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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Fortinet (FTNT) Debt Ratio (2021 - 2025)

Fortinet has reported Debt Ratio over the past 5 years, most recently at 0.1 for Q4 2025.

  • Quarterly results put Debt Ratio at 0.1 for Q4 2025, down 5.84% from a year ago — trailing twelve months through Dec 2025 was 0.1 (down 5.84% YoY), and the annual figure for FY2025 was 0.1, down 5.84%.
  • Debt Ratio for Q4 2025 was 0.1 at Fortinet, down from 0.11 in the prior quarter.
  • Over the last five years, Debt Ratio for FTNT hit a ceiling of 0.19 in Q2 2022 and a floor of 0.09 in Q2 2025.
  • Median Debt Ratio over the past 5 years was 0.13 (2023), compared with a mean of 0.14.
  • Biggest five-year swings in Debt Ratio: grew 10.15% in 2022 and later decreased 29.14% in 2023.
  • Fortinet's Debt Ratio stood at 0.17 in 2021, then dropped by 4.77% to 0.16 in 2022, then decreased by 14.04% to 0.14 in 2023, then decreased by 25.5% to 0.1 in 2024, then fell by 5.84% to 0.1 in 2025.
  • The last three reported values for Debt Ratio were 0.1 (Q4 2025), 0.11 (Q3 2025), and 0.09 (Q2 2025) per Business Quant data.