Fortis (FTS) - Net assets

Net assets on the balance sheet as of September 2024 : C$25.17 Billion

According to Fortis's latest financial reports the company has C$25.17 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Fortis - Net assets on balance sheet (from 2001 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$C$23.33 B	2.15%
2022-12-31	$C$22.84 B	9.21%
2021-12-31	$C$20.91 B	3.12%
2020-12-31	$C$20.28 B	0.85%
2019-12-31	$C$20.11 B	8.98%
2018-12-31	$C$18.45 B	10.19%
2017-12-31	$C$16.74 B	1.82%
2016-12-31	$C$16.45 B	58.89%
2015-12-31	$C$10.35 B	13.62%
2014-12-31	$C$9.11 B	42.91%
2013-12-31	$C$6.37 B	17.86%
2012-12-31	$C$5.41 B	9.45%
2011-12-31	$C$4.94 B	21.78%
2010-12-31	$C$4.05 B	10.81%
2009-12-31	$C$3.66 B	3.53%
2008-12-31	$C$3.53 B	24.67%
2007-12-31	$C$2.83 B	85.61%
2006-12-31	$C$1.52 B	-2.76%
2005-12-31	$C$1.57 B	15.87%
2004-12-31	$C$1.35 B	75.24%
2003-12-31	$C$0.77 B	23.75%
2002-12-31	$C$0.62 B	28.78%
2001-12-31	$C$0.48 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Huaneng Power 600011.SS	C$40.07 B	59.15%	🇨🇳 China
Fortis FTS	C$25.17 B	0.00%	🇨🇦 Canada
Hawaiian Electric Industries HE	C$1.56 B	-93.80%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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