Fortis Inc (FTS) — Net Asset Quality Index
Fortis Inc (FTS) has a Net Asset Quality Index of 34.5% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$76.71 Billion minus total liabilities of CA$50.23 Billion yields net assets of CA$26.49 Billion. A higher index indicates a stronger, lower-leverage balance sheet. See defensive interval ratio of Fortis Inc to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Fortis Inc Net Asset Quality Index Over Time (1995–2025)
This chart shows how Fortis Inc's Net Asset Quality Index has evolved across 30 annual periods from 1995 to 2025. As of March 2026, the index stands at 34.5%, representing net assets of CA$26.49 Billion against total assets of CA$76.71 Billion CAD. Explore Fortis Inc (FTS) cash flow conversion to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Fortis Inc (1995–2025)
The table below presents the year-by-year Net Asset Quality Index for Fortis Inc from 1995 to 2025, covering 30 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see Fortis Inc (FTS) total market value.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 34.6% | CA$25.87 Billion | CA$74.83 Billion | CA$48.96 Billion | ▲ +0.1 pp |
| 2024 | 34.4% | CA$25.85 Billion | CA$75.06 Billion | CA$49.21 Billion | ▼ -0.2 pp |
| 2023 | 34.6% | CA$23.33 Billion | CA$67.41 Billion | CA$44.08 Billion | ▼ -0.1 pp |
| 2022 | 34.7% | CA$22.84 Billion | CA$65.87 Billion | CA$43.03 Billion | ▼ -0.8 pp |
| 2021 | 35.4% | CA$20.92 Billion | CA$59.01 Billion | CA$38.10 Billion | ▼ -0.3 pp |
| 2020 | 35.7% | CA$20.28 Billion | CA$56.77 Billion | CA$36.49 Billion | ▼ -1.0 pp |
| 2019 | 36.7% | CA$20.11 Billion | CA$54.80 Billion | CA$34.68 Billion | ▲ +2.8 pp |
| 2018 | 33.9% | CA$18.46 Billion | CA$54.45 Billion | CA$35.99 Billion | ▼ -0.2 pp |
| 2017 | 34.1% | CA$16.75 Billion | CA$49.17 Billion | CA$32.42 Billion | ▲ +0.6 pp |
| 2016 | 33.5% | CA$16.45 Billion | CA$49.17 Billion | CA$32.72 Billion | ▼ -1.6 pp |
| 2015 | 35.0% | CA$10.35 Billion | CA$29.57 Billion | CA$19.21 Billion | ▲ +0.8 pp |
| 2014 | 34.2% | CA$9.11 Billion | CA$26.63 Billion | CA$17.52 Billion | ▼ -1.4 pp |
| 2013 | 35.6% | CA$6.38 Billion | CA$17.91 Billion | CA$11.53 Billion | ▼ -0.6 pp |
| 2012 | 36.2% | CA$5.41 Billion | CA$14.95 Billion | CA$9.54 Billion | ▲ +1.4 pp |
| 2011 | 34.8% | CA$4.94 Billion | CA$14.21 Billion | CA$9.27 Billion | ▲ +3.4 pp |
| 2010 | 31.4% | CA$4.05 Billion | CA$12.90 Billion | CA$8.85 Billion | ▼ -1.3 pp |
| 2009 | 32.8% | CA$3.98 Billion | CA$12.14 Billion | CA$8.16 Billion | ▼ -1.7 pp |
| 2008 | 34.5% | CA$3.85 Billion | CA$11.18 Billion | CA$7.33 Billion | ▲ +3.8 pp |
| 2007 | 30.7% | CA$3.15 Billion | CA$10.27 Billion | CA$7.12 Billion | ▼ -3.2 pp |
| 2006 | 33.8% | CA$1.84 Billion | CA$5.44 Billion | CA$3.60 Billion | ▼ -0.8 pp |
| 2005 | 34.6% | CA$1.57 Billion | CA$4.54 Billion | CA$2.97 Billion | ▲ +0.2 pp |
| 2004 | 34.4% | CA$1.36 Billion | CA$3.94 Billion | CA$2.58 Billion | ▼ -0.6 pp |
| 2003 | 35.0% | CA$774.43 Million | CA$2.21 Billion | CA$1.44 Billion | ▲ +3.6 pp |
| 2002 | 31.4% | CA$624.41 Million | CA$1.99 Billion | CA$1.36 Billion | ▲ +1.6 pp |
| 2001 | 29.9% | CA$485.06 Million | CA$1.62 Billion | CA$1.14 Billion | ▼ -0.1 pp |
| 2000 | 30.0% | CA$443.64 Million | CA$1.48 Billion | CA$1.03 Billion | ▼ -0.1 pp |
| 1999 | 30.1% | CA$374.25 Million | CA$1.24 Billion | CA$869.36 Million | ▼ -3.4 pp |
| 1998 | 33.5% | CA$347.11 Million | CA$1.04 Billion | CA$690.09 Million | ▲ +0.5 pp |
| 1997 | 32.9% | CA$334.97 Million | CA$1.02 Billion | CA$682.42 Million | ▼ -1.3 pp |
| 1995 | 34.2% | CA$313.69 Million | CA$916.41 Million | CA$602.72 Million | — |