Fortis Inc
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 452,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 105,000 retail customers in southeastern Arizona with an aggregate capacity of 3,442 megawatts (MW). The com… Read more
Fortis Inc (FTS) - Total Assets
Latest total assets as of December 2025: $74.83 Billion USD
Based on the latest financial reports, Fortis Inc (FTS) holds total assets worth $74.83 Billion USD as of December 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Fortis Inc - Total Assets Trend (1995–2025)
This chart illustrates how Fortis Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Fortis Inc - Asset Composition Analysis
Current Asset Composition (December 2025)
Fortis Inc's total assets of $74.83 Billion consist of 5.1% current assets and 94.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.5% |
| Accounts Receivable | $1.70 Billion | 2.3% |
| Inventory | $649.00 Million | 0.9% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $1.72 Billion | 2.3% |
| Goodwill | $12.53 Billion | 16.7% |
Asset Composition Trend (1995–2025)
This chart illustrates how Fortis Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Fortis Inc's current assets represent 5.1% of total assets in 2025, a decrease from 7.9% in 1995.
- Cash Position: Cash and equivalents constituted 0.5% of total assets in 2025, down from 0.6% in 1995.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 18.0% of total assets, an increase from 2.0% in 1995.
- Asset Diversification: The largest asset category is goodwill at 16.7% of total assets.
Fortis Inc Competitors by Total Assets
Key competitors of Fortis Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Energy Group Co Ltd
SHE:000027
|
China | CN¥170.98 Billion |
|
Shenzhen Nanshan Power Co Ltd
SHE:000037
|
China | CN¥2.01 Billion |
|
Guangzhou Hengyun Enterprises Holding Ltd
SHE:000531
|
China | CN¥18.55 Billion |
|
An Hui Wenergy Co Ltd
SHE:000543
|
China | CN¥68.20 Billion |
|
Jointo Energy Investment Co Ltd Hebei
SHE:000600
|
China | CN¥48.23 Billion |
|
Guangdong Shaoneng Group Co Ltd
SHE:000601
|
China | CN¥13.13 Billion |
|
Tianjin Binhai Energy & Development Co Ltd
SHE:000695
|
China | CN¥1.62 Billion |
|
Shanxi Zhangze Electric Power Co Ltd
SHE:000767
|
China | CN¥58.81 Billion |
Fortis Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Fortis Inc generates 0.16x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Fortis Inc generates $ 2.40 in net profit.
Fortis Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.51 | 0.63 | 0.65 |
| Quick Ratio | 0.42 | 0.52 | 0.56 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-3.71 Billion | $ -2.24 Billion | $ -1.49 Billion |
Fortis Inc - Advanced Valuation Insights
This section examines the relationship between Fortis Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.77 |
| Latest Market Cap to Assets Ratio | 0.39 |
| Asset Growth Rate (YoY) | 1.8% |
| Total Assets | $74.83 Billion |
| Market Capitalization | $28.84 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Fortis Inc's assets below their book value (0.39 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Fortis Inc's assets grew by 1.8% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Fortis Inc (1995–2025)
The table below shows the annual total assets of Fortis Inc from 1995 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $74.83 Billion | +1.83% |
| 2024-12-31 | $73.49 Billion | +11.48% |
| 2023-12-31 | $65.92 Billion | +2.60% |
| 2022-12-31 | $64.25 Billion | +11.43% |
| 2021-12-31 | $57.66 Billion | +3.93% |
| 2020-12-31 | $55.48 Billion | +3.89% |
| 2019-12-31 | $53.40 Billion | +0.67% |
| 2018-12-31 | $53.05 Billion | +10.93% |
| 2017-12-31 | $47.82 Billion | -0.17% |
| 2016-12-31 | $47.90 Billion | +66.31% |
| 2015-12-31 | $28.80 Billion | +9.80% |
| 2014-12-31 | $26.23 Billion | +46.49% |
| 2013-12-31 | $17.91 Billion | +19.79% |
| 2012-12-31 | $14.95 Billion | +10.23% |
| 2011-12-31 | $13.56 Billion | +5.11% |
| 2010-12-31 | $12.90 Billion | +6.11% |
| 2009-12-31 | $12.16 Billion | +8.79% |
| 2008-12-31 | $11.18 Billion | +8.81% |
| 2007-12-31 | $10.27 Billion | +88.58% |
| 2006-12-31 | $5.45 Billion | +26.21% |
| 2005-12-31 | $4.32 Billion | +12.46% |
| 2004-12-31 | $3.84 Billion | +73.62% |
| 2003-12-31 | $2.21 Billion | +11.25% |
| 2002-12-31 | $1.99 Billion | +22.30% |
| 2001-12-31 | $1.62 Billion | +9.88% |
| 2000-12-31 | $1.48 Billion | +18.90% |
| 1999-12-31 | $1.24 Billion | +19.90% |
| 1998-12-31 | $1.04 Billion | +1.95% |
| 1997-12-31 | $1.02 Billion | +11.02% |
| 1995-12-31 | $916.41 Million | -- |