Fortis Inc.

Fortis Inc.verified

FTS

Price:

$44.59

Market Cap:

$29.96B

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,065,000 residential, commercial, and industrial customers in Bri...[Read more]

Industry

Regulated Electric

IPO Date

2010-01-05

Stock Exchange

NYSE

Ticker

FTS

The Current Ratio as of September 2024 (TTM) for Fortis Inc. (FTS) is 0.69

According to Fortis Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.69. This represents a change of 2.96% compared to the average of 0.67 of the last 4 quarters.

Fortis Inc. (FTS) Historical Current Ratio (quarterly & annually)

How has FTS Current Ratio performed in the past?

The mean historical Current Ratio of Fortis Inc. over the last ten years is 0.65. The current 0.69 Current Ratio has changed 10.48% with respect to the historical average. Over the past ten years (40 quarters), FTS's Current Ratio was at its highest in in the June 2015 quarter at 1.02. The Current Ratio was at its lowest in in the June 2017 quarter at 0.51.

Quarterly (TTM)
Annual

Average

0.65

Median

0.64

Minimum

0.55

Maximum

0.77

Fortis Inc. (FTS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Fortis Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 21.76%

Maximum Annual Current Ratio = 0.77

Minimum Annual Increase = -21.98%

Minimum Annual Current Ratio = 0.55

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.674.61%
20220.6513.56%
20210.57-9.78%
20200.632.16%
20190.62-19.63%
20180.7721.76%
20170.6314.69%
20160.55-21.98%
20150.70-3.75%
20140.7317.61%

Fortis Inc. (FTS) Average Current Ratio

How has FTS Current Ratio performed in the past?

The current Current Ratio of Fortis Inc. (FTS) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.63

5-year avg

0.63

10-year avg

0.65

Fortis Inc. (FTS) Current Ratio vs. Peers

How is FTS’s Current Ratio compared to its peers?

Fortis Inc.’s Current Ratio is less than CMS Energy Corporation (0), less than Ameren Corporation (1.18), greater than Pinnacle West Capital Corporation (0.67), greater than MGE Energy, Inc. (0.55), less than Evergy, Inc. (1.32), greater than Alliant Energy Corporation (0.59), greater than CenterPoint Energy, Inc. (0.65), less than FirstEnergy Corp. (1.20), greater than Edison International (0.51), less than Public Service Enterprise Group Incorporated (1.03), greater than Entergy Corporation (0.65), less than null (0.90),

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Frequently asked questions❓

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