Fortis (FTS) - Net assets

Net assets on the balance sheet as of September 2024 : ₹1.539 Trillion

According to Fortis's latest financial reports the company has ₹1.539 Trillion 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	14.03%
2021-12-31	$₹1.221 T	5%
2020-12-31	$₹1.163 T	5.94%
2019-12-31	$₹1.098 T	15.92%
2018-12-31	$₹947.35 B	11.37%
2017-12-31	$₹850.61 B	2.26%
2016-12-31	$₹831.83 B	67.72%
2015-12-31	$₹495.96 B	-0.34%
2014-12-31	$₹497.63 B	34.48%
2013-12-31	$₹370.04 B	24.22%
2012-12-31	$₹297.88 B	15.88%
2011-12-31	$₹257.06 B	41.28%
2010-12-31	$₹181.95 B	12.64%
2009-12-31	$₹161.53 B	15.5%
2008-12-31	$₹139.85 B	25.27%
2007-12-31	$₹111.64 B	91.95%
2006-12-31	$₹58.16 B	-4.3%
2005-12-31	$₹60.77 B	24.2%
2004-12-31	$₹48.93 B	80.03%
2003-12-31	$₹27.18 B	43.05%
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	₹2.450 T	59.15%	🇨🇳 China
Fortis FTS	₹1.539 T	0.00%	🇨🇦 Canada
Hawaiian Electric Industries HE	₹134.48 B	-91.27%	🇺🇸 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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