Debt to EBITDA ratio Analysis of Fortinet Inc - Deep Dive
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PivotPointDebt to EBITDA of FTNT
Dec-230.824Excellent Debt to EBITDA | Dec-221.01Very Good Debt to EBITDA | Growth-18.30% |
Debt to EBITDA Analysis of Fortinet Inc
| Debt to EBITDA Ratio 0.824 of Fortinet Inc shows that the company is financially strong and has enough profit to pay off its debt. |
| Debt to EBITDA Ratio of FTNT has fallen by -18.30 % Compared to previous Financial Year. |
| Debt to EBITDA Ratio with value of 1.41 was highest in Year Dec-21 in last Five Years. |
| Debt to EBITDA Ratio with value of 0.0304 was lowest in Year Dec-20 in last Five Years. |
| Latest Debt to EBITDA Ratio with value of 0.824 is Greater than Average Debt to EBITDA of 0.661 in last five years. |
Other Debt to EBITDA Related Info of FTNT that may interest you.
Fortinet Inc Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| FTNT | 59.32 | 58.0 | 2.28 % | Software-Infrastructure |
Defination of Debt to EBITDA
The Debt to EBITDA Ratio is a solvency metric that measures the company's ability to meet its debt obligations by earnings before covering its interest, taxes, depreciation, and amortization. more ..
Debt to EBITDA Related Ratios
| CashFlowFromOperationToDebt | DebtToCapital | EVToEBITDA |
Tsr Stability Index
| Mild Stability | |
FY - Historical Debt to EBITDA of Fortinet Inc
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| Debt to EBITDA | 0.824 | 1.01 | 1.41 | 0.0304 | 0.0321 | 0.085 | 0.111 |
| Change | -18.30 % | -28.41 % | 4533.93 % | -5.20 % | -62.12 % | -23.79 % | -19.09 % |
FY Chart of Debt to EBITDA of Fortinet Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)