Fortinet (FTNT) Interest Coverage Ratio (2021 - 2026)
Fortinet (FTNT) recorded quarterly Interest Coverage Ratio of 138.1 in Q1 2026, down 2.87% quarter-over-quarter from 142.18 in Q4 2025, and up 49.11% on a YoY basis from 92.61 in Q1 2025.
Fortinet (FTNT) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Fortinet's Interest Coverage Ratio history runs 6 years deep, the most recent figure standing at 138.1 for Q1 2026.
- In Q1 2026, Interest Coverage Ratio rose 49.11% year-over-year to 138.1; the TTM figure through Mar 2026 stood at 113.96 (up 16.55% YoY), while the FY2025 annual figure was 103.72, up 15.02% from the prior year.
- Interest Coverage Ratio was 138.1 for Q1 2026 at Fortinet, down from 142.18 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 142.18 in Q4 2025 to a low of 33.56 in Q1 2022.
- Historically, Interest Coverage Ratio has averaged 80.81 across 5 years, with a median of 79.51 in 2022.
- The sharpest annual moves came in 2022 and 2024: Interest Coverage Ratio slumped 64.13% in 2022, then soared 67.73% in 2024.
- A 5-year view of Interest Coverage Ratio shows it stood at 79.51 in 2022, then retreated by 10.24% to 71.37 in 2023, then surged by 64.16% to 117.16 in 2024, then advanced by 21.35% to 142.18 in 2025, then retreated by 2.87% to 138.1 in 2026.
- The last three Interest Coverage Ratio figures came in at 138.1 (Q1 2026), 142.18 (Q4 2025), and 88.27 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 49.35 |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | - |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 4.63 |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | - |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | - |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 1.83 |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 138.10 |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 1.25 |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -24.19 |
| 10 | CoreWeave | 51.85 Bn | 49.58 Bn | 2.01 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 32.78 |