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Fortinet, Inc. (FTNT) Quick Ratio (Acid-Test): 1.09

Is Fortinet, Inc.’s quick ratio (acid-test) high or low?

Fortinet, Inc.'s quick ratio (acid-test) of 1.09 is 14% below its 5-year average of 1.26, near the low end of its 5-year range (1.06–1.48).

As of Monday, June 15, 2026. 12.10% below its 12-month average of 1.24.

FTNT Quick Ratio (Acid-Test) Chart

FTNT Quick Ratio (Acid-Test)
1.09-21.58% 1Y
Zoom

FTNT Average Quick Ratio (Acid-Test) Chart

FTNT Current vs Average Quick Ratio (Acid-Test) Chart

FTNT Quick Ratio (Acid-Test) Metrics

QUICK RATIO (ACID-TEST)

1.09

QUICK RATIO (ACID-TEST) AVG TTM

1.24

QUICK RATIO (ACID-TEST) AVG 3Y

1.17

QUICK RATIO (ACID-TEST) AVG 5Y

1.26

QUICK RATIO (ACID-TEST) AVG 10Y

1.47

QUICK RATIO (ACID-TEST) AVG 15Y

1.58

QUICK RATIO (ACID-TEST) AVG 20Y

N/A

CURRENT VS TTM AVG

-12.10%

CURRENT VS 3Y AVG

-7.04%

CURRENT VS 5Y AVG

-13.83%

CURRENT VS 10Y AVG

-25.94%

CURRENT VS 15Y AVG

-30.85%

CURRENT VS 20Y AVG

N/A

FTNT Competitors' Quick Ratio (Acid-Test)

NAMEMARKET CAPQUICK RATIO (ACID-TEST)TTM3Y5Y
Fortinet, Inc. (FTNT)$109.52B1.091.241.171.26
Cadence Design Systems, Inc. (CDNS)vs ›$108.81B2.672.711.931.85
ServiceNow, Inc. (NOW)vs ›$107.41B0.951.021.051.08
Accenture plc (ACN)vs ›$101.77B1.421.261.261.28
Synopsys, Inc. (SNPS)vs ›$87.00B1.521.911.471.34
Salesforce, Inc. (CRM)vs ›$135.19B0.760.910.981.04
Cloudflare, Inc. (NET)vs ›$83.66B1.982.423.274.64
Snowflake Inc. (SNOW)vs ›$83.45B1.301.521.852.69
Adobe Inc. (ADBE)vs ›$83.41B1.001.041.131.15
Datadog, Inc. (DDOG)vs ›$82.97B3.383.013.073.60

Liquidity Comparison

Quick Ratio

1.09

Excludes inventory

Current Ratio

1.17

Includes inventory

Fortinet, Inc. Quick Ratio (Acid-Test) Formula & Definition

Quick Ratio = (Current Assets − Inventory) / Current Liabilities

The quick ratio is a stricter liquidity measure that excludes inventory, showing the ability to meet short-term obligations with the most liquid assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Fortinet, Inc. Quick Ratio (Acid-Test) FAQ

What is the quick ratio (acid-test) for Fortinet, Inc. (FTNT)?
The quick ratio (acid-test) for FTNT stock is 1.09.
Is Fortinet, Inc.'s quick ratio (acid-test) high or low?
Fortinet, Inc.'s quick ratio (acid-test) of 1.09 is 14% below its 5-year average of 1.26, near the low end of its 5-year range (1.06–1.48).
What is the TTM average quick ratio (acid-test) for Fortinet, Inc. (FTNT)?
The TTM average quick ratio (acid-test) for FTNT stock is 1.24.
What is the 3Y average quick ratio (acid-test) for Fortinet, Inc. (FTNT)?
The 3Y average quick ratio (acid-test) for FTNT stock is 1.17.
What is the 5Y average quick ratio (acid-test) for Fortinet, Inc. (FTNT)?
The 5Y average quick ratio (acid-test) for FTNT stock is 1.26.
What is the 10Y average quick ratio (acid-test) for Fortinet, Inc. (FTNT)?
The 10Y average quick ratio (acid-test) for FTNT stock is 1.47.
What is the 15Y average quick ratio (acid-test) for Fortinet, Inc. (FTNT)?
The 15Y average quick ratio (acid-test) for FTNT stock is 1.58.

Fortinet, Inc. Quick Ratio (Acid-Test) History

DATEQUICK RATIO (ACID-TEST)
2025-12-311.09
2024-12-311.39
2023-12-311.06
2022-12-311.15
2021-12-311.48
2020-12-311.42
2019-12-311.82
2018-12-311.70
2017-12-311.60
2016-12-311.73
2015-12-311.75
2014-12-311.89
2013-12-311.66
2012-12-311.72
2011-12-311.90
2010-12-311.86
2009-12-311.84
2008-12-311.18
2007-12-310.99

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.

Sunnyvale, CA
14,556 employees
Technology / Software - Infrastructure
Sector
Technology
Industry
Software - Infrastructure
CEO
Ken Xie