Fortinet Total Debt

FTNT
 Stock
  

USD 54.29  1.77  3.37%   

Fortinet fundamentals help investors to digest information that contributes to Fortinet's financial success or failures. It also enables traders to predict the movement of Fortinet Stock. The fundamental analysis module provides a way to measure Fortinet's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fortinet stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
Total Debt is likely to drop to about 884.4 M in 2022.

Fortinet Total Debt Analysis

Fortinet's Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Total Debt 
 = 
Bonds 
+  
Notes 
More About Total Debt | All Equity Analysis

Current Fortinet Total Debt

    
  988.9 M  
Most of Fortinet's fundamental indicators, such as Total Debt, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fortinet is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Fortinet Total Debt Driver Correlations

Understanding the fundamental principles of building solid financial models for Fortinet is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Total Debt. Since Fortinet's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Fortinet's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Fortinet's interrelated accounts and indicators.

Fortinet Total Debt Historical Pattern

Today, most investors in Fortinet Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Fortinet's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total debt growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Fortinet total debt as a starting point in their analysis.
   Fortinet Total Debt   
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In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Compare to competition

Based on the latest financial disclosure, Fortinet has a Total Debt of 988.9 M. This is 38.64% lower than that of the Technology sector and significantly higher than that of the Software—Infrastructure industry. The total debt for all United States stocks is 81.4% higher than that of the company.

Fortinet Total Debt Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fortinet's direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Fortinet could also be used in its relative valuation, which is a method of valuing Fortinet by comparing valuation metrics of similar companies.
Fortinet is currently under evaluation in total debt category among related companies.

Fortinet Current Valuation Drivers

We derive many important indicators used in calculating different scores of Fortinet from analyzing Fortinet's financial statements. These drivers represent accounts that assess Fortinet's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Fortinet's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee6.2 K56.84 K46.1 K59.14 K59.52 K64.22 K
Revenue Per Employee295.09 K308.16 K304.46 K314.07 K327.83 K291.81 K
Average Assets2.32 B2.7 B3.5 B3.54 B5.68 B6.13 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA179.5 M310 M447.6 M610.5 M720.2 M777.06 M
Earnings Before Interest Taxes and Depreciation Amortization USD179.5 M310 M447.6 M610.5 M720.2 M777.06 M
Earnings before Tax124 M254.3 M386 M541.7 M620.9 M669.92 M
Average Equity828 M843.88 M1.18 B662.35 M982.7 M939.79 M
Enterprise Value6.69 B10.83 B17.08 B23.23 B57.92 B62.49 B
Free Cash Flow459.1 M585.9 M715.8 M957.8 M1.2 B1.3 B
Invested Capital388.8 M648.9 M1.1 B1.03 B3.08 B3.32 B
Invested Capital Average518.1 M516.4 M938.75 M911.98 M2.69 B2.9 B
Market Capitalization7.6 B12 B18.26 B24.11 B58.76 B63.4 B
Tangible Asset Value2.23 B3.02 B3.78 B3.92 B5.73 B6.18 B
Working Capital689.6 M964.5 M1.31 B910.9 M1.28 B1.09 B

Fortinet ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Fortinet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Fortinet's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Fortinet Fundamentals

About Fortinet Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Fortinet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortinet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortinet based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Total Debt889.6 M884.4 M
Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California. Fortinet operates under SoftwareInfrastructure classification in the United States and is traded on NASDAQ Exchange. It employs 10860 people.

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Please check Fortinet Piotroski F Score and Fortinet Altman Z Score analysis. Note that the Fortinet information on this page should be used as a complementary analysis to other Fortinet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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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 YOY
0.31
Market Capitalization
41.4 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.0833
Return On Equity
2.01
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 Fortinet value 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.