Fortinet (FTNT) Debt Ratio (2021 - 2026)
Fortinet (FTNT) posted quarterly Debt Ratio of 0.05 for Q2 2026, down 51.08% year-over-year from 0.09 in Q2 2025, and down 8.97% quarter-over-quarter from 0.05 in Q1 2026.
Fortinet (FTNT) Debt Ratio (2021 - 2026) Analysis & Trends
Fortinet's Debt Ratio history runs 6 years deep, the most recent figure standing at 0.05 for Q2 2026.
- In Q2 2026, Debt Ratio fell 51.08% year-over-year to 0.05; the TTM figure through Jun 2026 stood at 0.05 (down 51.08% YoY), while the FY2025 annual figure was 0.1, down 5.84% from the prior year.
- Debt Ratio for Q2 2026 stood at 0.05, down from 0.05 in the prior quarter.
- The five-year high for Debt Ratio was 0.19 in Q2 2022, with the low at 0.05 in Q2 2026.
- The 5-year median for Debt Ratio is 0.13 (2024), against an average of 0.12.
- The sharpest annual moves came in 2022 and 2026: Debt Ratio gained 10.15% in 2022, then plunged 51.08% in 2026.
- Fortinet's Debt Ratio stood at 0.16 in 2022, then slipped by 14.04% to 0.14 in 2023, then slipped by 25.5% to 0.1 in 2024, then dropped by 5.84% to 0.1 in 2025, then tumbled by 52.28% to 0.05 in 2026.
- Business Quant data shows FTNT's Debt Ratio at 0.05 in Q2 2026, 0.05 in Q1 2026, and 0.1 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 0.05 |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 0.47 |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | - |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 0.00 |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 0.05 |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 0.20 |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 0.21 |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 0.05 |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 0.16 |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 0.23 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.05 |
| Mar 31, 2026 | 0.05 |
| Dec 31, 2025 | 0.10 |
| Sep 30, 2025 | 0.11 |
| Jun 30, 2025 | 0.09 |
| Mar 31, 2025 | 0.10 |
| Dec 31, 2024 | 0.10 |
| Sep 30, 2024 | 0.11 |
| Jun 30, 2024 | 0.12 |
| Mar 31, 2024 | 0.13 |
| Dec 31, 2023 | 0.14 |
| Sep 30, 2023 | 0.13 |
| Jun 30, 2023 | 0.13 |
| Mar 31, 2023 | 0.15 |
| Dec 31, 2022 | 0.16 |
| Sep 30, 2022 | 0.19 |
| Jun 30, 2022 | 0.19 |
| Mar 31, 2022 | 0.17 |
| Dec 31, 2021 | 0.17 |
| Sep 30, 2021 | 0.17 |