Fortinet
4/10
Risk level moved from Low Risk to Medium Risk. Score changed by 3 points as of 2026-05-10. Driver-level breakdown unavailable for this change — likely because the company's reported financial concepts shifted between filings (e.g. a 10-Q omitting a tag the 10-K used) or the scoring methodology was updated. Compare the metrics table below against prior periods on EDGAR for context.
Fortinet has $996M in scheduled debt maturities. Near-term pressure is acute: $500M (50% of all maturities) comes due within 24 months. DebtCanary scores FTNT at 4/10, indicating moderate refinancing pressure.
Maturity Schedule
| Period | Amount Due |
|---|---|
| Year 1 (0-12 months) | $500M |
| Year 2 (12-24 months) | N/A |
| Year 3 (24-36 months) | N/A |
| Year 4 (36-48 months) | N/A |
| Year 5 (48-60 months) | N/A |
| Beyond 5 Years | $497M |
| Total Scheduled Maturities | $996M |
Key Metrics
Score Components
| Component | Value |
|---|---|
| Near-Term Maturity Concentration | 50.2% |
| Interest Coverage Ratio | 103.7x |
| Debt-to-Equity Ratio | 1.01 |
| Cash Coverage of Near-Term Debt | 4.45x |
Recent SEC Filings
Material disclosures from Fortinet's most recent EDGAR filings. 8-K item labels indicate the type of event reported.
Related Companies
Data Source:
Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports).
Fiscal period end: 2026-03-31.
Filing date: 2026-05-08.
Data last fetched: 2026-05-10.
Maturity schedules reflect the company's most recently reported debt repayment obligations.
Data quality: Complete.
View SEC EDGAR filings for Fortinet →