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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 - 2025)

Fortinet (FTNT) has 5 years of Debt to Equity data on record, last reported at $0.81 in Q4 2025.

  • For Q4 2025, Debt to Equity rose 20.95% year-over-year to $0.81; the TTM value through Dec 2025 reached $0.81, up 20.95%, while the annual FY2025 figure was $0.81, 20.95% up from the prior year.
  • Debt to Equity reached $0.81 in Q4 2025 per FTNT's latest filing, down from $1.35 in the prior quarter.
  • Across five years, Debt to Equity topped out at $86.92 in Q1 2023 and bottomed at -$7.22 in Q1 2024.
  • Average Debt to Equity over 5 years is $5.15, with a median of $0.91 recorded in 2021.
  • Peak YoY movement for Debt to Equity: tumbled 378.15% in 2022, then soared 1949.75% in 2023.
  • A 5-year view of Debt to Equity shows it stood at $1.26 in 2021, then tumbled by 378.15% to -$3.52 in 2022, then surged by 39.12% to -$2.14 in 2023, then soared by 131.08% to $0.67 in 2024, then increased by 20.95% to $0.81 in 2025.
  • Per Business Quant database, its latest 3 readings for Debt to Equity were $0.81 in Q4 2025, $1.35 in Q3 2025, and $0.48 in Q2 2025.