Fortis Inc (FTS.TO)
55.30
+0.32
(+0.58%)
CAD |
TSX |
Sep 20, 16:00
Fortis Debt to Equity Ratio: 1.364 for June 30, 2023
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| June 30, 2023 | 1.364 |
| March 31, 2023 | 1.372 |
| December 31, 2022 | 1.363 |
| September 30, 2022 | 1.360 |
| June 30, 2022 | 1.324 |
| March 31, 2022 | 1.338 |
| December 31, 2021 | 1.326 |
| September 30, 2021 | 1.319 |
| June 30, 2021 | 1.316 |
| March 31, 2021 | 1.310 |
| December 31, 2020 | 1.310 |
| September 30, 2020 | 1.298 |
| June 30, 2020 | 1.259 |
| March 31, 2020 | 1.253 |
| December 31, 2019 | 1.225 |
| September 30, 2019 | 1.346 |
| June 30, 2019 | 1.328 |
| March 31, 2019 | 1.453 |
| December 31, 2018 | 1.460 |
| September 30, 2018 | 1.408 |
| June 30, 2018 | 1.416 |
| March 31, 2018 | 1.437 |
| December 31, 2017 | 1.444 |
| September 30, 2017 | 1.399 |
| June 30, 2017 | 1.416 |
| Date | Value |
|---|---|
| March 31, 2017 | 1.440 |
| December 31, 2016 | 1.526 |
| September 30, 2016 | 1.258 |
| June 30, 2016 | 1.197 |
| March 31, 2016 | 1.168 |
| December 31, 2015 | 1.188 |
| September 30, 2015 | 1.219 |
| June 30, 2015 | 1.258 |
| March 31, 2015 | 1.259 |
| December 31, 2014 | 1.245 |
| September 30, 2014 | 1.965 |
| June 30, 2014 | 1.283 |
| March 31, 2014 | 1.274 |
| December 31, 2013 | 1.236 |
| September 30, 2013 | 1.222 |
| June 30, 2013 | 1.254 |
| March 31, 2013 | 1.169 |
| December 31, 2012 | 1.193 |
| September 30, 2012 | 1.245 |
| June 30, 2012 | 1.250 |
| March 31, 2012 | 1.242 |
| December 31, 2011 | 1.266 |
| September 30, 2011 | 1.306 |
| June 30, 2011 | 1.278 |
| March 31, 2011 | 1.469 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
1.225
Minimum
Dec 2019
1.460
Maximum
Dec 2018
1.337
Average
1.327
Median
Debt to Equity Ratio Benchmarks
| Boralex Inc | 1.945 |
| Innergex Renewable Energy Inc | 4.892 |
| Berkley Renewables Inc | -- |
| Algonquin Power & Utilities Corp | 1.559 |
| Synex Renewable Energy Corp | 4.209 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 64.08B |
| Total Liabilities (Quarterly) | 40.90B |
| Shareholders Equity (Quarterly) | 21.38B |
| Current Ratio | 0.7863 |
| Net Debt Paydown Yield | -2.35% |