Fortinet Inc (FTNT)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,493,800 | -463,400 | -281,600 | 781,700 | 856,000 |
| Debt-to-capital ratio | 0.00 | — | — | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,493,800K)
= 0.00
The debt-to-capital ratio for Fortinet Inc has been consistently low, standing at 0.00% as of December 31, 2020, December 31, 2021, and December 31, 2024. However, for December 31, 2022, and December 31, 2023, the data indicates a dash symbol, which may suggest missing data or insufficient information for those periods. A debt-to-capital ratio of 0.00% typically indicates that the company's debt levels are either very low or non-existent in relation to its total capital, reflecting a strong financial position with minimal reliance on debt financing. Nevertheless, the missing data for the subsequent years should be further investigated to gain a comprehensive understanding of the company's leverage over time.
Peer comparison
Dec 31, 2024