Fortinet Historical Balance Sheet

FTNT
 Stock
  

USD 51.93  1.01  1.91%   

Trend analysis of Fortinet balance sheet accounts such as Accounts Payable of 160.1 M or Total Assets of 6.4 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. Financial Statement Analysis is much more than just reviewing and breaking down Fortinet prevalent 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.
Please check Investing Opportunities.
  

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.
Fortinet Investments Current are comparatively stable at the moment as compared to the past year. Fortinet reported Investments Current of 1.23 Billion in 2021. Investments Non Current is likely to gain to about 475.6 M in 2022, whereas Cash and Equivalents is likely to drop slightly above 1.1 B in 2022.

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. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; Investments; Goodwill and Intangible Assets; Property Plant and Equipment Net; Tax Assets and Trade and Non Trade Receivables.

Current Assets

Current assets of Fortinet include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Fortinet. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

Total Liabilities

Deferred Income Tax is recorded on Fortinet balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Fortinet books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; Deferred Revenue; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most accounts from Fortinet 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. Please check Investing Opportunities.Fortinet Investments Current are comparatively stable at the moment as compared to the past year. Fortinet reported Investments Current of 1.23 Billion in 2021. Investments Non Current is likely to gain to about 475.6 M in 2022, whereas Cash and Equivalents is likely to drop slightly above 1.1 B in 2022.
 2019 2020 2021 2022 (projected)
Receivables544.3 M720 M807.7 M871.47 M
Inventories117.9 M139.8 M175.8 M189.68 M

Fortinet balance sheet Correlations

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Click cells to compare fundamentals

Fortinet Account Relationship Matchups

Fortinet balance sheet Accounts

201720182019202020212022 (projected)
Inventories77.29 M90 M117.9 M139.8 M175.8 M189.68 M
Receivables348.19 M444.5 M544.3 M720 M807.7 M871.47 M
Accounts Payable70.01 M86.4 M96.4 M141.6 M148.4 M160.12 M
Total Assets2.26 B3.08 B3.88 B4.04 B5.92 B6.39 B
Current Assets1.72 B2.22 B2.77 B2.74 B3.6 B2.88 B
Assets Non Current541.1 M857.1 M1.11 B1.3 B2.32 B2.5 B
Cash and Equivalents811 M1.11 B1.22 B1.06 B1.32 B1.08 B
Cash and Equivalents USD811 M1.11 B1.22 B1.06 B1.32 B1.08 B
Deferred Revenue1.34 B1.69 B2.11 B2.61 B3.45 B3.73 B
Shareholders Equity589.4 M1.01 B1.34 B856 M781.7 M848.46 M
Shareholders Equity USD589.4 M1.01 B1.34 B856 M781.7 M848.46 M
Goodwill and Intangible Assets30.9 M60.3 M98.3 M124.6 M188.7 M203.6 M
Inventory77.3 M90 M117.9 M139.8 M175.8 M142.37 M
Investments538.3 M604.2 M987.4 M893.8 M1.67 B1.32 B
Investments Current440.3 M537.2 M843.1 M775.5 M1.23 B1.33 B
Investments Non Current98 M67 M144.3 M118.3 M440.8 M475.6 M
Total Liabilities1.67 B2.07 B2.54 B3.19 B5.12 B5.52 B
Current Liabilities1.03 B1.26 B1.46 B1.83 B2.32 B2.5 B
Liabilities Non Current641.3 M811.4 M1.08 B1.36 B2.8 B3.02 B
Trade and Non Trade Payables70 M86.4 M96.4 M141.6 M148.4 M119.53 M
Property Plant and Equipment Net245.4 M271.4 M344.3 M448 M687.6 M741.88 M
Trade and Non Trade Receivables348.2 M444.5 M544.3 M720 M807.7 M871.47 M
Accumulated Retained Earnings Deficit(319.6 M)(57.5 M)160.8 M(352.1 M)(467.9 M)(480.21 M)
Tax Assets146.9 M255 M226.3 M245.2 M342.3 M274.24 M
Tax Liabilities111.6 M105.7 M82.8 M90.3 M79.5 M85.44 M

Fortinet Investors Sentiment

The influence of Fortinet's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Fortinet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Fortinet's public news can be used to forecast risks associated with investment in Fortinet. The trend in average sentiment can be used to explain how an investor holding Fortinet can time the market purely based on public headlines and social activities around Fortinet. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Fortinet's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Fortinet's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Fortinet's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Fortinet.

Fortinet Implied Volatility

    
  50.1  
Fortinet's implied volatility exposes the market's sentiment of Fortinet stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Fortinet's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Fortinet stock will not fluctuate a lot when Fortinet's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fortinet in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fortinet's short interest history, or implied volatility extrapolated from Fortinet options trading.

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Please check Investing Opportunities. 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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running Fortinet 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 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 YOY
0.31
Market Capitalization
42.8 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.