FTS (Fortis) Debt-to-Asset : 0.46 (As of Sep. 2024)

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What is Fortis Debt-to-Asset?

Fortis's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,449 Mil. Fortis's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $22,187 Mil. Fortis's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $51,411 Mil. Fortis's debt to asset for the quarter that ended in Sep. 2024 was 0.46.

Fortis Debt-to-Asset Historical Data

The historical data trend for Fortis's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortis Debt-to-Asset Chart

Fortis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.43

0.45

0.46

Fortis Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.46	0.46	0.46	0.46	0.46

Competitive Comparison of Fortis's Debt-to-Asset

For the Utilities - Regulated Electric subindustry, Fortis's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fortis's Debt-to-Asset Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Fortis's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Fortis's Debt-to-Asset falls into.

Fortis Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Fortis's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1800.089	+	20582.141)	/	49135.361
	=	0.46

Fortis's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1449.136	+	22187.362)	/	51411.487
	=	0.46

Fortis (NYSE:FTS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Fortis Debt-to-Asset Related Terms

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Fortis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (NYSE:FTS) » Definitions » Debt-to-Asset

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FORFF.PFD:USA FTRSF.PFD:USA 12F:Germany 12F:Germany FTS.PR.M.PFD:Canada FTS.PR.K.PFD:Canada FTS.PR.J.PFD:Canada FTS.PR.I.PFD:Canada FTS.PR.H.PFD:Canada FTS.PR.G.PFD:Canada FTS.PR.F.PFD:Canada FTS:Canada

Address

5 Springdale Street, Suite 1100, Fortis Place, Saint John’s, NL, CAN, A1E 0E4

Website

https://www.fortisinc.com

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.