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

Fortis: 8-9% Yielding Preferred Shares Offer A Lower Risk Prospect Vs. Common Shares

Aug 23

Fortis: A Stable High-Yielding Utility That Is Too Expensive

Jun 06

Fortis Q4 Earnings Preview

Feb 09

Fortis: A Dividend King In The Making

Jan 17

Fortis Warrants A Valuation Update After A 14% Drop - Close To A 'Buy'

Nov 08

Fortis Q3 2022 Earnings Preview

Oct 27

Fortis raises dividend 5.6% to CAD 0.565/share

Sep 28

Fortis subsidiary launches senior notes offering

Sep 08

Fortis: Completion Of Energy Projects Will Likely Push The Price Up

Aug 29

Fortis declares CAD 0.535 dividend

Jul 28

Fortis: Strong Renewable Ambitions And Financials But Appears Overpriced

May 24

Fortis: I Remain At 'Hold', But There Is A Potential Upside At 18X P/E

Mar 01

Fortis: A Solid Dividend Investment

Oct 18

Fortis Is A Dividend Grower With More Upside

Jul 17

Fortis Q1 2021 Earnings Preview

May 04

Fortis Is A Fantastic Investment - But Not Now

Apr 30

Fortis (FTS) Presents At 2020 Wells Fargo Midstream and Utility Symposium Conference - Slideshow

Dec 15

Fortis (FTS) Presents At Wolfe Research Meetings: EEI 55th Financial Virtual Conference - Slideshow

Nov 22

Dividend Watch: Fortis Is A Top Income Stock

Nov 19

Fortis Q3 2020 Earnings Preview

Oct 29

Financial Position Analysis

Short Term Liabilities: FTS's short term assets (CA$4.0B) do not cover its short term liabilities (CA$6.0B).

Long Term Liabilities: FTS'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: FTS's net debt to equity ratio (124.4%) is considered high.

Reducing Debt: FTS's debt to equity ratio has reduced from 130.8% to 127.1% over the past 5 years.

Debt Coverage: FTS's debt is not well covered by operating cash flow (12%).

Interest Coverage: FTS earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Discover healthy companies

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Price

Mkt cap

E.Growth

Analysts Target

Fortis Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Recent updates

Fortis: The Sub-Par Performance Continues Due To Valuation

President recently bought US$968k worth of stock

Fortis Inc., Annual General Meeting, May 02, 2024

Dividend of CA$0.59 announced

Full year 2023 earnings: EPS exceeds analyst expectations

Fortis Inc. to Report Q2, 2024 Results on Jul 31, 2024

Fortis Inc. Declares Dividend for the Second Quarter of 2024, Payable on June 1, 2024

Upcoming dividend of CA$0.59 per share at 4.5% yield

Fortis: Preferred Shares Deliver Yield And Outperform Common

Fortis Inc. Announces First Quarter 2024 Dividend, Payable on March 1, 2024

Upcoming dividend of CA$0.59 per share at 4.2% yield

Fortis: An Update On One Of The Larger Canadian Utilities, Maintain 'Hold'

Third quarter 2023 earnings released: EPS: CA$0.81 (vs CA$0.68 in 3Q 2022)

Fortis Inc. Announces Fourth Quarter Dividend, Payable on December 1, 2023

Fortis: 8-9% Yielding Preferred Shares Offer A Lower Risk Prospect Vs. Common Shares

Upcoming dividend of CA$0.56 per share at 4.1% yield

Fortis Inc. to Report Q4, 2023 Results on Feb 09, 2024

Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Fortis Inc. Announces Dividend for the Third Quarter 2023, Payable on September 1, 2023

Fortis: A Stable High-Yielding Utility That Is Too Expensive

High number of new directors

Upcoming dividend of CA$0.56 per share at 3.7% yield

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Chief Information Officer & VP recently sold US$116k worth of stock

Fortis Inc., Annual General Meeting, May 04, 2023

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Fortis Inc. Announces Second Quarter Dividend on the Common Shares, Payable on June 1, 2023

Fortis Q4 Earnings Preview

Upcoming dividend of CA$0.56 per share at 4.1% yield

Fortis: A Dividend King In The Making

Fortis Inc. Announces Dividend, Payable on March 1, 2023

President recently bought US$743k worth of stock

Upcoming dividend of CA$0.56 per share

Fortis Warrants A Valuation Update After A 14% Drop - Close To A 'Buy'

FortisAlberta Inc. Declares Fourth Quarter Dividend

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Fortis Q3 2022 Earnings Preview

Now 22% undervalued after recent price drop

Fortis Inc. to Report Q3, 2022 Results on Oct 28, 2022

Fortis raises dividend 5.6% to CAD 0.565/share

Now 21% undervalued after recent price drop

Fortis subsidiary launches senior notes offering

Fortis: Completion Of Energy Projects Will Likely Push The Price Up

Upcoming dividend of CA$0.54 per share

Fortis Inc. Announces Board Changes

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Fortis Inc. Announces Dividend on Common Shares, Payable on September 1, 2022

Fortis declares CAD 0.535 dividend

Executive VP recently bought US$60k worth of stock

Fortis: Strong Renewable Ambitions And Financials But Appears Overpriced

Upcoming dividend of CA$0.54 per share

Fortis Inc. Appoints Lisa Crutchfield to the Board

Fortis Inc. Announces Executive Changes

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Fortis: I Remain At 'Hold', But There Is A Potential Upside At 18X P/E

Fortis Inc., Annual General Meeting, May 05, 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Fortis Inc. to Report Q2, 2022 Results on Jul 28, 2022

Fortis Inc. Declares Second Quarter Dividend, Payable on June 1, 2022

Upcoming dividend of CA$0.54 per share

Upcoming dividend of CA$0.54 per share

Third quarter 2021 earnings released: EPS CA$0.63 (vs CA$0.63 in 3Q 2020)

Fortis: A Solid Dividend Investment

Upcoming dividend of CA$0.51 per share

Second quarter 2021 earnings released: EPS CA$0.54 (vs CA$0.59 in 2Q 2020)

Fortis Is A Dividend Grower With More Upside

Price target increased to US$44.76

Upcoming dividend of CA$0.51 per share

First quarter 2021 earnings released: EPS CA$0.76 (vs CA$0.67 in 1Q 2020)

Fortis Q1 2021 Earnings Preview

Fortis Is A Fantastic Investment - But Not Now

Fortis Inc. Declares Dividend on Common Shares, Payable on June 1, 2021

Price target raised to US$45.35

President recently bought US$806k worth of stock

New 90-day low: US$39.70