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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 to Equity (2021 - 2026)

Fortinet's Debt to Equity history spans 6 years, with the latest figure at $0.5 for Q1 2026.

  • Quarterly Debt to Equity fell 0.96% to $0.5 in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $0.5 through Mar 2026, down 0.96% year-over-year, with the annual reading at $0.81 for FY2025, 20.95% up from the prior year.
  • Debt to Equity came in at $0.5 for Q1 2026, down from $0.81 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $86.92 in Q1 2023 to a low of -$7.22 in Q1 2024.
  • The 5-year median for Debt to Equity is $0.67 (2024), against an average of $5.85.
  • Year-over-year, Debt to Equity plummeted 378.15% in 2022 and then surged 1949.75% in 2023.
  • Fortinet's Debt to Equity stood at -$3.52 in 2022, then skyrocketed by 39.12% to -$2.14 in 2023, then surged by 131.08% to $0.67 in 2024, then grew by 20.95% to $0.81 in 2025, then plummeted by 37.65% to $0.5 in 2026.
  • Per Business Quant, the three most recent readings for FTNT's Debt to Equity are $0.5 (Q1 2026), $0.81 (Q4 2025), and $1.35 (Q3 2025).