Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 4.58% is 65% below its 5-year average of 12.96%, near the low end of its 5-year range (4.58%–18.69%).
As of the fiscal period ended Tuesday, June 30, 2026. 41.61% below its 12-month average of 7.84%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
4.58%
DEBT TO ASSETS RATIO AVG TTM
7.84%
DEBT TO ASSETS RATIO AVG 3Y
10.43%
DEBT TO ASSETS RATIO AVG 5Y
12.96%
DEBT TO ASSETS RATIO AVG 10Y
7.09%
DEBT TO ASSETS RATIO AVG 15Y
4.77%
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-41.61%
CURRENT VS 3Y AVG
-56.14%
CURRENT VS 5Y AVG
-64.68%
CURRENT VS 10Y AVG
-35.47%
CURRENT VS 15Y AVG
-4.00%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
0.18%
median of 194 covered companies
CURRENT VS SECTOR MEDIAN
+2373.43%
vs the sector median at left
Fortinet, Inc.
Market Cap
$115.54B
Debt to Assets Ratio
4.58%
TTM Avg
7.84%
3Y Avg
10.43%
5Y Avg
12.96%
Market Cap
$107.11B
Debt to Assets Ratio
0.08%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$104.82B
Debt to Assets Ratio
0.43%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | $115.54B | 4.58% | 7.84% | 10.43% | 12.96% |
| Snowflake Inc. (SNOW)vs › | $116.28B | 0.32% | N/A | N/A | N/A |
| Accenture plc (ACN)vs › | $109.56B | 0.12% | N/A | N/A | N/A |
| Automatic Data Processing, Inc. (ADP)vs › | $107.11B | 0.08% | N/A | N/A | N/A |
| AppLovin Corporation (APP)vs › | $104.82B | 0.43% | N/A | N/A | N/A |
| Adobe Inc. (ADBE)vs › | $102.26B | 0.24% | N/A | N/A | N/A |
| Cloudflare, Inc. (NET)vs › | $100.95B | 0.55% | N/A | N/A | N/A |
| ServiceNow, Inc. (NOW)vs › | $138.75B | 0.27% | N/A | N/A | N/A |
| Corning Inc (GLW)vs › | $142.98B | 0.28% | N/A | N/A | N/A |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $87.49B | 0.28% | N/A | N/A | N/A |
Debt/Assets
4.6%
Debt/Equity
0.32
Current Ratio
1.28
Interest Coverage
103.6x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 4.58% |
| 2026-03-31 | 5.03% |
| 2025-12-31 | 9.59% |
| 2025-09-30 | 10.64% |
| 2025-06-30 | 9.35% |
| 2025-03-31 | 9.56% |
| 2024-12-31 | 10.18% |
| 2024-09-30 | 11.23% |
| 2024-06-30 | 12.33% |
| 2024-03-31 | 12.96% |
| 2023-12-31 | 13.67% |
| 2023-09-30 | 13.26% |
| 2023-06-30 | 13.24% |
| 2023-03-31 | 14.50% |
| 2022-12-31 | 15.90% |
| 2022-09-30 | 18.55% |
| 2022-06-30 | 18.69% |
| 2022-03-31 | 17.50% |
| 2021-12-31 | 16.70% |
| 2021-09-30 | 16.84% |
| 2021-06-30 | 17.76% |
| 2021-03-31 | 18.69% |
| 2020-12-31 | 0.00% |
| 2020-09-30 | 0.00% |
| 2020-06-30 | 0.00% |
| 2020-03-31 | 0.00% |
| 2019-12-31 | 0.00% |
| 2019-09-30 | 0.00% |
| 2019-06-30 | 0.00% |
| 2019-03-31 | 0.00% |
| 2018-12-31 | 0.00% |
| 2018-09-30 | 0.00% |
| 2018-06-30 | 0.00% |
| 2018-03-31 | 0.00% |
| 2017-12-31 | 0.00% |
| 2017-09-30 | 0.00% |
| 2017-06-30 | 0.00% |
| 2017-03-31 | 0.00% |
| 2016-12-31 | 0.00% |
| 2016-09-30 | 0.00% |
| 2016-06-30 | 0.00% |
| 2016-03-31 | 0.00% |
| 2015-12-31 | 0.00% |
| 2015-09-30 | 0.00% |
| 2015-06-30 | 0.00% |
| 2015-03-31 | 0.00% |
| 2014-12-31 | 0.00% |
| 2014-09-30 | 0.00% |
| 2014-06-30 | 0.00% |
| 2014-03-31 | 0.00% |
| 2013-12-31 | 0.00% |
| 2013-09-30 | 0.00% |
| 2013-06-30 | 0.00% |
| 2013-03-31 | 0.00% |
| 2012-12-31 | 0.00% |
| 2012-09-30 | 0.00% |
| 2012-06-30 | 0.00% |
| 2012-03-31 | 0.00% |
| 2011-12-31 | 0.00% |
| 2011-09-30 | 0.00% |
| 2011-06-30 | 0.00% |
| 2011-03-31 | 0.00% |
| 2010-12-31 | 0.00% |
| 2010-09-30 | 0.00% |
| 2010-06-30 | 0.00% |
| 2010-03-31 | 0.00% |
| 2009-12-31 | 0.00% |
| 2009-09-30 | 0.00% |
| 2009-06-30 | 0.00% |
| 2008-12-31 | 0.00% |
