Fortinet Balance Sheet - Annual (NASDAQ:FTNT)

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$53.35 $0.65 (1.2%) FTNT stock closing price Mar 19, 2018 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Fortinet stock analysis. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Fortinet stock analysis. Annual results announcements include the release of all three financial statements, of which the balance sheet is one. The balance sheet shows total liabilities of $1.3B and shareholders equity of $837.68M. Fortinet revenue and Fortinet operating cash flow are important in understanding the financial capacity of the company.

View latest 10 year balance sheet data to check Fortinet financial performance.
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Fiscal year is Jan - Dec201620152014201320122011201020092008
Marketable Securities376.52M348.07M436.76M375.49M290.71M318.28M246.65M47.85M-
Raw Materials18.92M15.42M10.61M8.57M4.95M3.44M2.59M1.9M-
Work In Progress---------
Finished Goods87.96M68.44M58.86M40.09M16.1M12.8M10.92M8.74M-
Notes Receivable---------
Other Current Assets33.3M35.76M72.62M65.03M26.87M21.52M20.79M16.7M-
Total Current Assets
Property Plant & Equipment207.72M140.12M114.35M78.45M56.85M31.81M25.8M22.6M-
Accumulated Depreciation70.47M49.05M55.43M41.79M31.22M23.85M18.74M16.21M-
Net Property Plant & Equipment
Investment & Advances224.98M272.95M271.72M351.67M325.89M148.41M73.95M--
Other Non-Current Assets---------
Deferred Charges182.74M119.21M31.08M30.05M48.52M49.89M42.98M37.41M-
Deposits & Other Assets16.86M14.39M10.53M4.82M6.16M4.89M1.27M1.19M-
Total Assets
Notes Payable---------
Accounts Payable56.73M61.5M49.94M35.59M20.81M19.76M12.76M10.98M-
Current Portion Long-Term Debt---------
Current Portion Capital Leases---------
Accrued Expenses113.77M94.13M74.89M62.37M51.22M40.16M35.97M29.04M-
Income Taxes Payable13.58M8.37M2.68M21.42M-----
Other Current Liabilities645.34M514.65M368.92M293.66M247.26M206.92M169.64M140.53M-
Total Current Liabilities
Deferred Taxes/Income458.55M337.27M234.96M169.17M115.91M87.9M82.98M61.39M-
Convertible Debt---------
Long-Term Debt---------
Non-Current Capital Leases---------
Other Long-Term Liabilities14.26M19.18M17.38M-29.34M21.62M11.6M2.8M-
Total Liabilities
Minority Interest---------
Preferred Stock---------
Common Stock Net---------
Capital Surplus800.65M687.65M562.5M462.64M400.07M317.02M251.92M204.26M-
Retained Earnings37.62M68.48M113.64M121.86M110.6M43.76M-18.72M-59.97M-
Treasury Stock----2.99M2.99M2.99M2.99M-
Other Liabilities-0.76M-0.93M-0.34M1.09M3.09M-2.18M1.08M-
Shareholders Equity837.68M755.37M675.96M585.76M510.93M358.35M232.45M142.45M-
Total Liabilities & Shareholders Equity2.14B1.79B1.42B1.17B975.49M734.74M545.42M387.21M-
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Fortinet stock price, and Fortinet historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Fortinet PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: An asset is a resource that a corporation like Fortinet owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for FTNT stock as of 2016 is $2.14B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities include short term loans and long term loans availed by the company to fund its business operations. FTNT stock had total liabilities of $1.3B for the year 2016.

Fortinet Balance Sheet - Key Ratios

Current ratio
Debt to equity ratio
Asset turnover ratio
Receivables turnover
Price to book ratio