Fortinet Cash Ratio from 2010 to 2024

FTNT Stock  USD 59.43  0.62  1.05%   
Fortinet Cash Ratio yearly trend continues to be comparatively stable with very little volatility. Cash Ratio is likely to outpace its year average in 2024. From the period from 2010 to 2024, Fortinet Cash Ratio quarterly data regression had r-value of  0.15 and coefficient of variation of  35.22. View All Fundamentals
 
Cash Ratio  
First Reported
2010-12-31
Previous Quarter
0.37588061
Current Value
0.48
Quarterly Volatility
0.20676481
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Fortinet financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fortinet main balance sheet or income statement drivers, such as Depreciation And Amortization of 398.7 M, Interest Expense of 13.6 M or Selling General Administrative of 221.9 M, as well as many exotic indicators such as Price To Sales Ratio of 5.5, Dividend Yield of 0.0 or Days Sales Outstanding of 68.9. Fortinet financial statements analysis is a perfect complement when working with Fortinet Valuation or Volatility modules.
  
This module can also supplement Fortinet's financial leverage analysis and stock options assessment as well as various Fortinet Technical models . Check out the analysis of Fortinet Correlation against competitors.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.

Latest Fortinet's Cash Ratio Growth Pattern

Below is the plot of the Cash Ratio of Fortinet over the last few years. It is Fortinet's Cash Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortinet's overall financial position and show how it may be relating to other accounts over time.
Cash Ratio10 Years Trend
Pretty Stable
   Cash Ratio   
       Timeline  

Fortinet Cash Ratio Regression Statistics

Arithmetic Mean0.59
Geometric Mean0.55
Coefficient Of Variation35.22
Mean Deviation0.16
Median0.57
Standard Deviation0.21
Sample Variance0.04
Range0.6156
R-Value0.15
Mean Square Error0.04
R-Squared0.02
Significance0.59
Slope0.01
Total Sum of Squares0.60

Fortinet Cash Ratio History

2024 0.48
2023 0.38
2022 0.55
2020 0.58
2019 0.83
2018 0.89
2017 0.79

About Fortinet Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Fortinet income statement, its balance sheet, and the statement of cash flows. Fortinet investors use historical funamental indicators, such as Fortinet's Cash Ratio, to determine how well the company is positioned to perform in the future. Although Fortinet investors may use each financial statement separately, they are all related. The changes in Fortinet's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Fortinet's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Fortinet Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Fortinet. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Cash Ratio 0.38  0.48 

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When determining whether Fortinet is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fortinet Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fortinet Stock. Highlighted below are key reports to facilitate an investment decision about Fortinet Stock:
Check out the analysis of Fortinet Correlation against competitors.
For more information on how to buy Fortinet Stock please use our How to Invest in Fortinet guide.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
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Is Fortinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.258
Earnings Share
1.54
Revenue Per Share
6.977
Quarterly Revenue Growth
0.072
Return On Assets
0.1108
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortinet is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.