Fortis (FTS) - Net assets

Net assets on the balance sheet as of September 2024 : $18.05 Billion USD

According to Fortis's latest financial reports the company has $18.05 Billion USD 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	$$17.59 B	4.5%
2022-12-31	$$16.83 B	2.57%
2021-12-31	$$16.41 B	3.17%
2020-12-31	$$15.90 B	3.3%
2019-12-31	$$15.39 B	13.66%
2018-12-31	$$13.54 B	1.7%
2017-12-31	$$13.32 B	8.83%
2016-12-31	$$12.24 B	64.02%
2015-12-31	$$7.46 B	-4.95%
2014-12-31	$$7.85 B	31.09%
2013-12-31	$$5.98 B	10.09%
2012-12-31	$$5.44 B	11.96%
2011-12-31	$$4.85 B	19.67%
2010-12-31	$$4.06 B	16.64%
2009-12-31	$$3.48 B	19.64%
2008-12-31	$$2.90 B	2.28%
2007-12-31	$$2.84 B	116.63%
2006-12-31	$$1.31 B	-2.77%
2005-12-31	$$1.35 B	19.53%
2004-12-31	$$1.12 B	89.26%
2003-12-31	$$0.59 B	50.67%
2002-12-31	$$0.39 B	29.89%
2001-12-31	$$0.30 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Huaneng Power 600011.SS	$28.73 B	59.15%	🇨🇳 China
Fortis FTS	$18.05 B	0.00%	🇨🇦 Canada
Hawaiian Electric Industries HE	$1.11 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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