Fortinet Other Current Liab vs Common Stock Total Equity Analysis
| FTNT Stock | USD 61.24 0.51 0.84% |
Fortinet financial indicator trend analysis is much more than just examining Fortinet latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortinet is a good investment. Please check the relationship between Fortinet Other Current Liab and its Common Stock Total Equity accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.
Other Current Liab vs Common Stock Total Equity
Other Current Liab vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortinet Other Current Liab account and Common Stock Total Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Fortinet's Other Current Liab and Common Stock Total Equity is 0.92. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of Fortinet, assuming nothing else is changed. The correlation between historical values of Fortinet's Other Current Liab and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Fortinet are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Other Current Liab i.e., Fortinet's Other Current Liab and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Other Current Liab
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most indicators from Fortinet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortinet current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.At this time, Fortinet's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas Tax Provision is likely to drop slightly above 29.3 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 14.9M | 18M | 21M | 13.6M | Depreciation And Amortization | 77.3M | 108.2M | 379.7M | 398.7M |
Fortinet fundamental ratios Correlations
Click cells to compare fundamentals
Fortinet Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortinet fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 875M | 838.5M | 835.5M | 805.3M | 788.2M | 858.4M | |
| Total Assets | 3.9B | 4.0B | 5.9B | 6.2B | 7.3B | 7.6B | |
| Other Current Liab | 188.1M | 276M | 366M | 452.5M | 632.6M | 664.2M | |
| Total Current Liabilities | 1.5B | 1.8B | 2.3B | 3.1B | 3.7B | 3.9B | |
| Total Stockholder Equity | 1.3B | 856M | 781.7M | (281.6M) | (463.4M) | (440.2M) | |
| Other Liab | 1.1B | 1.4B | 1.8B | 2.4B | 2.7B | 2.9B | |
| Property Plant And Equipment Net | 344.3M | 448M | 687.6M | 898.5M | 1.1B | 1.2B | |
| Current Deferred Revenue | 1.2B | 1.4B | 1.8B | 2.3B | 2.8B | 3.0B | |
| Net Debt | (1.2B) | (1.0B) | (330.7M) | (692.5M) | (326.5M) | (342.8M) | |
| Retained Earnings | 140.3M | (352.1M) | (467.9M) | (1.5B) | (1.9B) | (1.8B) | |
| Accounts Payable | 96.4M | 141.6M | 148.4M | 243.4M | 204.3M | 214.5M | |
| Cash | 1.2B | 1.1B | 1.3B | 1.7B | 1.4B | 703.1M | |
| Non Current Assets Total | 1.1B | 1.3B | 2.3B | 2.4B | 2.8B | 3.0B | |
| Non Currrent Assets Other | 297M | 368M | 659.1M | 720.2M | 637.4M | 669.3M | |
| Other Assets | 480M | 732M | 1.0B | 1.2B | 1.0 | 0.95 | |
| Cash And Short Term Investments | 2.1B | 1.8B | 2.6B | 2.2B | 2.4B | 2.6B | |
| Net Receivables | 544.3M | 720M | 807.7M | 1.3B | 1.4B | 1.5B | |
| Short Term Investments | 843.1M | 775.5M | 1.2B | 528.1M | 1.0B | 1.1B | |
| Liabilities And Stockholders Equity | 3.9B | 4.0B | 5.9B | 6.2B | 7.3B | 7.6B | |
| Non Current Liabilities Total | 1.1B | 1.4B | 2.8B | 3.4B | 4.0B | 4.2B | |
| Inventory | 117.9M | 139.8M | 175.8M | 264.6M | 484.8M | 509.0M | |
| Other Current Assets | 41.2M | 43.3M | 65.4M | 73.1M | 101.1M | 106.2M | |
| Other Stockholder Equity | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | 778.4M | |
| Total Liab | 2.6B | 3.2B | 5.1B | 6.5B | 7.7B | 8.1B | |
| Property Plant And Equipment Gross | 344.3M | 448M | 687.6M | 898.5M | 1.4B | 1.5B | |
| Total Current Assets | 2.8B | 2.7B | 3.6B | 3.8B | 4.4B | 4.6B | |
| Accumulated Other Comprehensive Income | 1.1M | 700K | (4.8M) | (20.2M) | (18.9M) | (18.0M) | |
| Short Term Debt | 15.5M | 19.1M | 26.3M | 33.2M | 33.4M | 20.5M | |
| Property Plant Equipment | 344.3M | 448M | 687.6M | 898.5M | 1.0B | 1.1B | |
| Intangible Assets | 31.1M | 31.6M | 63.6M | 56M | 35.3M | 24.6M | |
| Net Tangible Assets | 1.2B | 731.4M | 593M | (281.6M) | (253.4M) | (240.8M) | |
| Retained Earnings Total Equity | 140.3M | (352.1M) | (467.9M) | (1.5B) | (1.4B) | (1.3B) | |
| Capital Surpluse | 1.2B | 1.2B | 1.3B | 1.3B | 1.5B | 973.4M | |
| Deferred Long Term Liab | 962.3M | 1.2B | 423.3M | 2.3B | 2.6B | 2.8B | |
| Long Term Investments | 67M | 144.3M | 118.3M | 440.8M | 45.5M | 0.0 | |
| Non Current Liabilities Other | 127.7M | 146.5M | 59.2M | 82M | 124.7M | 92.3M |
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Try AI Portfolio ArchitectCheck out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
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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 0.258 | Earnings Share 1.54 | Revenue Per Share 6.977 | Quarterly Revenue Growth 0.072 | Return On Assets 0.1108 |
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.