Fortis (Fortis) Debt-to-Revenue : 2.60 (As of Dec. 2023)

Fortis Debt-to-Revenue Chart

Fortis Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Revenue		Get a 7-Day Free Trial					2.64	2.78	2.75	2.63	2.61

Fortis Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Revenue	Get a 7-Day Free Trial															2.29	2.23	2.84	2.79	2.60

Competitive Comparison of Fortis's Debt-to-Revenue

For the Utilities - Regulated Electric subindustry, Fortis's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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-Revenue Distribution in the Utilities - Regulated Industry

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

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

Fortis Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

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

Fortis's annualized Debt-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Dec. 2023) Revenue data.

Fortis Debt-to-Revenue Related Terms

Thank you for viewing the detailed overview of Fortis's Debt-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortis (Fortis) Business Description