Fortinet Historical Balance Sheet

FTNT Stock  USD 67.27  0.18  0.27%   
Trend analysis of Fortinet balance sheet accounts such as Other Current Liabilities of 664.2 M or Total Current Liabilities of 3.9 B provides information on Fortinet's total assets, liabilities, and equity, which is the actual value of Fortinet to its prevalent stockholders. By breaking down trends over time using Fortinet balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Fortinet latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Fortinet is a good buy for the upcoming year.

Fortinet Inventory

509.04 Million

  
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.

About Fortinet Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Fortinet at a specified time, usually calculated after every quarter, six months, or one year. Fortinet Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fortinet and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Fortinet currently owns. An asset can also be divided into two categories, current and non-current.

Fortinet Balance Sheet Chart

Fortinet Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Fortinet uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Fortinet's Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 669.3 M in 2024, despite the fact that Retained Earnings are likely to grow to (1.8 B).

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Assets

Total assets refers to the total amount of Fortinet assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Fortinet books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Fortinet balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Fortinet are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most accounts from Fortinet's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Fortinet current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 669.3 M in 2024, despite the fact that Retained Earnings are likely to grow to (1.8 B).
 2021 2022 2023 2024 (projected)
Other Current Liabilities366M452.5M632.6M664.2M
Total Assets5.9B6.2B7.3B7.6B

Fortinet balance sheet Correlations

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0.170.450.290.370.160.410.350.37-0.48-0.20.540.740.420.590.560.390.120.380.370.090.260.650.370.230.47
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0.010.980.990.99-0.620.990.990.99-0.07-0.940.950.710.990.960.370.880.980.910.80.940.960.671.00.980.95
0.040.910.970.95-0.660.940.950.95-0.03-0.930.870.560.920.830.090.790.950.950.740.940.960.560.950.980.9
0.190.960.980.97-0.540.970.970.97-0.15-0.90.930.690.960.880.260.890.970.90.830.960.960.70.970.970.96
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Click cells to compare fundamentals

Fortinet Account Relationship Matchups

Fortinet balance sheet Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding875M838.3M835.3M835.5M788.2M860.3M
Total Assets3.9B4.0B5.9B6.2B7.3B7.6B
Other Current Liab188.1M276M366M452.5M632.6M664.2M
Total Current Liabilities1.5B1.8B2.3B3.1B3.7B3.9B
Total Stockholder Equity1.3B856M781.7M(281.6M)(463.4M)(440.2M)
Other Liab1.1B1.4B1.8B2.4B2.7B2.9B
Property Plant And Equipment Net344.3M448M687.6M898.5M1.1B1.2B
Current Deferred Revenue1.2B1.4B1.8B2.3B2.8B3.0B
Net Debt(1.2B)(1.0B)(330.7M)(692.5M)(326.5M)(342.8M)
Retained Earnings140.3M(352.1M)(467.9M)(1.5B)(1.9B)(1.8B)
Accounts Payable96.4M141.6M148.4M243.4M204.3M214.5M
Cash1.2B1.1B1.3B1.7B1.4B703.1M
Non Current Assets Total1.1B1.3B2.3B2.4B2.8B3.0B
Non Currrent Assets Other297M368M659.1M720.2M637.4M669.3M
Other Assets480M732M1.0B1.2B1.00.95
Cash And Short Term Investments2.1B1.8B2.6B2.2B2.4B2.6B
Net Receivables544.3M720M807.7M1.3B1.4B1.5B
Short Term Investments843.1M775.5M1.2B528.1M1.0B1.1B
Liabilities And Stockholders Equity3.9B4.0B5.9B6.2B7.3B7.6B
Non Current Liabilities Total1.1B1.4B2.8B3.4B4.0B4.2B
Inventory117.9M139.8M175.8M264.6M484.8M509.0M
Other Current Assets41.2M43.3M65.4M73.1M101.1M106.2M
Other Stockholder Equity1.2B1.2B1.3B1.3B1.4B778.4M
Total Liab2.6B3.2B5.1B6.5B7.7B8.1B
Property Plant And Equipment Gross344.3M448M687.6M898.5M1.4B1.5B
Total Current Assets2.8B2.7B3.6B3.8B4.4B4.6B
Accumulated Other Comprehensive Income1.1M700K(4.8M)(20.2M)(18.9M)(18.0M)
Short Term Debt15.5M19.1M26.3M33.2M33.4M20.5M
Property Plant Equipment344.3M448M687.6M898.5M1.0B1.1B
Intangible Assets31.1M31.6M63.6M56M35.3M24.6M
Net Tangible Assets1.2B731.4M593M(281.6M)(253.4M)(240.8M)
Retained Earnings Total Equity140.3M(352.1M)(467.9M)(1.5B)(1.4B)(1.3B)
Capital Surpluse1.2B1.2B1.3B1.3B1.5B973.4M
Deferred Long Term Liab962.3M1.2B423.3M2.3B2.6B2.8B
Long Term Investments67M144.3M118.3M440.8M45.5M0.0
Non Current Liabilities Other127.7M146.5M59.2M82M124.7M92.3M

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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 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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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.