Fortis (TSX:FTS) Total Assets : C$73,486 Mil (As of Dec. 2024)

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What is Fortis Total Assets?

Fortis's Total Assets for the quarter that ended in Dec. 2024 was C$73,486 Mil.

Warning Sign:

If a company builds assets at 6.6% a year, faster than its revenue growth rate of 4.4% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Fortis's average Total Assets Growth Rate was 12.20% per year. During the past 3 years, the average Total Assets Growth Rate was 8.40% per year. During the past 5 years, the average Total Assets Growth Rate was 6.60% per year. During the past 10 years, the average Total Assets Growth Rate was 9.30% per year.

During the past 13 years, Fortis's highest 3-Year average Total Assets Growth Rate was 38.70%. The lowest was 3.00%. And the median was 14.60%.

Total Assets is connected with ROA %. Fortis's annualized ROA % for the quarter that ended in Dec. 2024 was 2.32%. Total Assets is also linked to Revenue through Asset Turnover. Fortis's Asset Turnover for the quarter that ended in Dec. 2024 was 0.04.

Fortis Total Assets Historical Data

The historical data trend for Fortis's Total Assets 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.

* Premium members only.

Fortis Total Assets Chart

Fortis Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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55,481.00

57,659.00

64,252.00

65,920.00

73,486.00

Fortis Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															65,920.00	67,584.00	68,772.00	69,642.00	73,486.00

Fortis Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Fortis's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	25853	+	47633
	=	73,486

Fortis's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	25853	+	47633
	=	73,486

Fortis (TSX:FTS) Total Assets Explanation

Total Assets is connected with ROA %.

Fortis's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	1660	/	( (69642	+	73486)	/ 2 )
	=	1660	/	71564
	=	2.32 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Fortis's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	2949	/	( (69642	+	73486)	/ 2 )
=	2949	/	71564
=	0.04

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Fortis Total Assets Related Terms

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Fortis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (TSX:FTS) » Definitions » Total Assets

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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.

Executives

Stuart Lochray	Senior Officer
James Reid	Senior Officer
Gary Joseph Smith	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Jocelyn Perry	Senior Officer
David Gerard Hutchens	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Margarita Dilley	Director
Pierre J. Blouin	Director
Tracey Colleen Ball	Director
Julie Dobson	Director
Kevin Woodbury	Senior Officer
Keri Linda Glitch	Senior Officer
James P. Laurito	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Lawrence Borgard	Director
Brian Slocum	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Ronald Hinsley	Senior Officer