Fortinet Net Debt from 2010 to 2024

FTNT Stock

USD 96.44 3.32 3.57%

Fortinet Net Debt yearly trend continues to be comparatively stable with very little volatility. Net Debt will likely drop to about -342.8 M in 2024. Net Debt is the total debt of Fortinet minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. View All Fundamentals

Net Debt

First Reported

2008-12-31

Previous Quarter

-1.2 B

Current Value

-1.5 B

Quarterly Volatility

456.6 M

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's 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 indicators such as Price To Sales Ratio of 5.5, Dividend Yield of 0.0 or Days Sales Outstanding of 68.9. Fortinet financial statements analysis is a perfect complement when working with Fortinet Valuation or Volatility modules.

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 Net Debt Growth Pattern

Below is the plot of the Net Debt of Fortinet over the last few years. It is the total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. Fortinet's Net Debt 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.

Net Debt

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Net Debt

Timeline

Fortinet Net Debt Regression Statistics

	Arithmetic Mean	(514,587,467)
	Coefficient Of Variation	(74.44)
	Mean Deviation	326,822,898
	Median	(342,825,000)
	Standard Deviation	383,079,573
	Sample Variance	146750T
	Range	1.1B
	R-Value	(0.46)
	Mean Square Error	124918.2T
	R-Squared	0.21
	Significance	0.09
	Slope	(39,213,829)
	Total Sum of Squares	2054499.4T

Fortinet Net Debt History

	2024	-342.8 M
	2023	-326.5 M
	2022	-692.5 M
	2021	-330.7 M
	2020	-1 B
	2019	-1.2 B
	2018	-1.1 B

Other Fundumenentals of Fortinet

Net Debt To E B I T D A

Fortinet Net Debt component correlations

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Intangible Assets	Net Tangible Assets	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Good Will	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Debt Total
Total Assets		-0.44	0.99	-0.25	-0.87	0.97	0.98	0.88	0.98	1.0	0.63	0.85	0.99	0.8	-0.55	0.86	0.9	-0.45	0.97	0.39	0.35	0.8	0.67
Total Stockholder Equity	-0.44		-0.55	-0.52	0.82	-0.5	-0.57	-0.12	-0.59	-0.38	-0.28	-0.76	-0.58	-0.08	0.98	-0.08	-0.64	0.49	-0.42	0.42	0.52	-0.83	-0.69
Current Deferred Revenue	0.99	-0.55		-0.2	-0.93	0.97	1.0	0.82	1.0	0.98	0.62	0.91	1.0	0.72	-0.64	0.82	0.95	-0.54	0.95	0.26	0.23	0.87	0.74
Net Debt	-0.25	-0.52	-0.2		-0.05	-0.28	-0.2	-0.24	-0.12	-0.34	-0.18	0.02	-0.16	-0.4	-0.46	-0.61	-0.21	0.37	-0.24	-0.35	-0.49	0.1	0.19
Retained Earnings	-0.87	0.82	-0.93	-0.05		-0.89	-0.94	-0.59	-0.94	-0.84	-0.57	-0.96	-0.94	-0.54	0.87	-0.62	-0.94	0.62	-0.83	0.04	0.1	-0.96	-0.8
Accounts Payable	0.97	-0.5	0.97	-0.28	-0.89		0.98	0.76	0.96	0.96	0.62	0.87	0.97	0.8	-0.61	0.84	0.92	-0.52	0.96	0.27	0.23	0.83	0.59
Net Receivables	0.98	-0.57	1.0	-0.2	-0.94	0.98		0.79	0.99	0.97	0.61	0.92	0.99	0.72	-0.66	0.81	0.96	-0.56	0.95	0.22	0.19	0.89	0.73
Short Term Investments	0.88	-0.12	0.82	-0.24	-0.59	0.76	0.79		0.81	0.88	0.51	0.58	0.81	0.72	-0.23	0.79	0.64	-0.16	0.86	0.64	0.61	0.5	0.56
Total Liab	0.98	-0.59	1.0	-0.12	-0.94	0.96	0.99	0.81		0.97	0.62	0.91	1.0	0.73	-0.68	0.79	0.93	-0.5	0.95	0.27	0.21	0.88	0.74
Total Current Assets	1.0	-0.38	0.98	-0.34	-0.84	0.96	0.97	0.88	0.97		0.62	0.82	0.97	0.8	-0.48	0.89	0.89	-0.48	0.96	0.41	0.39	0.77	0.65
Short Term Debt	0.63	-0.28	0.62	-0.18	-0.57	0.62	0.61	0.51	0.62	0.62		0.57	0.63	0.58	-0.41	0.63	0.55	-0.29	0.61	0.22	0.19	0.5	0.38
Common Stock	0.85	-0.76	0.91	0.02	-0.96	0.87	0.92	0.58	0.91	0.82	0.57		0.9	0.46	-0.82	0.58	0.95	-0.61	0.77	-0.1	-0.13	0.99	0.82
Property Plant Equipment	0.99	-0.58	1.0	-0.16	-0.94	0.97	0.99	0.81	1.0	0.97	0.63	0.9		0.74	-0.67	0.8	0.93	-0.52	0.96	0.28	0.23	0.87	0.72
Intangible Assets	0.8	-0.08	0.72	-0.4	-0.54	0.8	0.72	0.72	0.73	0.8	0.58	0.46	0.74		-0.22	0.86	0.54	-0.1	0.84	0.65	0.59	0.4	0.18
Net Tangible Assets	-0.55	0.98	-0.64	-0.46	0.87	-0.61	-0.66	-0.23	-0.68	-0.48	-0.41	-0.82	-0.67	-0.22		-0.19	-0.7	0.46	-0.52	0.34	0.45	-0.87	-0.67
Capital Surpluse	0.86	-0.08	0.82	-0.61	-0.62	0.84	0.81	0.79	0.79	0.89	0.63	0.58	0.8	0.86	-0.19		0.72	-0.41	0.85	0.49	0.52	0.5	0.43
Deferred Long Term Liab	0.9	-0.64	0.95	-0.21	-0.94	0.92	0.96	0.64	0.93	0.89	0.55	0.95	0.93	0.54	-0.7	0.72		-0.73	0.85	0.01	0.03	0.94	0.77
Long Term Investments	-0.45	0.49	-0.54	0.37	0.62	-0.52	-0.56	-0.16	-0.5	-0.48	-0.29	-0.61	-0.52	-0.1	0.46	-0.41	-0.73		-0.4	0.28	0.17	-0.63	-0.53
Good Will	0.97	-0.42	0.95	-0.24	-0.83	0.96	0.95	0.86	0.95	0.96	0.61	0.77	0.96	0.84	-0.52	0.85	0.85	-0.4		0.47	0.43	0.73	0.57
Net Invested Capital	0.39	0.42	0.26	-0.35	0.04	0.27	0.22	0.64	0.27	0.41	0.22	-0.1	0.28	0.65	0.34	0.49	0.01	0.28	0.47		0.96	-0.16	-0.17
Net Working Capital	0.35	0.52	0.23	-0.49	0.1	0.23	0.19	0.61	0.21	0.39	0.19	-0.13	0.23	0.59	0.45	0.52	0.03	0.17	0.43	0.96		-0.19	-0.16
Capital Stock	0.8	-0.83	0.87	0.1	-0.96	0.83	0.89	0.5	0.88	0.77	0.5	0.99	0.87	0.4	-0.87	0.5	0.94	-0.63	0.73	-0.16	-0.19		0.83
Long Term Debt Total	0.67	-0.69	0.74	0.19	-0.8	0.59	0.73	0.56	0.74	0.65	0.38	0.82	0.72	0.18	-0.67	0.43	0.77	-0.53	0.57	-0.17	-0.16	0.83

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About Fortinet Financial Statements

Fortinet shareholders use historical fundamental indicators, such as Net Debt, to determine how well the company is positioned to perform in the future. Although Fortinet investors may analyze each financial statement separately, they are all interrelated. The changes in Fortinet's assets and liabilities, for example, are also reflected in the revenues and expenses on on Fortinet's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Net Debt	-326.5 M	-342.8 M
Net Debt To EBITDA	(0.22)	(0.23)

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Fortinet Net Debt from 2010 to 2024

Latest Fortinet's Net Debt Growth Pattern

Fortinet Net Debt Regression Statistics

Fortinet Net Debt History

Other Fundumenentals of Fortinet

Fortinet Net Debt component correlations

About Fortinet Financial Statements

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Fortinet Stock Analysis

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