Fortis Balance Sheet Health
Financial Health criteria checks 1/6
Fortis has a total shareholder equity of CA$24.4B and total debt of CA$31.7B, which brings its debt-to-equity ratio to 129.8%. Its total assets and total liabilities are CA$69.6B and CA$45.2B respectively. Fortis's EBIT is CA$3.3B making its interest coverage ratio 1092.3. It has cash and short-term investments of CA$896.0M.
Key information
129.8%
Debt to equity ratio
CA$31.67b
Debt
| Interest coverage ratio | 1092.3x |
| Cash | CA$896.00m |
| Equity | CA$24.39b |
| Total liabilities | CA$45.25b |
| Total assets | CA$69.64b |
Recent financial health updates
We Think Fortis (TSE:FTS) Is Taking Some Risk With Its Debt
Oct 03
Fortis (TSE:FTS) Takes On Some Risk With Its Use Of Debt
May 02Recent updates
Returns On Capital At Fortis (TSE:FTS) Have Stalled
Dec 16Here's Why Fortis (TSE:FTS) Has Caught The Eye Of Investors
Nov 14We Think Fortis (TSE:FTS) Is Taking Some Risk With Its Debt
Oct 03Should You Be Adding Fortis (TSE:FTS) To Your Watchlist Today?
Aug 14Here's What Analysts Are Forecasting For Fortis Inc. (TSE:FTS) After Its Second-Quarter Results
Aug 02Fortis Inc.'s (TSE:FTS) Share Price Not Quite Adding Up
Jul 26Return Trends At Fortis (TSE:FTS) Aren't Appealing
Jul 11Fortis (TSE:FTS) Takes On Some Risk With Its Use Of Debt
May 02Fortis Inc. (TSE:FTS) Shares Could Be 22% Below Their Intrinsic Value Estimate
Apr 03Returns At Fortis (TSE:FTS) Appear To Be Weighed Down
Feb 29Risks To Shareholder Returns Are Elevated At These Prices For Fortis Inc. (TSE:FTS)
Dec 25Financial Position Analysis
Short Term Liabilities: FTS's short term assets (CA$4.2B) do not cover its short term liabilities (CA$5.7B).
Long Term Liabilities: FTS's short term assets (CA$4.2B) do not cover its long term liabilities (CA$39.5B).
Debt to Equity History and Analysis
Debt Level: FTS's net debt to equity ratio (126.2%) is considered high.
Reducing Debt: FTS's debt to equity ratio has increased from 123.3% to 129.8% over the past 5 years.
Debt Coverage: FTS's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: FTS's interest payments on its debt are well covered by EBIT (1092.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:25 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Fortis Inc. is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Daniel Ford | Barclays |
| Ross Allen Fowler | Barclays |