Fortis Debt to Equity Ratio 2016-2024 | FTS

Current and historical debt to equity ratio values for Fortis (FTS) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Fortis debt/equity for the three months ending March 31, 2024 was 1.24.
Fortis Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2024-03-31 $32.30B $17.80B 1.81
2023-12-31 $31.55B $17.28B 1.83
2023-09-30 $31.85B $17.55B 1.82
2023-06-30 $30.42B $17.24B 1.77
2023-03-31 $30.71B $17.06B 1.80
2022-12-31 $31.85B $17.57B 1.81
2022-09-30 $31.52B $17.59B 1.79
2022-06-30 $29.83B $17.12B 1.74
2022-03-31 $29.38B $16.58B 1.77
2021-12-31 $29.32B $16.69B 1.76
2021-09-30 $28.89B $16.50B 1.75
2021-06-30 $28.80B $16.71B 1.72
2021-03-31 $27.86B $16.07B 1.73
2020-12-31 $26.28B $15.14B 1.74
2020-09-30 $26.77B $15.58B 1.72
2020-06-30 $25.27B $15.28B 1.65
2020-03-31 $26.55B $15.97B 1.66
2019-12-31 $25.09B $15.16B 1.66
2019-09-30 $25.63B $14.37B 1.78
2019-06-30 $24.59B $14.07B 1.75
2019-03-31 $25.87B $13.86B 1.87
2018-12-31 $26.69B $14.24B 1.87
2018-09-30 $24.83B $13.63B 1.82
2018-06-30 $25.10B $13.85B 1.81
2018-03-31 $25.17B $13.67B 1.84
2017-12-31 $23.97B $12.92B 1.86
2017-09-30 $23.90B $13.48B 1.77
2017-06-30 $22.64B $12.75B 1.78
2017-03-31 $23.41B $12.89B 1.82
2016-12-31 $23.75B $12.42B 1.91
2016-09-30 $14.62B $7.78B 1.88
2016-06-30 $14.20B $8.01B 1.77
2016-03-31 $13.00B $7.42B 1.75
2015-12-31 $14.45B $8.11B 1.78
2015-09-30 $0.00B 0.00
Sector Industry Market Cap Revenue
Utilities Utility - Electric Power Distribution $19.386B $8.531B
Fortis, Inc. is engaged in electric and gas utility business. The Company offers regulated utilities comprised of electric and gas as well as engages in non-regulated hydroelectric operations. It operates primarily in Canada, United States and Caribbean. Fortis, Inc. is based in St John's, Canada.
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