Analysis of Debt
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2009
- Return on Equity (ROE) since 2009
- Current Ratio since 2009
- Price to Book Value (P/BV) since 2009
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Total Debt (Carrying Amount)
Fortinet Inc., balance sheet: debt
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Long-term debt | ||||||
| Total long-term debt (carrying amount) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
The data presents information on the long-term debt of the company over a five-year period from 2018 to 2022, with figures reported in thousands of US dollars. Notably, there are no recorded values for long-term debt or total long-term debt (carrying amount) for the years 2018 through 2020.
Beginning in 2021, the company reported a long-term debt amounting to $988,400 thousand. This figure shows a slight increase in 2022 to $990,400 thousand. The data indicates the company initiated or began reporting long-term debt starting from 2021, maintaining a relatively stable level into the following year with only a marginal increase.
Given the absence of debt values in the initial years, it is evident that the company either did not have long-term debt or did not disclose such liabilities prior to 2021. The consistency in the reported long-term debt values over the two most recent years suggests a period of financial stability regarding this aspect of the company's capital structure.
Total Debt (Fair Value)
| Dec 31, 2022 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Total long-term debt (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2022-12-31).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2022-12-31).
1 US$ in thousands
2 Weighted-average interest rate = 100 × ÷ =