Fortinet Inc (FTNT)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	5,971,500	5,220,600	4,919,300	4,559,700	4,428,300	4,752,700	4,878,100	4,358,700	3,810,400	2,982,200	2,952,900	3,208,300	3,600,600	3,963,500	3,908,200	3,781,200	2,740,400	2,384,600	2,208,700	2,035,300
Total current liabilities	US$ in thousands	4,060,700	3,883,900	3,725,300	3,800,400	3,719,000	3,649,000	3,500,600	3,261,800	3,078,400	2,779,600	2,634,900	2,510,500	2,318,100	2,198,000	1,998,500	1,879,700	1,829,500	1,645,600	1,611,900	1,543,000
Current ratio		1.47	1.34	1.32	1.20	1.19	1.30	1.39	1.34	1.24	1.07	1.12	1.28	1.55	1.80	1.96	2.01	1.50	1.45	1.37	1.32

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,971,500K ÷ $4,060,700K
= 1.47

The current ratio of Fortinet Inc has displayed some fluctuations over the past few years, ranging from a low of 1.07 as of September 30, 2022, to a high of 2.01 as of March 31, 2021. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong liquidity position.

Fortinet Inc's current ratio has generally remained above 1, indicating that the company has adequate short-term liquidity to meet its obligations. However, the ratio has experienced some variability, potentially reflecting changes in the company's working capital management or business operations.

It is important to note that while a current ratio above 1 is generally considered favorable, a very high ratio may indicate inefficient use of assets, while a low ratio may suggest liquidity concerns. Thus, it is essential to consider other financial metrics and factors in conjunction with the current ratio to gain a comprehensive understanding of Fortinet Inc's financial health.