Fortis Balance Sheet Health
Financial Health criteria checks 2/6
Fortis has a total shareholder equity of CA$23.3B and total debt of CA$29.7B, which brings its debt-to-equity ratio to 127.1%. Its total assets and total liabilities are CA$65.9B and CA$42.6B respectively. Fortis's EBIT is CA$3.1B making its interest coverage ratio -41.4. It has cash and short-term investments of CA$625.0M.
Key information
127.1%
Debt to equity ratio
CA$29.65b
Debt
Interest coverage ratio | -41.4x |
Cash | CA$625.00m |
Equity | CA$23.33b |
Total liabilities | CA$42.59b |
Total assets | CA$65.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 12F's short term assets (CA$4.0B) do not cover its short term liabilities (CA$6.0B).
Long Term Liabilities: 12F's short term assets (CA$4.0B) do not cover its long term liabilities (CA$36.6B).
Debt to Equity History and Analysis
Debt Level: 12F's net debt to equity ratio (124.4%) is considered high.
Reducing Debt: 12F's debt to equity ratio has reduced from 130.8% to 127.1% over the past 5 years.
Debt Coverage: 12F's debt is not well covered by operating cash flow (12%).
Interest Coverage: 12F earns more interest than it pays, so coverage of interest payments is not a concern.