Fortinet Balance Sheet - Quarterly (NASDAQ:FTNT)

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$85.71 $0.12 (0.14%) FTNT stock closing price Sep 20, 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 Q2 shows cash on hand of $972.1M. 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 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash972.1M835.6M811M905.79M853.13M823.24M709M647.51M596.38M568M
Marketable Securities461.6M468.3M440.27M369.96M354.18M375.42M376.52M382.9M388.38M384.59M
Receivables333.6M313.1M348.18M257.99M274.47M270.11M312.99M238.98M254.37M220.13M
Inventory78.2M80M77.29M73.59M86.43M104.97M106.88M93.73M81.24M78.23M
Raw Materials13.7M12M13.04M13.73M13.26M16.54M18.92M19.69M17.04M15.27M
Work In Progress----------
Finished Goods64.5M68M64.24M59.86M73.17M88.43M87.96M74.04M64.2M62.96M
Notes Receivable----------
Other Current Assets39.3M38.8M40.06M43.3M36.39M42.32M33.3M31.73M33.49M34.72M
Total Current Assets
1.88B1.74B1.72B1.65B1.6B1.62B1.54B1.39B1.35B1.29B
Property Plant & Equipment363.5M346.7M340.55M327.87M320.35M231.21M207.72M189.97M184.64M170.4M
Accumulated Depreciation107.5M101.6M95.15M87.98M81.83M75.74M70.47M63.86M59M54.62M
Net Property Plant & Equipment
256M245.1M245.39M239.89M238.51M155.47M137.24M126.1M125.63M115.78M
Investment & Advances65.3M82.5M98.02M247.87M257.62M242.33M224.98M240.22M237.22M241.88M
Other Non-Current Assets----------
Deferred Charges302.5M287.4M146.93M204.72M207.02M199.18M182.74M189.43M180.78M131.69M
Intangibles46.5M29.1M30.8M32.84M34.88M37.08M39.38M42.4M45.72M21.14M
Deposits & Other Assets20.6M20.8M19.93M19.29M18.01M17.21M16.86M17.11M16.93M15.3M
Total Assets
2.58B2.4B2.26B2.4B2.36B2.27B2.14B2.01B1.96B1.81B
Notes Payable----------
Accounts Payable63.7M55.7M70M44.54M42.17M48.68M56.73M57.53M56.92M47.95M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses150.3M137.9M141.95M115.92M121.49M116.65M113.77M102.89M103.68M91.7M
Income Taxes Payable21.7M19M21.43M15.86M15.18M14.12M13.58M7.79M8.16M9.23M
Other Current Liabilities849.5M817.1M793.82M734.31M706.67M677.11M645.34M582.14M563.19M538.44M
Total Current Liabilities
1.09B1.03B1.03B910.63M885.51M856.58M829.44M750.36M731.96M687.34M
Mortgages----------
Deferred Taxes/Income698.1M664.1M632.7M572.63M536.51M493.93M458.55M420.64M407.09M363.9M
Convertible Debt----------
Long-Term Debt----------
Non-Current Capital Leases----------
Other Long-Term Liabilities12.2M13.4M8.6M9.77M16.51M18.61M14.26M16.06M16.49M17.87M
Total Liabilities
1.8B1.71B1.67B1.49B1.44B1.37B1.3B1.19B1.16B1.07B
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus996.1M957.9M909.63M912.05M880.14M850.22M800.65M779.66M744.92M718.84M
Retained Earnings-214.7M-262.6M-319.58M-9.58M42.34M48.33M37.62M43.09M58.8M23.08M
Treasury Stock----------
Other Liabilities-1.4M-2M-0.84M-0.41M-0.52M-0.48M-0.76M---
Shareholders Equity780.2M693.5M589.37M902.22M922.13M898.24M837.68M823.08M804.62M742.4M
Total Liabilities & Shareholders Equity2.58B2.4B2.26B2.4B2.36B2.27B2.14B2.01B1.96B1.81B
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 Q2 is $2.58B. 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 $1.8B. Shareholders equity comes under liabilities as it is money the company owes the holders of FTNT stock.

Fortinet Balance Sheet - Key Ratios

Current ratio
1.74
Debt to equity ratio
0
Asset turnover ratio
0.71
Receivables turnover
5.34
Price to book ratio
18.61