Fortinet Balance Sheet - Quarterly (NASDAQ:FTNT)

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$53.61 $0.96 (1.76%) FTNT stock closing price Mar 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 2017 Q4 shows cash on hand of $811M. 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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Fiscal year is Jan - Dec2017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Marketable Securities440.27M369.96M354.18M375.42M376.52M382.9M388.38M384.59M348.07M367.44M
Raw Materials-13.73M13.26M16.54M18.92M19.69M17.04M15.27M15.42M13.59M
Work In Progress----------
Finished Goods-59.86M73.17M88.43M87.96M74.04M64.2M62.96M68.44M67.05M
Notes Receivable----------
Other Current Assets40.07M43.3M36.39M42.32M33.3M31.73M33.49M34.72M35.76M88.82M
Total Current Assets
Property Plant & Equipment-327.87M320.35M231.21M207.72M189.97M184.64M170.4M140.12M154.98M
Accumulated Depreciation-87.98M81.83M75.74M70.47M63.86M59M54.62M49.05M71.61M
Net Property Plant & Equipment
Investment & Advances98.02M247.87M257.62M242.33M224.98M240.22M237.22M241.88M272.95M261.5M
Other Non-Current Assets----------
Deferred Charges146.93M204.72M207.02M199.18M182.74M189.43M180.78M131.69M119.21M72M
Deposits & Other Assets19.94M19.29M18.01M17.21M16.86M17.11M16.93M15.3M14.39M15.32M
Total Assets
Notes Payable----------
Accounts Payable70.01M44.54M42.17M48.68M56.73M57.53M56.92M47.95M61.5M48.79M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses141.96M115.92M121.49M116.65M113.77M102.89M103.68M91.7M94.13M77.74M
Income Taxes Payable21.44M15.86M15.18M14.12M13.58M7.79M8.16M9.23M8.37M5.47M
Other Current Liabilities793.82M734.31M706.67M677.11M645.34M582.14M563.19M538.44M514.65M471.11M
Total Current Liabilities
Deferred Taxes/Income632.71M572.63M536.51M493.93M458.55M420.64M407.09M363.9M337.27M292.69M
Convertible Debt----------
Long-Term Debt----------
Non-Current Capital Leases----------
Other Long-Term Liabilities8.61M9.77M16.51M18.61M14.26M16.06M16.49M17.87M19.18M15.95M
Total Liabilities
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus909.64M912.05M880.14M850.22M800.65M779.66M744.92M718.84M687.65M671.13M
Retained Earnings-319.58M-9.58M42.34M48.33M37.62M43.09M58.8M23.08M68.48M124.16M
Treasury Stock----------
Other Liabilities-0.85M-0.41M-0.52M-0.48M-0.76M----0.93M-0.09M
Shareholders Equity589.38M902.22M922.13M898.24M837.68M823.08M804.62M742.4M755.37M795.38M
Total Liabilities & Shareholders Equity2.26B2.4B2.36B2.27B2.14B2.01B1.96B1.81B1.79B1.71B
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 2017 Q4 is $2.26B. 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 $1.67B. Shareholders equity comes under liabilities as it is money the company owes the holders of FTNT stock.

Fortinet Balance Sheet - Key Ratios

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