Fortis Inc (FTS) — Tangible Net Worth Ratio
Fortis Inc (FTS) has a Tangible Net Worth Ratio of 93.4% as of March 2026. This metric is calculated by deducting intangible assets (CA$1.74 Billion) from net assets (CA$26.49 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See what is Fortis Inc's book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Fortis Inc Tangible Net Worth Ratio (1995–2025)
This chart shows how Fortis Inc's Tangible Net Worth Ratio has changed across 30 annual periods from 1995 to 2025. As of March 2026, the ratio stands at 93.4%, reflecting net assets of CA$26.49 Billion with intangible assets of CA$1.74 Billion CAD. Also explore net asset momentum of Fortis Inc to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Fortis Inc (1995–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Fortis Inc from 1995 to 2025, covering 30 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Fortis Inc market capitalisation.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 93.3% | CA$25.87 Billion | CA$1.72 Billion | CA$74.83 Billion | ▼ -0.2 pp |
| 2024 | 93.6% | CA$25.85 Billion | CA$1.66 Billion | CA$75.06 Billion | ▲ +0.0 pp |
| 2023 | 93.5% | CA$23.33 Billion | CA$1.51 Billion | CA$67.41 Billion | ▲ +0.3 pp |
| 2022 | 93.2% | CA$22.84 Billion | CA$1.55 Billion | CA$65.87 Billion | ▼ -0.4 pp |
| 2021 | 93.6% | CA$20.92 Billion | CA$1.34 Billion | CA$59.01 Billion | ▼ -0.1 pp |
| 2020 | 93.6% | CA$20.28 Billion | CA$1.29 Billion | CA$56.77 Billion | ▼ -0.1 pp |
| 2019 | 93.7% | CA$20.11 Billion | CA$1.26 Billion | CA$54.80 Billion | ▲ +0.2 pp |
| 2018 | 93.5% | CA$18.46 Billion | CA$1.20 Billion | CA$54.45 Billion | ▼ 0.0 pp |
| 2017 | 93.5% | CA$16.75 Billion | CA$1.08 Billion | CA$49.17 Billion | ▼ -0.3 pp |
| 2016 | 93.9% | CA$16.45 Billion | CA$1.01 Billion | CA$49.17 Billion | ▼ -0.9 pp |
| 2015 | 94.8% | CA$10.35 Billion | CA$541.00 Million | CA$29.57 Billion | ▲ +0.1 pp |
| 2014 | 94.6% | CA$9.11 Billion | CA$488.00 Million | CA$26.63 Billion | ▲ +0.1 pp |
| 2013 | 94.6% | CA$6.38 Billion | CA$345.00 Million | CA$17.91 Billion | ▲ +0.6 pp |
| 2012 | 94.0% | CA$5.41 Billion | CA$325.00 Million | CA$14.95 Billion | ▲ +0.9 pp |
| 2011 | 93.1% | CA$4.94 Billion | CA$341.00 Million | CA$14.21 Billion | ▲ +1.1 pp |
| 2010 | 92.0% | CA$4.05 Billion | CA$324.00 Million | CA$12.90 Billion | ▼ -1.0 pp |
| 2009 | 93.0% | CA$3.98 Billion | CA$279.00 Million | CA$12.14 Billion | ▼ -7.0 pp |
| 2008 | 100.0% | CA$3.85 Billion | CA$0.00 | CA$11.18 Billion | ▲ +20.1 pp |
| 2007 | 79.9% | CA$3.15 Billion | CA$635.00 Million | CA$10.27 Billion | ▼ -4.6 pp |
| 2006 | 84.5% | CA$1.84 Billion | CA$285.62 Million | CA$5.44 Billion | ▼ -2.5 pp |
| 2005 | 87.0% | CA$1.57 Billion | CA$204.17 Million | CA$4.54 Billion | ▲ +1.1 pp |
| 2004 | 85.9% | CA$1.36 Billion | CA$190.56 Million | CA$3.94 Billion | ▲ +2.8 pp |
| 2003 | 83.2% | CA$774.43 Million | CA$130.25 Million | CA$2.21 Billion | ▲ +5.0 pp |
| 2002 | 78.2% | CA$624.41 Million | CA$136.07 Million | CA$1.99 Billion | ▼ -0.7 pp |
| 2001 | 78.9% | CA$485.06 Million | CA$102.16 Million | CA$1.62 Billion | ▼ -3.7 pp |
| 2000 | 82.7% | CA$443.64 Million | CA$76.80 Million | CA$1.48 Billion | ▼ -0.1 pp |
| 1999 | 82.8% | CA$374.25 Million | CA$64.34 Million | CA$1.24 Billion | ▼ -17.2 pp |
| 1998 | 100.0% | CA$347.11 Million | CA$0.00 | CA$1.04 Billion | ▲ +0.0 pp |
| 1997 | 100.0% | CA$334.97 Million | CA$0.00 | CA$1.02 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | CA$313.69 Million | CA$0.00 | CA$916.41 Million | — |