Fortis (FTS) - Net assets

Net assets on the balance sheet as of June 2024 : ₹1.510 T

According to Fortis's latest financial reports the company has ₹1.510 T 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	$₹1.464 T	5.13%
2022-12-31	$₹1.392 T	13.1%
2021-12-31	$₹1.231 T	6.05%
2020-12-31	$₹1.161 T	5.16%
2019-12-31	$₹1.104 T	17.35%
2018-12-31	$₹941.08 B	10.64%
2017-12-31	$₹850.61 B	2.26%
2016-12-31	$₹831.83 B	67.92%
2015-12-31	$₹495.36 B	-0.37%
2014-12-31	$₹497.18 B	34.23%
2013-12-31	$₹370.38 B	24.6%
2012-12-31	$₹297.25 B	15.63%
2011-12-31	$₹257.06 B	41.41%
2010-12-31	$₹181.79 B	12.25%
2009-12-31	$₹161.95 B	12.52%
2008-12-31	$₹143.94 B	26.11%
2007-12-31	$₹114.13 B	96.24%
2006-12-31	$₹58.16 B	-4.3%
2005-12-31	$₹60.77 B	24.25%
2004-12-31	$₹48.91 B	81.52%
2003-12-31	$₹26.94 B	41.83%
2002-12-31	$₹19.00 B	29.09%
2001-12-31	$₹14.71 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Huaneng Power 600011.SS	₹2.037 T	34.86%	🇨🇳 China
Fortis FTS	₹1.510 T	0.00%	🇨🇦 Canada
Hawaiian Electric Industries HE	₹93.92 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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