Fortinet (FTNT) Interest Coverage Ratio (2021 - 2026)
Fortinet (FTNT) posted quarterly Interest Coverage Ratio of 9.17 for Q2 2026, down 79.19% year-over-year from 44.04 in Q2 2025, and up 18.37% quarter-over-quarter from 7.74 in Q1 2026.
Analysis
Fortinet (FTNT) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Fortinet's Interest Coverage Ratio history runs 17 years deep, the most recent figure standing at 9.17 for Q2 2026.
- In Q2 2026, Interest Coverage Ratio fell 79.19% year-over-year to 9.17; the TTM figure through Jun 2026 stood at 32.48 (down 82.74% YoY), while the FY2025 annual figure was 8.63, up 136.17% from the prior year.
- Interest Coverage Ratio for Q2 2026 stood at 9.17, up from 7.74 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 142.18 in Q4 2025, with the low at 7.74 in Q1 2026.
- The 5-year median for Interest Coverage Ratio is 54.18 (2023), against an average of 57.15.
- The sharpest annual moves came in 2023 and 2026: Interest Coverage Ratio soared 189.8% in 2023, then sank 83.79% in 2026.
- Fortinet's Interest Coverage Ratio stood at 79.51 in 2022, then slumped by 35.37% to 51.39 in 2023, then surged by 128.0% to 117.16 in 2024, then gained by 21.35% to 142.18 in 2025, then slumped by 93.55% to 9.17 in 2026.
- Business Quant data shows FTNT's Interest Coverage Ratio at 9.17 in Q2 2026, 7.74 in Q1 2026, and 142.18 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,713.76 Bn | 3,581.01 Bn | 60.48 Bn | 48.39 |
| 2 | Oracle | 450.04 Bn | 418.14 Bn | - | 4.26 |
| 3 | Palantir Technologies | 418.31 Bn | 408.90 Bn | 1.64 Bn | - |
| 4 | Palo Alto Networks | 267.65 Bn | 264.54 Bn | 2.03 Bn | - |
| 5 | CrowdStrike Holdings | 216.60 Bn | 211.59 Bn | 1.10 Bn | -5.50 |
| 6 | Fortinet | 114.71 Bn | 110.64 Bn | 1.64 Bn | 215.41 |
| 7 | Cloudflare | 99.23 Bn | 95.07 Bn | 499.52 Mn | -66.59 |
| 8 | Synopsys | 75.15 Bn | 71.55 Bn | 1.80 Bn | 2.68 |
| 9 | Block | 49.78 Bn | 43.36 Bn | 3.17 Bn | - |
| 10 | CoreWeave | 48.53 Bn | 42.99 Bn | 1.70 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 215.41 |
| Mar 31, 2026 | 138.10 |
| Dec 31, 2025 | 142.18 |
| Sep 30, 2025 | 88.27 |
| Jun 30, 2025 | 99.57 |
| Mar 31, 2025 | 92.61 |
| Dec 31, 2024 | 117.16 |
| Sep 30, 2024 | 94.18 |
| Jun 30, 2024 | 87.44 |
| Mar 31, 2024 | 62.98 |
| Dec 31, 2023 | 71.37 |
| Sep 30, 2023 | 56.15 |
| Jun 30, 2023 | 53.65 |
| Mar 31, 2023 | 54.70 |
| Dec 31, 2022 | 79.51 |
| Sep 30, 2022 | 59.00 |
| Jun 30, 2022 | 43.40 |
| Mar 31, 2022 | 33.56 |
| Dec 31, 2021 | 47.76 |
| Sep 30, 2021 | 36.17 |