Fortis (FTS) Balance Sheet: Assets & Liabilities

Fortis (FTS) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Fortis reported total assets of CAD 74.83B and total liabilities of CAD 48.96B. Shareholders' equity was CAD 25.87B, up 0.1% from CAD 25.85B a year earlier. Total debt stood at CAD 31.14B against CAD 367.00M in cash and short-term investments, a net debt position of CAD 30.77B. That puts debt-to-equity at 1.20, compared with 1.21 a year earlier.

Fortis Balance Sheet Analysis

Values in billions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Fortis Inc. (FTS) - Annual data in billions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	0.37	0.22	0.63	0.21	0.13	0.25	0.37	0.33	0.33
Cash & Short-Term Investments	0.37	0.22	0.63	0.21	0.13	0.25	0.37	0.33	0.33
Accounts Receivable	1.70	1.89	1.63	0.93	1.27	1.17	1.11	1.17	0.99
Inventory	0.65	0.69	0.57	0.66	0.48	0.42	0.39	0.40	0.37
Other Current Assets	0.18	0.18	1.21	1.49	0.85	0.77	0.71	1.36	0.52
Total Current Assets	3.81	3.80	4.03	4.27	2.73	2.61	2.57	3.26	2.21
Non-Current Assets
Property, Plant & Equipment (Net)	50.89	49.46	43.44	41.71	37.86	36.04	34.03	32.65	29.67
Long-Term Investments	0.46	0.26	0.57	0.20	0.33	0.26	0.23	0.24	0.19
Goodwill	12.53	13.11	12.18	12.46	11.72	11.79	12.00	12.53	11.64
Intangible Assets	1.72	1.66	1.51	1.55	1.34	1.29	1.26	1.20	1.08
Other Non-Current Assets	1.78	1.65	4.20	0.27	3.72	3.52	3.35	3.17	3.04
Total Non-Current Assets	71.03	69.69	63.39	59.98	56.28	54.16	52.22	51.19	46.96
Total Assets	74.83	73.49	67.41	64.25	59.01	56.77	54.80	54.45	49.17
Current Liabilities
Accounts Payable	3.50	3.35	0.99	0.89	0.76	0.89	0.97	0.96	0.84
Short-Term Debt	0.41	0.10	2.43	2.73	1.89	1.40	1.23	1.24	0.96
Current Portion of Long-Term Debt	3.15	1.99	2.30	2.48	1.63	-	-	-	-
Accrued Liabilities	0.32	0.31	0.27	0.25	-	-	-	-	-
Deferred Revenue	0.52	0.36	0.00	0.40	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	2.05	0.99	2.28	0.88	1.88	1.64	1.75	1.85	1.52
Total Current Liabilities	7.51	6.04	5.96	6.62	4.80	4.15	4.18	4.25	3.50
Non-Current Liabilities
Long-Term Debt	30.72	31.22	27.61	25.93	24.07	23.48	21.95	23.55	21.11
Deferred Tax Liabilities	5.29	5.02	5.89	4.06	4.98	4.63	4.36	4.09	3.64
Other Non-Current Liabilities	6.57	6.33	4.61	0.08	4.24	4.23	4.16	4.11	4.17
Total Non-Current Liabilities	41.45	41.60	38.12	34.79	33.29	32.34	30.51	31.74	28.91
Total Liabilities	48.96	47.63	44.08	41.41	38.10	36.49	34.68	35.99	32.42
Stockholders' Equity
Common Stock	16.11	15.59	15.11	14.66	14.24	13.82	13.65	11.89	11.58
Retained Earnings	4.97	4.52	4.11	3.73	3.46	3.21	2.92	2.08	1.73
Accumulated Other Comprehensive Income	1.10	2.07	0.65	1.01	-0.04	0.03	0.34	0.93	0.06
Additional Paid-in Capital	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Minority Interest	2.06	2.05	1.83	1.81	1.63	1.59	1.58	1.92	1.75
Shares Outstanding	0.51	0.50	0.49	0.48	-	-	-	-	-
Total Stockholders' Equity	25.87	25.85	21.51	21.03	19.29	18.70	18.53	16.53	15.00
Total Liabilities & Equity	74.83	73.49	67.41	64.25	59.01	56.77	54.80	54.45	49.17

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Fortis Balance Sheet

How much debt does Fortis have?

Fortis had total debt of CAD 31.14B as of Dec 31, 2025, against CAD 367.00M in cash and short-term investments. Its debt-to-equity ratio was 1.20. Total debt was CAD 31.32B a year earlier.

What are Fortis's total assets?

Fortis reported total assets of CAD 74.83B as of Dec 31, 2025, up 1.8% from CAD 73.49B a year earlier. Total liabilities were CAD 48.96B.

What is Fortis's shareholders' equity?

Fortis's shareholders' equity was CAD 25.87B as of Dec 31, 2025, or about CAD 50.99 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition