Fortis Balance Sheet Health
Financial Health criteria checks 2/6
Fortis has a total shareholder equity of CA$24.0B and total debt of CA$30.6B, which brings its debt-to-equity ratio to 127.4%. Its total assets and total liabilities are CA$67.6B and CA$43.6B respectively. Fortis's EBIT is CA$3.2B making its interest coverage ratio -58.1. It has cash and short-term investments of CA$569.0M.
Key information
127.4%
Debt to equity ratio
CA$30.61b
Debt
Interest coverage ratio | -58.1x |
Cash | CA$569.00m |
Equity | CA$24.02b |
Total liabilities | CA$43.57b |
Total assets | CA$67.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FORF.F's short term assets (CA$4.0B) do not cover its short term liabilities (CA$6.6B).
Long Term Liabilities: FORF.F's short term assets (CA$4.0B) do not cover its long term liabilities (CA$37.0B).
Debt to Equity History and Analysis
Debt Level: FORF.F's net debt to equity ratio (125.1%) is considered high.
Reducing Debt: FORF.F's debt to equity ratio has reduced from 130.4% to 127.4% over the past 5 years.
Debt Coverage: FORF.F's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: FORF.F earns more interest than it pays, so coverage of interest payments is not a concern.