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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTRS.F's short term assets (CA$4.2B) do not cover its short term liabilities (CA$5.7B).
Long Term Liabilities: FTRS.F'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: FTRS.F's net debt to equity ratio (126.2%) is considered high.
Reducing Debt: FTRS.F's debt to equity ratio has increased from 123.3% to 129.8% over the past 5 years.
Debt Coverage: FTRS.F's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: FTRS.F's interest payments on its debt are well covered by EBIT (1092.3x coverage).