As of June 6, 2025, Fortinet Inc (FTNT) reports a Current Ratio of 1.47.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Fortinet Inc's Current Ratio
Over recent years, Fortinet Inc's Current Ratio has shown a moderate pattern. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 1.47 |
| 2023-12-31 | 1.19 |
| 2022-12-31 | 1.24 |
| 2021-12-31 | 1.55 |
| 2020-12-31 | 1.50 |
This slight downward trend highlights how Fortinet Inc manages its short-term assets and liabilities over time.
Comparing Fortinet Inc's Current Ratio to Peers
To better understand Fortinet Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Fortinet Inc (FTNT) | 1.47 |
| Telos Corp (TLS) | 4.13 |
| Ping Identity Holding Corp (PING) | 3.30 |
| Quorum Information Technologies Inc (QIS.V) | 1.90 |
| CrowdStrike Holdings Inc (CRWD) | 1.77 |
| Xperi Inc (XPER) | 1.64 |
Compared to its competitors, Fortinet Inc's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.