Fortinet Inc (FTNT)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	9,763,100	7,258,900	6,228,000	5,919,100	4,044,500
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,763,100K
= 0.00

The debt-to-assets ratio for Fortinet Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly to finance its operations or investments during this period. With a debt-to-assets ratio of 0.00, Fortinet Inc appears to have a strong financial position with minimal reliance on debt for its asset base. This may suggest that the company is managing its finances prudently and may be less vulnerable to financial risks associated with high debt levels.