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Fortinet (FTNT) Debt Ratio: 2021-2025

Historic Debt Ratio for Fortinet (FTNT) over the last 5 years, with Sep 2025 value amounting to 0.11.

  • Fortinet's Debt Ratio fell 5.24% to 0.11 in Q3 2025 from the same period last year, while for Sep 2025 it was 0.11, marking a year-over-year decrease of 5.24%. This contributed to the annual value of 0.10 for FY2024, which is 25.50% down from last year.
  • Per Fortinet's latest filing, its Debt Ratio stood at 0.11 for Q3 2025, which was up 13.74% from 0.09 recorded in Q2 2025.
  • In the past 5 years, Fortinet's Debt Ratio registered a high of 0.19 during Q2 2022, and its lowest value of 0.09 during Q2 2025.
  • Moreover, its 3-year median value for Debt Ratio was 0.12 (2024), whereas its average is 0.12.
  • Per our database at Business Quant, Fortinet's Debt Ratio climbed by 10.15% in 2022 and then fell by 29.14% in 2023.
  • Over the past 5 years, Fortinet's Debt Ratio (Quarterly) stood at 0.17 in 2021, then decreased by 4.77% to 0.16 in 2022, then decreased by 14.04% to 0.14 in 2023, then declined by 25.50% to 0.10 in 2024, then fell by 5.24% to 0.11 in 2025.
  • Its last three reported values are 0.11 in Q3 2025, 0.09 for Q2 2025, and 0.10 during Q1 2025.