Fortinet Historical Balance Sheet

FTNT Stock

USD 98.65 0.20 0.20%

Trend analysis of Fortinet balance sheet accounts such as Other Current Liabilities of 623.3 M or Total Current Liabilities of 4.3 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.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Fortinet latest 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.

Fortinet Inventory

331.27 Million

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.

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

At this time, Fortinet's Accounts Payable is comparatively stable compared to the past year. Cash is likely to gain to about 3 B in 2025, whereas Other Assets are likely to drop 1.09 in 2025.

Common Stock Shares Outstanding Total Assets Other Current Liab Total Current Liabilities

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Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

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. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Fortinet balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Fortinet are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most accounts from Fortinet's 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. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortinet. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.At this time, Fortinet's Accounts Payable is comparatively stable compared to the past year. Cash is likely to gain to about 3 B in 2025, whereas Other Assets are likely to drop 1.09 in 2025.

	2022	2023	2024	2025 (projected)
Other Current Liabilities	452.5M	569M	593.6M	623.3M
Total Assets	6.2B	7.3B	9.8B	10.3B

Other Current Liab Total Assets

Fortinet balance sheet Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		-0.05	-0.12	-0.1	0.46	-0.1	-0.14	-0.1	-0.23	0.28	-0.04	0.02	-0.11	-0.16	0.13	0.05	-0.1	-0.15	0.11	-0.16	-0.13	-0.02	0.19	-0.13	-0.16	0.0
Total Assets	-0.05		0.98	0.99	0.31	0.98	0.99	0.99	-0.73	-0.46	0.91	0.97	0.99	0.96	0.19	0.98	0.98	0.91	0.9	0.98	0.89	0.96	0.76	0.98	0.98	1.0
Other Current Liab	-0.12	0.98		1.0	0.13	0.99	0.99	0.99	-0.63	-0.6	0.94	0.92	0.99	0.96	0.19	0.93	0.99	0.94	0.86	1.0	0.94	0.94	0.75	1.0	0.98	0.97
Total Current Liabilities	-0.1	0.99	1.0		0.17	0.99	1.0	1.0	-0.67	-0.58	0.95	0.94	0.99	0.96	0.21	0.95	1.0	0.93	0.86	0.99	0.94	0.96	0.77	1.0	0.98	0.98
Total Stockholder Equity	0.46	0.31	0.13	0.17		0.16	0.19	0.2	-0.72	0.67	0.02	0.45	0.25	0.13	-0.12	0.46	0.13	0.07	0.42	0.1	-0.06	0.3	0.21	0.13	0.23	0.34
Other Liab	-0.1	0.98	0.99	0.99	0.16		0.99	0.99	-0.66	-0.59	0.97	0.93	0.98	0.98	0.31	0.95	0.99	0.91	0.87	0.99	0.91	0.95	0.79	0.99	0.96	0.98
Property Plant And Equipment Net	-0.14	0.99	0.99	1.0	0.19	0.99		1.0	-0.67	-0.54	0.92	0.94	0.99	0.95	0.16	0.95	0.99	0.94	0.86	0.99	0.92	0.96	0.73	1.0	0.99	0.98
Current Deferred Revenue	-0.1	0.99	0.99	1.0	0.2	0.99	1.0		-0.69	-0.55	0.94	0.95	0.99	0.96	0.19	0.96	0.99	0.94	0.87	0.99	0.93	0.96	0.76	1.0	0.99	0.99
Net Debt	-0.23	-0.73	-0.63	-0.67	-0.72	-0.66	-0.67	-0.69		-0.06	-0.58	-0.87	-0.67	-0.59	-0.06	-0.82	-0.66	-0.6	-0.63	-0.59	-0.47	-0.74	-0.62	-0.63	-0.69	-0.77
Retained Earnings	0.28	-0.46	-0.6	-0.58	0.67	-0.59	-0.54	-0.55	-0.06		-0.71	-0.31	-0.48	-0.59	-0.39	-0.32	-0.62	-0.56	-0.31	-0.62	-0.73	-0.45	-0.52	-0.6	-0.48	-0.44
Accounts Payable	-0.04	0.91	0.94	0.95	0.02	0.97	0.92	0.94	-0.58	-0.71		0.85	0.91	0.95	0.46	0.86	0.96	0.87	0.78	0.94	0.9	0.89	0.83	0.95	0.87	0.91
Cash	0.02	0.97	0.92	0.94	0.45	0.93	0.94	0.95	-0.87	-0.31	0.85		0.95	0.89	0.17	0.99	0.93	0.87	0.84	0.91	0.79	0.93	0.73	0.92	0.94	0.98
Non Current Assets Total	-0.11	0.99	0.99	0.99	0.25	0.98	0.99	0.99	-0.67	-0.48	0.91	0.95		0.96	0.17	0.96	0.97	0.92	0.89	0.98	0.89	0.95	0.72	0.99	0.98	0.98
Non Currrent Assets Other	-0.16	0.96	0.96	0.96	0.13	0.98	0.95	0.96	-0.59	-0.59	0.95	0.89	0.96		0.41	0.92	0.96	0.85	0.87	0.97	0.86	0.9	0.77	0.97	0.92	0.95
Other Assets	0.13	0.19	0.19	0.21	-0.12	0.31	0.16	0.19	-0.06	-0.39	0.46	0.17	0.17	0.41		0.2	0.24	0.03	0.23	0.23	0.1	0.14	0.47	0.22	0.03	0.2
Cash And Short Term Investments	0.05	0.98	0.93	0.95	0.46	0.95	0.95	0.96	-0.82	-0.32	0.86	0.99	0.96	0.92	0.2		0.93	0.84	0.92	0.92	0.81	0.94	0.77	0.94	0.94	0.99
Net Receivables	-0.1	0.98	0.99	1.0	0.13	0.99	0.99	0.99	-0.66	-0.62	0.96	0.93	0.97	0.96	0.24	0.93		0.94	0.84	0.99	0.94	0.95	0.78	0.99	0.97	0.97
Common Stock Total Equity	-0.15	0.91	0.94	0.93	0.07	0.91	0.94	0.94	-0.6	-0.56	0.87	0.87	0.92	0.85	0.03	0.84	0.94		0.68	0.93	0.9	0.88	0.61	0.93	0.95	0.89
Short Term Investments	0.11	0.9	0.86	0.86	0.42	0.87	0.86	0.87	-0.63	-0.31	0.78	0.84	0.89	0.87	0.23	0.92	0.84	0.68		0.85	0.77	0.87	0.78	0.86	0.84	0.91
Non Current Liabilities Total	-0.16	0.98	1.0	0.99	0.1	0.99	0.99	0.99	-0.59	-0.62	0.94	0.91	0.98	0.97	0.23	0.92	0.99	0.93	0.85		0.93	0.93	0.74	1.0	0.97	0.96
Inventory	-0.13	0.89	0.94	0.94	-0.06	0.91	0.92	0.93	-0.47	-0.73	0.9	0.79	0.89	0.86	0.1	0.81	0.94	0.9	0.77	0.93		0.88	0.73	0.94	0.91	0.88
Other Current Assets	-0.02	0.96	0.94	0.96	0.3	0.95	0.96	0.96	-0.74	-0.45	0.89	0.93	0.95	0.9	0.14	0.94	0.95	0.88	0.87	0.93	0.88		0.75	0.95	0.95	0.96
Other Stockholder Equity	0.19	0.76	0.75	0.77	0.21	0.79	0.73	0.76	-0.62	-0.52	0.83	0.73	0.72	0.77	0.47	0.77	0.78	0.61	0.78	0.74	0.73	0.75		0.76	0.68	0.79
Total Liab	-0.13	0.98	1.0	1.0	0.13	0.99	1.0	1.0	-0.63	-0.6	0.95	0.92	0.99	0.97	0.22	0.94	0.99	0.93	0.86	1.0	0.94	0.95	0.76		0.98	0.98
Property Plant And Equipment Gross	-0.16	0.98	0.98	0.98	0.23	0.96	0.99	0.99	-0.69	-0.48	0.87	0.94	0.98	0.92	0.03	0.94	0.97	0.95	0.84	0.97	0.91	0.95	0.68	0.98		0.97
Total Current Assets	0.0	1.0	0.97	0.98	0.34	0.98	0.98	0.99	-0.77	-0.44	0.91	0.98	0.98	0.95	0.2	0.99	0.97	0.89	0.91	0.96	0.88	0.96	0.79	0.98	0.97

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Fortinet Account Relationship Matchups

Fortinet balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	838.5M	835.5M	805.3M	788.2M	771.9M	857.9M
Total Assets	4.0B	5.9B	6.2B	7.3B	9.8B	10.3B
Other Current Liab	204.8M	366M	452.5M	569M	593.6M	623.3M
Total Current Liabilities	1.8B	2.3B	3.1B	3.7B	4.1B	4.3B
Total Stockholder Equity	856M	781.7M	(281.6M)	(463.4M)	1.5B	1.6B
Other Liab	1.1B	1.4B	1.8B	2.4B	2.7B	2.9B
Property Plant And Equipment Net	448M	687.6M	898.5M	1.1B	1.3B	1.4B
Current Deferred Revenue	1.4B	1.8B	2.3B	2.8B	3.3B	3.4B
Net Debt	(1.0B)	(330.7M)	(692.5M)	(326.5M)	(1.9B)	(1.8B)
Retained Earnings	(352.1M)	(467.9M)	(1.5B)	(1.9B)	(117.1M)	(123.0M)
Accounts Payable	141.6M	148.4M	243.4M	204.3M	190.9M	200.4M
Cash	1.1B	1.3B	1.7B	1.4B	2.9B	3.0B
Non Current Assets Total	1.3B	2.3B	2.4B	2.8B	3.8B	4.0B
Non Currrent Assets Other	368M	659.1M	720.2M	637.4M	756.1M	793.9M
Other Assets	732M	1.0B	1.2B	1.0	1.15	1.09
Cash And Short Term Investments	1.8B	2.6B	2.2B	2.4B	4.1B	4.3B
Net Receivables	720M	807.7M	1.3B	1.4B	1.5B	1.5B
Short Term Investments	775.5M	1.2B	528.1M	1.0B	1.2B	1.3B
Liabilities And Stockholders Equity	4.0B	5.9B	6.2B	7.3B	9.8B	10.3B
Non Current Liabilities Total	1.4B	2.8B	3.4B	4.0B	4.2B	4.4B
Inventory	139.8M	175.8M	264.6M	484.8M	315.5M	331.3M
Other Current Assets	86.6M	65.4M	73.1M	101.1M	126.1M	132.4M
Other Stockholder Equity	1.2B	1.3B	1.3B	1.4B	1.6B	835.1M
Total Liab	3.2B	5.1B	6.5B	7.7B	8.3B	8.7B
Property Plant And Equipment Gross	448M	687.6M	898.5M	1.4B	1.8B	1.9B
Total Current Assets	2.7B	3.6B	3.8B	4.4B	6.0B	6.3B
Accumulated Other Comprehensive Income	700K	(4.8M)	(20.2M)	(18.9M)	(26.1M)	(24.8M)
Short Term Debt	19.1M	26.3M	33.2M	33.4M	38.4M	20.5M
Property Plant Equipment	344.3M	448M	687.6M	898.5M	1.0B	1.1B
Intangible Assets	31.6M	63.6M	56M	35.3M	115M	120.8M
Net Tangible Assets	1.2B	731.4M	593M	(281.6M)	(253.4M)	(240.8M)
Retained Earnings Total Equity	140.3M	(352.1M)	(467.9M)	(1.5B)	(1.4B)	(1.3B)
Capital Surpluse	1.2B	1.2B	1.3B	1.3B	1.5B	973.4M
Deferred Long Term Liab	962.3M	1.2B	423.3M	2.3B	2.6B	2.8B
Long Term Investments	67M	144.3M	118.3M	440.8M	45.5M	0.0
Non Current Liabilities Other	146.5M	59.2M	82M	124.7M	129.6M	96.2M

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Fortinet Historical Balance Sheet

Fortinet Inventory

331.27 Million

About Fortinet Balance Sheet Analysis

Fortinet Balance Sheet Chart

Common Stock Shares Outstanding

Total Assets

Total Current Liabilities

Fortinet balance sheet Correlations

Fortinet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortinet balance sheet Accounts

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Total Current Assets	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Non Current Liabilities Total	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Other Current Liab
Property Plant And Equipment Net	+ 1.0	Total Current Liabilities
Current Deferred Revenue	+ 1.0	Total Current Liabilities

Cash	- 0.87	Net Debt
Cash And Short Term Investments	- 0.82	Net Debt
Total Current Assets	- 0.77	Net Debt
Other Current Assets	- 0.74	Net Debt
Inventory	- 0.73	Retained Earnings
Net Debt	- 0.73	Total Assets