Debt-to-Equity Ratio

The Debt-to-Equity Ratio of 0.50x means the company uses 50 cents of debt for every dollar of shareholders’ equity, indicating a conservative capital structure with lower financial risk compared to a higher ratio.

This ratio sits well below the sector median of 0.72x, placing FTNT in the 37th percentile among its peers — meaning it carries less debt than a majority of the sector. There is no trend information available, as the year-over-year change, quarter-over-quarter change, and historical data are all reported as N/A, so investors cannot assess whether leverage is increasing or decreasing. Because the current level is low and no trend data exists, the risk profile appears stable but offers no insight into directional changes that could signal future shifts. This metric supports the overall CAUTIOUS verdict: the low leverage suggests financial safety, but the lack of trend data leaves uncertainty about management’s borrowing strategy or potential changes in capital structure.

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