Fortis (FTS) - Net assets

Net assets on the balance sheet as of September 2024 : NZ$32.02 Billion

According to Fortis's latest financial reports the company has NZ$32.02 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	$NZ$27.81 B	4.91%
2022-12-31	$NZ$26.51 B	10.35%
2021-12-31	$NZ$24.02 B	8.98%
2020-12-31	$NZ$22.04 B	-3.58%
2019-12-31	$NZ$22.86 B	13.21%
2018-12-31	$NZ$20.19 B	7.68%
2017-12-31	$NZ$18.75 B	6.15%
2016-12-31	$NZ$17.67 B	62.06%
2015-12-31	$NZ$10.90 B	8.81%
2014-12-31	$NZ$10.02 B	37.49%
2013-12-31	$NZ$7.28 B	10.21%
2012-12-31	$NZ$6.61 B	6.22%
2011-12-31	$NZ$6.22 B	18.3%
2010-12-31	$NZ$5.26 B	9.81%
2009-12-31	$NZ$4.79 B	-4.41%
2008-12-31	$NZ$5.01 B	35.01%
2007-12-31	$NZ$3.71 B	99.24%
2006-12-31	$NZ$1.86 B	-5.67%
2005-12-31	$NZ$1.97 B	24.79%
2004-12-31	$NZ$1.58 B	72.42%
2003-12-31	$NZ$0.91 B	21.3%
2002-12-31	$NZ$0.75 B	3.06%
2001-12-31	$NZ$0.73 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Huaneng Power 600011.SS	NZ$50.97 B	59.15%	🇨🇳 China
Fortis FTS	NZ$32.02 B	0.00%	🇨🇦 Canada
Hawaiian Electric Industries HE	NZ$2.79 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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