Fortis Long Term Investments vs Retained Earnings 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 Long Term Investments and its Retained Earnings 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.

Long Term Investments vs Retained Earnings

Long Term Investments vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortis Inc Long Term Investments account and Retained Earnings. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Fortis' Long Term Investments and Retained Earnings is 0.9. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Fortis Inc, assuming nothing else is changed. The correlation between historical values of Fortis' Long Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Fortis Inc are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Investments i.e., Fortis' Long Term Investments and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.9

Relationship Direction	Positive
Relationship Strength	Very Strong

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Long Term Investments

Long Term Investments is an item on the asset side of Fortis balance sheet that represents investments Fortis Inc intends to hold for over a year. Fortis Inc long term investments may include different instruments such as stocks, bonds, real estate and cash.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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

Gross Profit Total Revenue

Fortis fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		1.0	0.97	0.97	1.0	1.0	-0.02	1.0	0.61	0.75	1.0	0.34	0.75	0.95	0.96	0.99	0.98	1.0	0.96	0.85	-0.38	1.0	0.96	0.94	0.9	0.99
Short Long Term Debt Total	1.0		0.98	0.97	0.99	0.99	-0.03	1.0	0.59	0.75	1.0	0.33	0.75	0.95	0.97	0.98	0.97	1.0	0.95	0.84	-0.38	1.0	0.95	0.94	0.9	0.99
Other Current Liab	0.97	0.98		0.95	0.97	0.96	-0.17	0.98	0.55	0.69	0.97	0.28	0.69	0.91	0.97	0.96	0.94	0.97	0.91	0.84	-0.36	0.97	0.93	0.92	0.87	0.97
Total Current Liabilities	0.97	0.97	0.95		0.97	0.98	0.08	0.97	0.61	0.72	0.97	0.48	0.72	0.99	0.89	0.94	0.94	0.96	0.98	0.93	-0.36	0.97	0.98	0.98	0.97	0.95
Total Stockholder Equity	1.0	0.99	0.97	0.97		1.0	-0.01	0.99	0.61	0.74	1.0	0.34	0.74	0.95	0.95	0.99	0.98	0.99	0.96	0.86	-0.38	0.99	0.96	0.94	0.9	1.0
Property Plant And Equipment Net	1.0	0.99	0.96	0.98	1.0		0.01	0.99	0.61	0.75	1.0	0.37	0.75	0.96	0.95	0.99	0.98	1.0	0.96	0.87	-0.38	1.0	0.97	0.95	0.91	0.99
Current Deferred Revenue	-0.02	-0.03	-0.17	0.08	-0.01	0.01		-0.03	0.04	0.08	-0.02	0.17	0.08	0.13	-0.14	-0.03	-0.02	-0.03	0.18	0.04	-0.34	-0.01	-0.01	0.13	0.15	-0.07
Net Debt	1.0	1.0	0.98	0.97	0.99	0.99	-0.03		0.59	0.74	1.0	0.33	0.74	0.95	0.97	0.98	0.97	1.0	0.95	0.84	-0.38	1.0	0.95	0.94	0.9	0.99
Accounts Payable	0.61	0.59	0.55	0.61	0.61	0.61	0.04	0.59		0.41	0.6	0.34	0.41	0.7	0.53	0.52	0.66	0.6	0.63	0.58	0.29	0.61	0.59	0.64	0.52	0.6
Cash	0.75	0.75	0.69	0.72	0.74	0.75	0.08	0.74	0.41		0.74	0.6	1.0	0.71	0.67	0.75	0.71	0.75	0.71	0.63	-0.29	0.75	0.73	0.77	0.66	0.72
Non Current Assets Total	1.0	1.0	0.97	0.97	1.0	1.0	-0.02	1.0	0.6	0.74		0.32	0.74	0.95	0.97	0.99	0.98	1.0	0.95	0.84	-0.38	1.0	0.95	0.94	0.89	1.0
Non Currrent Assets Other	0.34	0.33	0.28	0.48	0.34	0.37	0.17	0.33	0.34	0.6	0.32		0.6	0.5	0.14	0.29	0.29	0.32	0.44	0.61	0.09	0.35	0.5	0.54	0.58	0.29
Cash And Short Term Investments	0.75	0.75	0.69	0.72	0.74	0.75	0.08	0.74	0.41	1.0	0.74	0.6		0.71	0.67	0.75	0.71	0.75	0.71	0.63	-0.29	0.75	0.73	0.77	0.66	0.72
Net Receivables	0.95	0.95	0.91	0.99	0.95	0.96	0.13	0.95	0.7	0.71	0.95	0.5	0.71		0.86	0.91	0.94	0.95	0.98	0.92	-0.27	0.96	0.96	0.98	0.95	0.93
Good Will	0.96	0.97	0.97	0.89	0.95	0.95	-0.14	0.97	0.53	0.67	0.97	0.14	0.67	0.86		0.96	0.93	0.97	0.87	0.71	-0.38	0.96	0.86	0.85	0.79	0.97
Common Stock Total Equity	0.99	0.98	0.96	0.94	0.99	0.99	-0.03	0.98	0.52	0.75	0.99	0.29	0.75	0.91	0.96		0.97	0.99	0.92	0.81	-0.48	0.98	0.94	0.9	0.87	0.99
Common Stock Shares Outstanding	0.98	0.97	0.94	0.94	0.98	0.98	-0.02	0.97	0.66	0.71	0.98	0.29	0.71	0.94	0.93	0.97		0.98	0.93	0.82	-0.33	0.98	0.93	0.92	0.84	0.98
Non Current Liabilities Total	1.0	1.0	0.97	0.96	0.99	1.0	-0.03	1.0	0.6	0.75	1.0	0.32	0.75	0.95	0.97	0.99	0.98		0.95	0.83	-0.38	1.0	0.95	0.94	0.89	0.99
Inventory	0.96	0.95	0.91	0.98	0.96	0.96	0.18	0.95	0.63	0.71	0.95	0.44	0.71	0.98	0.87	0.92	0.93	0.95		0.92	-0.36	0.96	0.96	0.97	0.95	0.93
Other Current Assets	0.85	0.84	0.84	0.93	0.86	0.87	0.04	0.84	0.58	0.63	0.84	0.61	0.63	0.92	0.71	0.81	0.82	0.83	0.92		-0.25	0.85	0.94	0.93	0.94	0.83
Other Stockholder Equity	-0.38	-0.38	-0.36	-0.36	-0.38	-0.38	-0.34	-0.38	0.29	-0.29	-0.38	0.09	-0.29	-0.27	-0.38	-0.48	-0.33	-0.38	-0.36	-0.25		-0.38	-0.34	-0.31	-0.4	-0.37
Total Liab	1.0	1.0	0.97	0.97	0.99	1.0	-0.01	1.0	0.61	0.75	1.0	0.35	0.75	0.96	0.96	0.98	0.98	1.0	0.96	0.85	-0.38		0.96	0.95	0.9	0.99
Property Plant And Equipment Gross	0.96	0.95	0.93	0.98	0.96	0.97	-0.01	0.95	0.59	0.73	0.95	0.5	0.73	0.96	0.86	0.94	0.93	0.95	0.96	0.94	-0.34	0.96		0.95	0.96	0.94
Total Current Assets	0.94	0.94	0.92	0.98	0.94	0.95	0.13	0.94	0.64	0.77	0.94	0.54	0.77	0.98	0.85	0.9	0.92	0.94	0.97	0.93	-0.31	0.95	0.95		0.94	0.91
Short Term Debt	0.9	0.9	0.87	0.97	0.9	0.91	0.15	0.9	0.52	0.66	0.89	0.58	0.66	0.95	0.79	0.87	0.84	0.89	0.95	0.94	-0.4	0.9	0.96	0.94		0.87
Common Stock	0.99	0.99	0.97	0.95	1.0	0.99	-0.07	0.99	0.6	0.72	1.0	0.29	0.72	0.93	0.97	0.99	0.98	0.99	0.93	0.83	-0.37	0.99	0.94	0.91	0.87

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Fortis Account Relationship Matchups

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

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