Fortis Net Debt from 2010 to 2024

FTS Stock

USD 45.16 0.34 0.76%

Fortis Net Debt yearly trend continues to be comparatively stable with very little volatility. Net Debt is likely to outpace its year average in 2024. Net Debt is the total debt of Fortis Inc minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. View All Fundamentals

Net Debt

First Reported

1997-03-31

Previous Quarter

31.1 B

Current Value

31.1 B

Quarterly Volatility

10.3 B

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Fortis financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fortis' main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.9 B, Interest Expense of 1.4 B or Total Revenue of 12.1 B, as well as many indicators such as Price To Sales Ratio of 1.3, Dividend Yield of 0.0393 or PTB Ratio of 1.44. Fortis financial statements analysis is a perfect complement when working with Fortis Valuation or Volatility modules.

Check out the analysis of Fortis Correlation against competitors.

Latest Fortis' Net Debt Growth Pattern

Below is the plot of the Net Debt of Fortis Inc over the last few years. It is the total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. Fortis' Net Debt historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortis' overall financial position and show how it may be relating to other accounts over time.

Net Debt

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Net Debt

Timeline

Fortis Net Debt Regression Statistics

	Arithmetic Mean	18,323,647,133
	Geometric Mean	13,345,084,669
	Coefficient Of Variation	54.49
	Mean Deviation	8,836,176,773
	Median	22,549,000,000
	Standard Deviation	9,984,069,486
	Sample Variance	99681643.5T
	Range	30.4B
	R-Value	0.96
	Mean Square Error	7488965.1T
	R-Squared	0.93
	Slope	2,153,225,539
	Total Sum of Squares	1395543009T

Fortis Net Debt History

	2024	30.9 B
	2023	29.4 B
	2022	28.8 B
	2021	25.8 B
	2020	24.6 B
	2019	22.8 B
	2018	24.5 B

Other Fundumenentals of Fortis Inc

Net Debt To E B I T D A

Fortis Net Debt component correlations

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Accounts Payable	Net Receivables	Good Will	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Retained Earnings	Net Tangible Assets	Long Term Debt	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Intangible Assets	Property Plant Equipment	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		1.0	-0.02	1.0	0.61	0.95	0.96	1.0	0.94	0.9	0.99	0.92	0.75	1.0	0.94	0.85	0.19	0.91	0.95	0.94	-0.94	0.8	-0.65	0.78
Total Stockholder Equity	1.0		-0.01	0.99	0.61	0.95	0.95	0.99	0.94	0.9	1.0	0.94	0.78	0.99	0.93	0.84	0.19	0.91	0.94	0.93	-0.93	0.81	-0.67	0.8
Current Deferred Revenue	-0.02	-0.01		-0.03	0.04	0.13	-0.14	-0.01	0.13	0.15	-0.07	-0.06	0.04	-0.08	-0.06	0.02	0.12	-0.09	-0.19	-0.29	0.27	-0.11	0.04	-0.13
Net Debt	1.0	0.99	-0.03		0.59	0.95	0.97	1.0	0.94	0.9	0.99	0.91	0.73	1.0	0.94	0.84	0.19	0.91	0.95	0.95	-0.94	0.79	-0.63	0.76
Accounts Payable	0.61	0.61	0.04	0.59		0.69	0.53	0.61	0.64	0.52	0.6	0.6	0.47	0.6	0.49	0.47	0.05	0.7	0.57	0.55	-0.53	0.54	-0.44	0.47
Net Receivables	0.95	0.95	0.13	0.95	0.69		0.86	0.96	0.98	0.95	0.93	0.93	0.81	0.94	0.87	0.91	0.27	0.84	0.91	0.84	-0.87	0.85	-0.73	0.81
Good Will	0.96	0.95	-0.14	0.97	0.53	0.86		0.96	0.85	0.79	0.97	0.81	0.59	0.98	0.92	0.72	0.12	0.92	0.91	0.96	-0.91	0.66	-0.5	0.63
Total Liab	1.0	0.99	-0.01	1.0	0.61	0.96	0.96		0.95	0.9	0.99	0.92	0.75	1.0	0.94	0.85	0.19	0.91	0.95	0.94	-0.94	0.8	-0.64	0.77
Total Current Assets	0.94	0.94	0.13	0.94	0.64	0.98	0.85	0.95		0.94	0.91	0.92	0.81	0.93	0.86	0.92	0.24	0.82	0.9	0.84	-0.86	0.87	-0.69	0.8
Short Term Debt	0.9	0.9	0.15	0.9	0.52	0.95	0.79	0.9	0.94		0.87	0.91	0.86	0.87	0.86	0.94	0.39	0.78	0.87	0.8	-0.83	0.89	-0.81	0.85
Common Stock	0.99	1.0	-0.07	0.99	0.6	0.93	0.97	0.99	0.91	0.87		0.92	0.75	0.99	0.94	0.82	0.18	0.92	0.95	0.95	-0.94	0.79	-0.65	0.78
Retained Earnings	0.92	0.94	-0.06	0.91	0.6	0.93	0.81	0.92	0.92	0.91	0.92		0.92	0.91	0.85	0.9	0.25	0.82	0.92	0.86	-0.9	0.94	-0.82	0.95
Net Tangible Assets	0.75	0.78	0.04	0.73	0.47	0.81	0.59	0.75	0.81	0.86	0.75	0.92		0.71	0.76	0.9	0.41	0.63	0.8	0.67	-0.75	0.92	-0.85	0.95
Long Term Debt	1.0	0.99	-0.08	1.0	0.6	0.94	0.98	1.0	0.93	0.87	0.99	0.91	0.71		0.93	0.83	0.16	0.91	0.95	0.96	-0.95	0.78	-0.61	0.75
Deferred Long Term Liab	0.94	0.93	-0.06	0.94	0.49	0.87	0.92	0.94	0.86	0.86	0.94	0.85	0.76	0.93		0.85	0.36	0.85	0.95	0.91	-0.9	0.73	-0.57	0.72
Long Term Investments	0.85	0.84	0.02	0.84	0.47	0.91	0.72	0.85	0.92	0.94	0.82	0.9	0.9	0.83	0.85		0.41	0.68	0.89	0.78	-0.85	0.92	-0.77	0.88
Short Long Term Debt	0.19	0.19	0.12	0.19	0.05	0.27	0.12	0.19	0.24	0.39	0.18	0.25	0.41	0.16	0.36	0.41		0.13	0.26	0.15	-0.17	0.26	-0.27	0.26
Intangible Assets	0.91	0.91	-0.09	0.91	0.7	0.84	0.92	0.91	0.82	0.78	0.92	0.82	0.63	0.91	0.85	0.68	0.13		0.86	0.93	-0.86	0.72	-0.57	0.65
Property Plant Equipment	0.95	0.94	-0.19	0.95	0.57	0.91	0.91	0.95	0.9	0.87	0.95	0.92	0.8	0.95	0.95	0.89	0.26	0.86		0.94	-0.95	0.84	-0.68	0.82
Long Term Debt Total	0.94	0.93	-0.29	0.95	0.55	0.84	0.96	0.94	0.84	0.8	0.95	0.86	0.67	0.96	0.91	0.78	0.15	0.93	0.94		-0.95	0.78	-0.58	0.73
Capital Surpluse	-0.94	-0.93	0.27	-0.94	-0.53	-0.87	-0.91	-0.94	-0.86	-0.83	-0.94	-0.9	-0.75	-0.95	-0.9	-0.85	-0.17	-0.86	-0.95	-0.95		-0.82	0.67	-0.8
Net Invested Capital	0.8	0.81	-0.11	0.79	0.54	0.85	0.66	0.8	0.87	0.89	0.79	0.94	0.92	0.78	0.73	0.92	0.26	0.72	0.84	0.78	-0.82		-0.87	0.95
Net Working Capital	-0.65	-0.67	0.04	-0.63	-0.44	-0.73	-0.5	-0.64	-0.69	-0.81	-0.65	-0.82	-0.85	-0.61	-0.57	-0.77	-0.27	-0.57	-0.68	-0.58	0.67	-0.87		-0.91
Capital Stock	0.78	0.8	-0.13	0.76	0.47	0.81	0.63	0.77	0.8	0.85	0.78	0.95	0.95	0.75	0.72	0.88	0.26	0.65	0.82	0.73	-0.8	0.95	-0.91

Click cells to compare fundamentals

About Fortis Financial Statements

Fortis shareholders use historical fundamental indicators, such as Net Debt, to determine how well the company is positioned to perform in the future. Although Fortis investors may analyze each financial statement separately, they are all interrelated. The changes in Fortis' assets and liabilities, for example, are also reflected in the revenues and expenses on on Fortis' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Net Debt	29.4 B	30.9 B
Net Debt To EBITDA	5.98	4.26

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Fortis Net Debt from 2010 to 2024

Latest Fortis' Net Debt Growth Pattern

Fortis Net Debt Regression Statistics

Fortis Net Debt History

Other Fundumenentals of Fortis Inc

Fortis Net Debt component correlations

About Fortis Financial Statements

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Fortis Stock Analysis

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