Fortinet Balance Sheet - Quarterly (NASDAQ:FTNT)

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$63.93 $0.81 (1.25%) FTNT stock closing price Jun 22, 2018 (Closing)

The financial analysis of a company like Fortinet involves checking the three financial statements of the company in detail, of which the balance sheet is one. Financial strength can be guaged by performing Fortinet stock analysis and by analyzing the balance sheet. A company releases its balance sheet every quarter along with its quarterly results. Apart from analyzing Fortinet revenue Fortinet operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Fortinet balance sheet for 2018 Q1 shows cash on hand of $835.6M. The company has a debt to equity ratio of 0.

View and download Fortinet quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash835.6M811M905.79M853.13M823.24M709M647.51M596.38M568M543.27M
Marketable Securities468.3M440.27M369.96M354.18M375.42M376.52M382.9M388.38M384.59M348.07M
Receivables313.1M348.18M257.99M274.47M270.11M312.99M238.98M254.37M220.13M259.56M
Inventory80M77.29M73.59M86.43M104.97M106.88M93.73M81.24M78.23M83.86M
Raw Materials12M13.04M13.73M13.26M16.54M18.92M19.69M17.04M15.27M15.42M
Work In Progress----------
Finished Goods68M64.24M59.86M73.17M88.43M87.96M74.04M64.2M62.96M68.44M
Notes Receivable----------
Other Current Assets38.8M40.06M43.3M36.39M42.32M33.3M31.73M33.49M34.72M35.76M
Total Current Assets
1.74B1.72B1.65B1.6B1.62B1.54B1.39B1.35B1.29B1.27B
Property Plant & Equipment346.7M340.55M327.87M320.35M231.21M207.72M189.97M184.64M170.4M140.12M
Accumulated Depreciation101.6M95.15M87.98M81.83M75.74M70.47M63.86M59M54.62M49.05M
Net Property Plant & Equipment
245.1M245.39M239.89M238.51M155.47M137.24M126.1M125.63M115.78M91.06M
Investment & Advances82.5M98.02M247.87M257.62M242.33M224.98M240.22M237.22M241.88M272.95M
Other Non-Current Assets----------
Deferred Charges287.4M146.93M204.72M207.02M199.18M182.74M189.43M180.78M131.69M119.21M
Intangibles29.1M30.8M32.84M34.88M37.08M39.38M42.4M45.72M21.14M22.33M
Deposits & Other Assets20.8M19.93M19.29M18.01M17.21M16.86M17.11M16.93M15.3M14.39M
Total Assets
2.4B2.26B2.4B2.36B2.27B2.14B2.01B1.96B1.81B1.79B
Notes Payable----------
Accounts Payable55.7M70M44.54M42.17M48.68M56.73M57.53M56.92M47.95M61.5M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses137.9M141.95M115.92M121.49M116.65M113.77M102.89M103.68M91.7M94.13M
Income Taxes Payable19M21.43M15.86M15.18M14.12M13.58M7.79M8.16M9.23M8.37M
Other Current Liabilities817.1M793.82M734.31M706.67M677.11M645.34M582.14M563.19M538.44M514.65M
Total Current Liabilities
1.03B1.03B910.63M885.51M856.58M829.44M750.36M731.96M687.34M678.67M
Mortgages----------
Deferred Taxes/Income664.1M632.7M572.63M536.51M493.93M458.55M420.64M407.09M363.9M337.27M
Convertible Debt----------
Long-Term Debt----------
Non-Current Capital Leases----------
Other Long-Term Liabilities13.4M8.6M9.77M16.51M18.61M14.26M16.06M16.49M17.87M19.18M
Total Liabilities
1.71B1.67B1.49B1.44B1.37B1.3B1.19B1.16B1.07B1.04B
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus957.9M909.63M912.05M880.14M850.22M800.65M779.66M744.92M718.84M687.65M
Retained Earnings-262.6M-319.58M-9.58M42.34M48.33M37.62M43.09M58.8M23.08M68.48M
Treasury Stock----------
Other Liabilities-2M-0.84M-0.41M-0.52M-0.48M-0.76M----0.93M
Shareholders Equity693.5M589.37M902.22M922.13M898.24M837.68M823.08M804.62M742.4M755.37M
Total Liabilities & Shareholders Equity2.4B2.26B2.4B2.36B2.27B2.14B2.01B1.96B1.81B1.79B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Fortinet stock price by looking at Fortinet historical stock prices. One can compare PE with industry average by looking at the Fortinet PE ratio chart. The common balance sheet items are:

  • 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 2018 Q1 is $2.4B. 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 or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Fortinet is $1.71B. Shareholders equity comes under liabilities as it is money the company owes the holders of FTNT stock.

Fortinet Balance Sheet - Key Ratios

Current ratio
1.69
Debt to equity ratio
0
Asset turnover ratio
0.69
Receivables turnover
5.31
Price to book ratio
13.38