Fortis Historical Balance Sheet

FTS Stock

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Trend analysis of Fortis Inc balance sheet accounts such as Other Current Liabilities of 2.4 B or Total Current Liabilities of 6.3 B provides information on Fortis' total assets, liabilities, and equity, which is the actual value of Fortis Inc to its prevalent stockholders. By breaking down trends over time using Fortis balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Housing Crash

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Covid

Financial Statement Analysis is much more than just reviewing and examining Fortis Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Fortis Inc is a good buy for the upcoming year.

Fortis Inventory

594.3 Million

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 board of governors.

About Fortis Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Fortis Inc at a specified time, usually calculated after every quarter, six months, or one year. Fortis Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fortis and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Fortis currently owns. An asset can also be divided into two categories, current and non-current.

Fortis Balance Sheet Chart

At this time, Fortis' Net Debt is very stable compared to the past year. As of the 29th of November 2024, Cash is likely to grow to about 656.2 M, while Current Deferred Revenue is likely to drop about 215.6 M.

Total Assets Short Long Term Debt Total Total Current Liabilities Net Receivables

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Total Assets

Total assets refers to the total amount of Fortis assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Fortis Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Fortis balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Fortis Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most accounts from Fortis' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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 board of governors.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	25.9B	29.0B	30.0B	31.5B
Total Assets	57.7B	64.3B	65.9B	69.2B

Short Long Term Debt Total Total Assets

Fortis balance sheet 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	0.98	0.97	1.0	1.0	-0.06	1.0	0.82	0.75	1.0	0.34	0.75	0.95	0.9	0.99	0.98	1.0	0.96	0.85	0.01	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	-0.08	1.0	0.81	0.75	1.0	0.33	0.75	0.95	0.91	0.99	0.97	1.0	0.95	0.85	0.02	1.0	0.95	0.94	0.9	0.99
Other Current Liab	0.98	0.98		0.98	0.98	0.98	-0.02	0.98	0.81	0.72	0.98	0.33	0.72	0.96	0.9	0.96	0.96	0.98	0.96	0.9	0.0	0.99	0.94	0.96	0.9	0.97
Total Current Liabilities	0.97	0.97	0.98		0.97	0.98	0.03	0.97	0.81	0.72	0.97	0.48	0.72	0.99	0.82	0.95	0.94	0.96	0.98	0.91	0.0	0.97	0.98	0.98	0.97	0.95
Total Stockholder Equity	1.0	0.99	0.98	0.97		1.0	-0.05	0.99	0.82	0.74	1.0	0.34	0.74	0.95	0.89	0.99	0.98	0.99	0.96	0.85	0.01	0.99	0.96	0.94	0.9	1.0
Property Plant And Equipment Net	1.0	0.99	0.98	0.98	1.0		-0.04	0.99	0.82	0.75	1.0	0.37	0.75	0.96	0.88	0.99	0.98	1.0	0.96	0.86	0.02	1.0	0.97	0.95	0.91	0.99
Current Deferred Revenue	-0.06	-0.08	-0.02	0.03	-0.05	-0.04		-0.08	0.11	0.0	-0.07	0.09	0.0	0.09	-0.14	-0.13	-0.06	-0.07	0.13	0.06	0.05	-0.06	-0.06	0.07	0.09	-0.12
Net Debt	1.0	1.0	0.98	0.97	0.99	0.99	-0.08		0.81	0.74	1.0	0.33	0.74	0.95	0.91	0.99	0.97	1.0	0.95	0.85	0.02	1.0	0.95	0.94	0.9	0.99
Accounts Payable	0.82	0.81	0.81	0.81	0.82	0.82	0.11	0.81		0.55	0.81	0.3	0.55	0.82	0.81	0.81	0.84	0.81	0.81	0.74	-0.2	0.81	0.78	0.8	0.73	0.82
Cash	0.75	0.75	0.72	0.72	0.74	0.75	0.0	0.74	0.55		0.74	0.6	1.0	0.74	0.53	0.76	0.71	0.75	0.71	0.61	0.01	0.75	0.73	0.77	0.67	0.72
Non Current Assets Total	1.0	1.0	0.98	0.97	1.0	1.0	-0.07	1.0	0.81	0.74		0.32	0.74	0.95	0.91	0.99	0.98	1.0	0.95	0.84	0.02	1.0	0.95	0.94	0.89	1.0
Non Currrent Assets Other	0.34	0.33	0.33	0.48	0.34	0.37	0.09	0.33	0.3	0.6	0.32		0.6	0.53	-0.01	0.33	0.29	0.32	0.44	0.49	-0.19	0.35	0.5	0.54	0.59	0.29
Cash And Short Term Investments	0.75	0.75	0.72	0.72	0.74	0.75	0.0	0.74	0.55	1.0	0.74	0.6		0.74	0.53	0.76	0.71	0.75	0.71	0.61	0.01	0.75	0.73	0.77	0.67	0.72
Net Receivables	0.95	0.95	0.96	0.99	0.95	0.96	0.09	0.95	0.82	0.74	0.95	0.53	0.74		0.77	0.93	0.93	0.94	0.98	0.91	-0.09	0.95	0.97	0.99	0.96	0.93
Good Will	0.9	0.91	0.9	0.82	0.89	0.88	-0.14	0.91	0.81	0.53	0.91	-0.01	0.53	0.77		0.9	0.88	0.91	0.81	0.71	0.05	0.9	0.78	0.76	0.7	0.91
Common Stock Total Equity	0.99	0.99	0.96	0.95	0.99	0.99	-0.13	0.99	0.81	0.76	0.99	0.33	0.76	0.93	0.9		0.98	0.99	0.93	0.81	0.01	0.99	0.94	0.91	0.87	1.0
Common Stock Shares Outstanding	0.98	0.97	0.96	0.94	0.98	0.98	-0.06	0.97	0.84	0.71	0.98	0.29	0.71	0.93	0.88	0.98		0.98	0.93	0.83	-0.06	0.98	0.93	0.92	0.84	0.98
Non Current Liabilities Total	1.0	1.0	0.98	0.96	0.99	1.0	-0.07	1.0	0.81	0.75	1.0	0.32	0.75	0.94	0.91	0.99	0.98		0.95	0.84	0.01	1.0	0.95	0.94	0.89	0.99
Inventory	0.96	0.95	0.96	0.98	0.96	0.96	0.13	0.95	0.81	0.71	0.95	0.44	0.71	0.98	0.81	0.93	0.93	0.95		0.89	-0.01	0.96	0.96	0.97	0.95	0.93
Other Current Assets	0.85	0.85	0.9	0.91	0.85	0.86	0.06	0.85	0.74	0.61	0.84	0.49	0.61	0.91	0.71	0.81	0.83	0.84	0.89		-0.01	0.86	0.87	0.95	0.88	0.82
Other Stockholder Equity	0.01	0.02	0.0	0.0	0.01	0.02	0.05	0.02	-0.2	0.01	0.02	-0.19	0.01	-0.09	0.05	0.01	-0.06	0.01	-0.01	-0.01		0.01	0.02	-0.05	0.06	0.01
Total Liab	1.0	1.0	0.99	0.97	0.99	1.0	-0.06	1.0	0.81	0.75	1.0	0.35	0.75	0.95	0.9	0.99	0.98	1.0	0.96	0.86	0.01		0.96	0.95	0.9	0.99
Property Plant And Equipment Gross	0.96	0.95	0.94	0.98	0.96	0.97	-0.06	0.95	0.78	0.73	0.95	0.5	0.73	0.97	0.78	0.94	0.93	0.95	0.96	0.87	0.02	0.96		0.95	0.96	0.94
Total Current Assets	0.94	0.94	0.96	0.98	0.94	0.95	0.07	0.94	0.8	0.77	0.94	0.54	0.77	0.99	0.76	0.91	0.92	0.94	0.97	0.95	-0.05	0.95	0.95		0.94	0.91
Short Term Debt	0.9	0.9	0.9	0.97	0.9	0.91	0.09	0.9	0.73	0.67	0.89	0.59	0.67	0.96	0.7	0.87	0.84	0.89	0.95	0.88	0.06	0.9	0.96	0.94		0.87
Common Stock	0.99	0.99	0.97	0.95	1.0	0.99	-0.12	0.99	0.82	0.72	1.0	0.29	0.72	0.93	0.91	1.0	0.98	0.99	0.93	0.82	0.01	0.99	0.94	0.91	0.87

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Fortis Account Relationship Matchups

Fortis balance sheet 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	1.9B	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	215.6M
Net Debt	22.8B	24.6B	25.8B	28.8B	29.4B	30.9B
Accounts Payable	754M	707M	774M	886M	990M	535.3M
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	1.6B	1.7B
Good Will	12.0B	11.8B	11.7B	12.5B	12.2B	7.8B
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	705M	767M	850M	1.6B	1.2B	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	1.3B	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
Intangible Assets	1.3B	1.3B	1.3B	1.5B	1.5B	945.0M
Other Liab	7.2B	7.6B	7.9B	8.5B	9.8B	6.8B
Net Tangible Assets	3.6B	4.0B	4.6B	5.4B	6.2B	6.5B
Other Assets	3.4B	3.6B	3.8B	4.0B	4.6B	3.4B
Long Term Debt	21.5B	23.1B	23.7B	25.9B	27.2B	21.3B
Deferred Long Term Liab	3.0B	3.1B	3.1B	3.1B	3.6B	2.9B
Long Term Investments	126M	158M	178M	316M	370M	189.5M
Short Long Term Debt	1.2B	1.4B	1.9B	2.7B	2.4B	1.6B
Property Plant Equipment	34.0B	36.0B	37.9B	175M	201.3M	191.2M
Long Term Debt Total	21.9B	23.4B	24.0B	26.3B	30.2B	23.8B

Pair Trading with Fortis

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortis will appreciate offsetting losses from the drop in the long position's value.

Moving together with Fortis Stock

0.67	TPX-B	Molson Coors Canada	Pair Corr
0.68	FFH	Fairfax Financial	Pair Corr

Moving against Fortis Stock

0.36

ELF-PH

E L Financial

Pair Corr

The ability to find closely correlated positions to Fortis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortis Inc to buy it.

The correlation of Fortis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortis Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Fortis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Fortis Inc is a strong investment it is important to analyze Fortis' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Fortis' future performance. For an informed investment choice regarding Fortis Stock, refer to the following important reports:

How To Invest In Fortis

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Is Fortis Stock a good investment?

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What is Fortis' Net Worth?

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Please note, there is a significant difference between Fortis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Fortis Historical Balance Sheet

Fortis Inventory

594.3 Million

About Fortis Balance Sheet Analysis

Fortis Balance Sheet Chart

Total Assets

Total Current Liabilities

Fortis balance sheet Correlations

Fortis Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fortis balance sheet Accounts

Pair Trading with Fortis

Moving together with Fortis Stock

Moving against Fortis Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Assets
Net Debt	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets

Other Stockholder Equity	- 0.2	Accounts Payable
Other Stockholder Equity	- 0.19	Non Currrent Assets Other
Good Will	- 0.14	Current Deferred Revenue
Common Stock Total Equity	- 0.13	Current Deferred Revenue
Common Stock	- 0.12	Current Deferred Revenue
Other Stockholder Equity	- 0.09	Net Receivables