Fortinet, Inc. (FTNT) Debt to Equity Ratio: 0.81
Is Fortinet, Inc.’s debt to equity ratio high or low?
Fortinet, Inc.'s debt to equity ratio of 0.81 is 18% above its 5-year average of 0.69, around the middle of its 5-year range (0.00–1.26).
The debt to equity ratio for Fortinet, Inc. (FTNT) is 0.81 as of Wednesday, June 10, 2026. It is above its 12-month average by 9.46% (0.74).
FTNT Debt to Equity Ratio Chart
FTNT Average Debt to Equity Ratio Chart
FTNT Current vs Average Debt to Equity Ratio Chart
FTNT Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.81
DEBT TO EQUITY RATIO AVG TTM
0.74
DEBT TO EQUITY RATIO AVG 3Y
0.74
DEBT TO EQUITY RATIO AVG 5Y
0.69
DEBT TO EQUITY RATIO AVG 10Y
0.30
DEBT TO EQUITY RATIO AVG 15Y
0.20
DEBT TO EQUITY RATIO AVG 20Y
0.15
CURRENT VS TTM AVG
+9.46%
CURRENT VS 3Y AVG
+9.46%
CURRENT VS 5Y AVG
+18.25%
CURRENT VS 10Y AVG
+166.06%
CURRENT VS 15Y AVG
+313.87%
CURRENT VS 20Y AVG
+432.12%
FTNT Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | — | 0.81 | 0.74 | 0.74 | 0.69 |
| Accenture plc (ACN) | $104.93B | 0.26 | 0.21 | 0.17 | 0.18 |
| Cadence Design Systems, Inc. (CDNS) | $105.80B | 0.45 | 0.50 | 0.39 | 0.32 |
| Adobe Inc. (ADBE) | $94.61B | 0.57 | 0.50 | 0.40 | 0.38 |
| ServiceNow, Inc. (NOW) | $109.38B | 0.25 | 0.24 | 0.31 | 0.43 |
| Synopsys, Inc. (SNPS) | $87.82B | 0.50 | 0.29 | 0.20 | 0.18 |
| Snowflake Inc. (SNOW) | $83.15B | 1.42 | 1.16 | 0.61 | 0.42 |
| Datadog, Inc. (DDOG) | $81.03B | 0.41 | 0.55 | 0.53 | 0.60 |
| Intuit Inc. (INTU) | $77.74B | 0.34 | 0.35 | 0.39 | 0.42 |
| Cloudflare, Inc. (NET) | $77.62B | 2.54 | 1.97 | 2.09 | 1.74 |
Financial Health
Debt/Equity
0.81
Current Ratio
1.17
Fortinet, Inc. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Fortinet, Inc. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Fortinet, Inc. (FTNT)?
- The debt to equity ratio for FTNT stock is 0.81.
- Is Fortinet, Inc.'s debt to equity ratio high or low?
- Fortinet, Inc.'s debt to equity ratio of 0.81 is 18% above its 5-year average of 0.69, around the middle of its 5-year range (0.00–1.26).
- What is the TTM average debt to equity ratio for Fortinet, Inc. (FTNT)?
- The TTM average debt to equity ratio for FTNT stock is 0.74.
- What is the 3Y average debt to equity ratio for Fortinet, Inc. (FTNT)?
- The 3Y average debt to equity ratio for FTNT stock is 0.74.
- What is the 5Y average debt to equity ratio for Fortinet, Inc. (FTNT)?
- The 5Y average debt to equity ratio for FTNT stock is 0.69.
- What is the 10Y average debt to equity ratio for Fortinet, Inc. (FTNT)?
- The 10Y average debt to equity ratio for FTNT stock is 0.30.
- What is the 15Y average debt to equity ratio for Fortinet, Inc. (FTNT)?
- The 15Y average debt to equity ratio for FTNT stock is 0.20.
- What is the 20Y average debt to equity ratio for Fortinet, Inc. (FTNT)?
- The 20Y average debt to equity ratio for FTNT stock is 0.15.
Fortinet, Inc. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 0.81 |
| 2024-12-31 | 0.67 |
| 2021-12-31 | 1.26 |
| 2020-12-31 | 0.00 |
| 2019-12-31 | 0.00 |
| 2018-12-31 | 0.00 |
| 2017-12-31 | 0.00 |
| 2016-12-31 | 0.00 |
| 2015-12-31 | 0.00 |
| 2014-12-31 | 0.00 |
| 2013-12-31 | 0.00 |
| 2012-12-31 | 0.00 |
| 2011-12-31 | 0.00 |
| 2010-12-31 | 0.00 |
| 2009-12-31 | 0.00 |
| 2008-12-31 | 0.00 |
| 2007-12-31 | 0.00 |
| 2006-12-31 | 0.00 |
Related Metrics
About Fortinet, Inc.
Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.
- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Ken Xie