Fortinet (Fortinet) Interest Expense : $-21 Mil (TTM As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Fortinet Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Fortinet's interest expense for the three months ended in Dec. 2023 was $ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-21 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Fortinet's Operating Income for the three months ended in Dec. 2023 was $ 384 Mil. Fortinet's Interest Expense for the three months ended in Dec. 2023 was $ -5 Mil. Fortinet's Interest Coverage for the quarter that ended in Dec. 2023 was 71.15. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Fortinet Interest Expense Historical Data

The historical data trend for Fortinet's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fortinet Interest Expense Chart

Fortinet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-14.90

-18.00

-21.00

Fortinet Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-4.50	-5.00	-5.20	-5.40	-5.40

Fortinet Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-21 Mil.

Fortinet (NAS:FTNT) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Fortinet's Interest Expense for the three months ended in Dec. 2023 was $-5 Mil. Its Operating Income for the three months ended in Dec. 2023 was $384 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $992 Mil.

Fortinet's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	384.2	/	-5.4
	=	71.15

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Fortinet Inc has enough cash to cover all of its debt. Its financial situation is stable.

Fortinet (Fortinet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fortinet Inc (NAS:FTNT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

FTNT:Mexico FO8:Germany FO8:Germany F1TN34:Brazil

Address

899 Kifer Road, Sunnyvale, CA, USA, 94086

Website

https://www.fortinet.com

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.

Executives

Ken Xie	director, officer: President & CEO	4655 GREAT AMERICA PARKWAY - SUITE 300, SANTA CLARA CA 95054
Patrice Perche	officer: Chief Revenue Off./EVP Supp.	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Michael Xie	director, officer: VP, Engineering & CTO	1090 KIFER ROAD, SUNNYVALE CA 94086
William H. Neukom	director	C/O FORTINET, INC., 1090 KIFER ROAD, SUNNYVALE CA 94086
Keith Jensen	officer: Chief Accounting Officer	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94068
John Whittle	officer: VP & General Counsel	1090 KIFER ROAD, SUNNYVALE CA 94086
James G. Stavridis	director	C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Christopher B Paisley	director	14870 THREE OAKS COURT, SARATOGA CA 95070
Jean X. Hu	director	2485 AUGUSTINE DRIVE, SANTA CLARA CA 95054
Kelly Ducourty	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Cohen Peter Dale Jr.	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Ming Hsieh	director	4399 SANTA ANITA AVE., EL MONTE CA 91731
Judith Sim	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Del Matto Andrew H	officer: Chief Financial Officer	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Gary Locke	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086