Fortis Balance Sheet Health
Financial Health criteria checks 1/6
Fortis has a total shareholder equity of CA$24.7B and total debt of CA$31.4B, which brings its debt-to-equity ratio to 127.2%. Its total assets and total liabilities are CA$68.8B and CA$44.1B respectively. Fortis's EBIT is CA$3.3B making its interest coverage ratio -113.1. It has cash and short-term investments of CA$561.0M.
Key information
127.2%
Debt to equity ratio
CA$31.37b
Debt
| Interest coverage ratio | -113.1x |
| Cash | CA$561.00m |
| Equity | CA$24.66b |
| Total liabilities | CA$44.12b |
| Total assets | CA$68.77b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: FTRS.F's short term assets (CA$3.9B) do not cover its short term liabilities (CA$5.7B).
Long Term Liabilities: FTRS.F's short term assets (CA$3.9B) do not cover its long term liabilities (CA$38.4B).
Debt to Equity History and Analysis
Debt Level: FTRS.F's net debt to equity ratio (124.9%) is considered high.
Reducing Debt: FTRS.F's debt to equity ratio has increased from 121.8% to 127.2% over the past 5 years.
Debt Coverage: FTRS.F's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: FTRS.F earns more interest than it pays, so coverage of interest payments is not a concern.