Fortinet
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Fortinet's balance sheet done over the years? Its assets were worth $7,258,900,000 last year, which is more than in the previous period. 106% of Fortinet’s total assets is currently financed by debt. Its liabilities reached the amount of $7,722,300,000, which means an increase by 19% compared compared to last year.
Debt to Assets
| 2014 | 1424774000 | 496.45M | 34.84% |
|---|---|---|---|
| 2015 | 1790510000 | 1.03B | 57.81% |
| 2016 | 2139940999 | 1.30B | 60.85% |
| 2017 | 2257916000 | 1.66B | 73.9% |
| 2018 | 3078000000 | 1.25B | 40.82% |
| 2019 | 3879200000 | 2.53B | 65.39% |
| 2020 | 4044500000 | 3.18B | 78.84% |
| 2021 | 5919100000 | 5.12B | 86.51% |
| 2022 | 6228000000 | 6.50B | 104.52% |
| 2023 | 7258900000 | 7.72B | 106.38% |
0IR9.L Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 1.39B | 1.68B | 1.31B | 1.06B | 1.22B | 1.11B | 811.00M | 709.00M | 543.27M | 283.25M |
Short term investments | 1.04B | 528.1M | 1.23B | 775.5M | 843.1M | 537.2M | 440.27M | 376.52M | 348.07M | 436.76M |
Net receivables | 1.40B | 1.26B | 807.7M | 720M | 544.3M | 444.5M | 348.18M | 312.99M | 259.56M | 184.74M |
Inventory | 484.8M | 264.6M | 175.8M | 139.8M | 117.9M | 90M | 77.29M | 106.88M | 83.86M | 69.47M |
Other current assets | 101.1M | 73.1M | 65.4M | 43.3M | 41.2M | 36.79M | 40.06M | 33.30M | 35.76M | 72.62M |
Total current assets | 4.42B | 3.81B | 3.60B | 2.74B | 2.76B | 2.22B | 1.71B | 1.53B | 1.27B | 1.00B |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 1.12B | 994.8M | 752.7M | 497.3M | 388.6M | 271.4M | 245.39M | 137.24M | 91.06M | 58.91M |
Goodwill | 126.5M | 128M | 125.1M | 93M | 67.2M | 38.2M | 14.55M | 14.55M | 4.69M | 2.82M |
Intangible assets | 35.3M | 56M | 63.6M | 31.6M | 31.1M | 22.1M | 16.3M | 24.82M | 22.33M | 2.83M |
Long term investments | 50.7M | 46.5M | 441.8M | 119.3M | 149.6M | 76.1M | 110.12M | 235.28M | 283.25M | 278.12M |
Other non-current assets | 1.49B | 622.9M | 593M | 317.7M | 247.39M | -407.8M | 7.74M | -411.91M | -598.99K | 76.69M |
Total non-current assets | 2.83B | 2.41B | 2.31B | 1.30B | 1.11B | 407.8M | 541.09M | 411.91M | 519.96M | 419.39M |
Total assets | 7.25B | 6.22B | 5.91B | 4.04B | 3.87B | 3.07B | 2.25B | 2.13B | 1.79B | 1.42B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 2.84B | 2.34B | 1.77B | 1.39B | 1.15B | 0 | 793.82M | 0 | 514.65M | 0 |
Short term debt | 33.4M | 33.2M | 26.3M | 19.1M | 15.5M | 0 | 0 | 0 | 0 | 0 |
Total current liabilities | 3.71B | 3.07B | 2.31B | 1.82B | 1.45B | 1.25B | 1.02B | 829.44M | 678.67M | 496.45M |
| Non-current liabilities: | ||||||||||
Long term debt | 1.03B | 990.4M | 988.4M | 34M | 30.6M | 0 | 0 | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 2.96B | 87.3M | 98.2M | 112.5M | 97.1M | 0 | 98.82M | 0 | 356.46M | 0 |
Total non-current liabilities | 4.00B | 3.43B | 2.80B | 1.35B | 1.08B | 0 | 641.31M | 0 | 356.46M | 0 |
Total liabilities | 7.72B | 6.50B | 5.12B | 3.18B | 2.53B | 1.25B | 1.66B | 1.30B | 1.03B | 496.45M |
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