Jun 18Should You Be Adding Fortinet (NASDAQ:FTNT) To Your Watchlist Today?
May 22Fortinet (NASDAQ:FTNT) Seems To Use Debt Rather Sparingly
May 08What Is Fortinet, Inc.'s (NASDAQ:FTNT) Share Price Doing?
Apr 06Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 25% Below Their Intrinsic Value Estimate
Mar 22The Trend Of High Returns At Fortinet (NASDAQ:FTNT) Has Us Very Interested
Mar 07Should You Be Adding Fortinet (NASDAQ:FTNT) To Your Watchlist Today?
Feb 05At US$48.52, Is It Time To Put Fortinet, Inc. (NASDAQ:FTNT) On Your Watch List?
Jan 04Fortinet, Inc.'s (NASDAQ:FTNT) Intrinsic Value Is Potentially 44% Above Its Share Price
Dec 20Fortinet (NASDAQ:FTNT) Could Become A Multi-Bagger
Dec 05Do Fortinet's (NASDAQ:FTNT) Earnings Warrant Your Attention?
Oct 22Fortinet: Fairly Valued, Profitable And Growing Rapidly
Oct 04Should You Think About Buying Fortinet, Inc. (NASDAQ:FTNT) Now?
Sep 22Returns On Capital Are A Standout For Fortinet (NASDAQ:FTNT)
Sep 04Fortinet: Still A Bit Frothy After 30% Haircut
Sep 01Fortinet, NEC to develop secure 5G networks for CSPs
Aug 23Fortinet, Inc. (NASDAQ:FTNT) Shares Could Be 49% Below Their Intrinsic Value Estimate
Aug 17Fortinet: Evaluating The Prospects Amid Steepening Valuation
Aug 01Here's Why We Think Fortinet (NASDAQ:FTNT) Might Deserve Your Attention Today
Jul 20Fortinet (NASDAQ:FTNT) Could Easily Take On More Debt
Jul 06Is Fortinet Stock A Buy After Its Stock Split? We Like This Fantastic Earnings Growth Story
Jun 24Is It Time To Consider Buying Fortinet, Inc. (NASDAQ:FTNT)?
Jun 08Fortinet: Buy High, Sell Higher
Jun 07Fortinet: No Debt And Excellent Free Cash Flow
May 14Fortinet: The Cloudflare Of Hybrid Networking And Security
May 06Financial Position Analysis
Short Term Liabilities: FTNT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FTNT 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: FTNT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FTNT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: FTNT's debt is well covered by operating cash flow (195.1%).
Interest Coverage: FTNT earns more interest than it pays, so coverage of interest payments is not a concern.