Fortinet Inc (FTNT)
Debt-to-equity 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-equity ratio | 0.00 | — | — | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,493,800K
= 0.00
Fortinet Inc's debt-to-equity ratio reflects a consistent trend of 0.00 over the years 2020, 2021, and 2024. The ratio indicates that the company has not utilized debt as a source of financing relative to its equity during these periods. However, for the years 2022 and 2023, the data is unavailable ("—"), and thus, a comprehensive assessment for those years cannot be made. The consistent 0.00 ratio suggests that Fortinet Inc may have been relying more on equity financing to support its operations and expansion rather than taking on debt. This could signify a strong financial position, as a lower debt-to-equity ratio typically implies lower financial risk and greater financial stability.
Peer comparison
Dec 31, 2024