Fortis Common Stock vs Net Working Capital Analysis
FTS Stock | USD 44.58 0.25 0.56% |
Fortis financial indicator trend analysis is much more than just examining Fortis Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortis Inc is a good investment. Please check the relationship between Fortis Common Stock and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Common Stock vs Net Working Capital
Common Stock vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortis Inc Common Stock account and Net Working Capital. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Fortis' Common Stock and Net Working Capital is -0.65. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Fortis Inc, assuming nothing else is changed. The correlation between historical values of Fortis' Common Stock and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Fortis Inc are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Common Stock i.e., Fortis' Common Stock and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.65 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Common Stock
Net Working Capital
Most indicators from Fortis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortis Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. Selling General Administrative is likely to gain to about 576.5 K in 2024, whereas Tax Provision is likely to drop slightly above 293.3 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.5B | 7.1B | 4.9B | 2.9B | Total Revenue | 9.4B | 11.0B | 11.5B | 12.1B |
Fortis fundamental ratios Correlations
Click cells to compare fundamentals
Fortis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fortis fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 53.4B | 55.5B | 57.7B | 64.3B | 65.9B | 69.2B | |
Short Long Term Debt Total | 23.2B | 24.9B | 25.9B | 29.0B | 30.0B | 31.5B | |
Other Current Liab | 2.0B | 1.8B | 1.9B | 2.6B | 2.3B | 2.4B | |
Total Current Liabilities | 4.2B | 4.1B | 4.8B | 6.6B | 6.0B | 6.3B | |
Total Stockholder Equity | 18.5B | 18.7B | 19.3B | 21.0B | 21.5B | 22.6B | |
Property Plant And Equipment Net | 34.0B | 36.0B | 37.9B | 41.7B | 43.4B | 45.6B | |
Current Deferred Revenue | 226M | 214M | 222M | 401M | 263M | 309.8M | |
Net Debt | 22.8B | 24.6B | 25.8B | 28.8B | 29.4B | 30.9B | |
Accounts Payable | 754M | 707M | 774M | 886M | 990M | 562.0M | |
Cash | 370M | 249M | 131M | 209M | 625M | 656.3M | |
Non Current Assets Total | 50.8B | 52.9B | 54.9B | 60.0B | 61.9B | 65.0B | |
Non Currrent Assets Other | 210M | 215M | 231M | 2.3B | 4.4B | 4.6B | |
Cash And Short Term Investments | 370M | 249M | 131M | 209M | 625M | 656.3M | |
Net Receivables | 1.1B | 1.2B | 1.3B | 1.8B | 1.5B | 1.6B | |
Good Will | 12.0B | 11.8B | 11.7B | 12.5B | 12.2B | 12.8B | |
Common Stock Total Equity | 11.6B | 11.9B | 13.6B | 13.8B | 15.9B | 16.7B | |
Common Stock Shares Outstanding | 437.5M | 465.4M | 471.4M | 479M | 486.5M | 510.8M | |
Liabilities And Stockholders Equity | 53.4B | 55.5B | 57.7B | 64.3B | 65.9B | 69.2B | |
Non Current Liabilities Total | 29.1B | 31.0B | 31.9B | 34.8B | 36.6B | 38.5B | |
Inventory | 394M | 422M | 478M | 661M | 566M | 594.3M | |
Other Current Assets | 617M | 767M | 850M | 1.6B | 1.3B | 1.3B | |
Total Liab | 33.3B | 35.2B | 36.7B | 41.4B | 42.6B | 44.7B | |
Property Plant And Equipment Gross | 34.0B | 36.0B | 51.2B | 56.2B | 58.4B | 61.3B | |
Total Current Assets | 2.6B | 2.6B | 2.7B | 4.3B | 4.0B | 4.2B | |
Short Term Debt | 1.2B | 1.4B | 1.9B | 2.7B | 2.4B | 2.5B | |
Common Stock | 13.6B | 13.8B | 14.2B | 14.7B | 15.1B | 15.9B | |
Retained Earnings | 2.9B | 3.2B | 3.5B | 3.7B | 4.1B | 4.3B | |
Accumulated Other Comprehensive Income | 336M | 34M | (40M) | 1.0B | 653M | 685.7M | |
Other Liab | 7.2B | 7.6B | 7.9B | 8.5B | 9.8B | 10.3B | |
Net Tangible Assets | 3.6B | 4.0B | 4.6B | 5.4B | 6.2B | 6.5B | |
Other Assets | 3.4B | 3.6B | 3.8B | 3.9B | 4.5B | 4.8B | |
Long Term Debt | 21.5B | 23.1B | 23.7B | 25.9B | 27.2B | 28.6B | |
Deferred Long Term Liab | 3.0B | 3.1B | 3.1B | 3.1B | 3.6B | 3.7B | |
Long Term Investments | 126M | 158M | 178M | 316M | 370M | 388.5M | |
Short Long Term Debt | 1.2B | 1.4B | 1.9B | 2.7B | 2.4B | 2.5B | |
Intangible Assets | 1.3B | 1.3B | 1.3B | 1.5B | 1.5B | 797.0M | |
Property Plant Equipment | 34.0B | 36.0B | 37.9B | 41.7B | 48.0B | 50.4B | |
Long Term Debt Total | 23.5B | 21.9B | 23.4B | 24.0B | 27.6B | 23.0B |
Thematic Opportunities
Explore Investment Opportunities
Additional Tools for Fortis Stock Analysis
When running Fortis' price analysis, check to measure Fortis' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortis is operating at the current time. Most of Fortis' value examination focuses on studying past and present price action to predict the probability of Fortis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortis' price. Additionally, you may evaluate how the addition of Fortis to your portfolios can decrease your overall portfolio volatility.