Fortinet Debt To Equity from 2010 to 2024

FTNT Stock  USD 63.69  0.29  0.46%   
Fortinet Debt To Equity yearly trend continues to be comparatively stable with very little volatility. Debt To Equity is likely to outpace its year average in 2024. Debt To Equity is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt the company is using to finance its assets. View All Fundamentals
 
Debt To Equity  
First Reported
2010-12-31
Previous Quarter
(2.21)
Current Value
(2.10)
Quarterly Volatility
1.23220635
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Fortinet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fortinet main balance sheet or income statement drivers, such as Depreciation And Amortization of 398.7 M, Interest Expense of 13.6 M or Selling General Administrative of 221.9 M, as well as many exotic indicators such as Price To Sales Ratio of 5.5, Dividend Yield of 0.0135 or Days Sales Outstanding of 68.9. Fortinet financial statements analysis is a perfect complement when working with Fortinet Valuation or Volatility modules.
  
This module can also supplement Fortinet's financial leverage analysis and stock options assessment as well as various Fortinet Technical models . Check out the analysis of Fortinet Correlation against competitors.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.

Latest Fortinet's Debt To Equity Growth Pattern

Below is the plot of the Debt To Equity of Fortinet over the last few years. It is a measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt the company is using to finance its assets. Fortinet's Debt To Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortinet's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 4.24 %10 Years Trend
Slightly volatile
   Debt To Equity   
       Timeline  

Fortinet Debt To Equity Regression Statistics

Arithmetic Mean(0.45)
Geometric Mean0.1
Coefficient Of Variation(276.10)
Mean Deviation0.88
Median0.01
Standard Deviation1.23
Sample Variance1.52
Range4.933
R-Value(0.51)
Mean Square Error1.21
R-Squared0.26
Significance0.05
Slope(0.14)
Total Sum of Squares21.26

Fortinet Debt To Equity History

2024 -2.1
2023 -2.21
2022 -3.63
2021 1.3
2020 0.062
2019 0.0349
2018 0.0279

About Fortinet Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Fortinet income statement, its balance sheet, and the statement of cash flows. Fortinet investors use historical funamental indicators, such as Fortinet's Debt To Equity, to determine how well the company is positioned to perform in the future. Although Fortinet investors may use each financial statement separately, they are all related. The changes in Fortinet's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Fortinet's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Fortinet Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Fortinet. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Debt To Equity(2.21)(2.10)

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When determining whether Fortinet is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fortinet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fortinet Stock. Highlighted below are key reports to facilitate an investment decision about Fortinet Stock:
Check out the analysis of Fortinet Correlation against competitors.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.
You can also try the Stocks Directory module to find actively traded stocks across global markets.

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Is Fortinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.035
Earnings Share
1.46
Revenue Per Share
6.813
Quarterly Revenue Growth
0.103
Return On Assets
0.1146
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.