Fortis (FTS) - Net assets

Net assets on the balance sheet as of June 2024 : HK$139.99 Billion

According to Fortis's latest financial reports the company has HK$139.99 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	$HK$137.38 B	4.46%
2022-12-31	$HK$131.52 B	2.77%
2021-12-31	$HK$127.97 B	3.77%
2020-12-31	$HK$123.32 B	2.82%
2019-12-31	$HK$119.93 B	13.04%
2018-12-31	$HK$106.09 B	1.94%
2017-12-31	$HK$104.08 B	9.65%
2016-12-31	$HK$94.92 B	64.1%
2015-12-31	$HK$57.84 B	-5.02%
2014-12-31	$HK$60.90 B	31.13%
2013-12-31	$HK$46.44 B	10.14%
2012-12-31	$HK$42.17 B	11.73%
2011-12-31	$HK$37.74 B	19.44%
2010-12-31	$HK$31.60 B	17.07%
2009-12-31	$HK$26.99 B	20.05%
2008-12-31	$HK$22.48 B	1.37%
2007-12-31	$HK$22.18 B	117.17%
2006-12-31	$HK$10.21 B	-2.46%
2005-12-31	$HK$10.47 B	19.26%
2004-12-31	$HK$8.78 B	89.75%
2003-12-31	$HK$4.62 B	49.76%
2002-12-31	$HK$3.08 B	29.91%
2001-12-31	$HK$2.37 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Huaneng Power 600011.SS	HK$223.42 B	59.60%	🇨🇳 China
Fortis FTS	HK$139.99 B	0.00%	🇨🇦 Canada
Hawaiian Electric Industries HE	HK$8.70 B	-93.78%	🇺🇸 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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