Fortis (FTS) - Net assets

Net assets on the balance sheet as of September 2024 : A$29.07 Billion

According to Fortis's latest financial reports the company has A$29.07 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	$A$25.81 B	4.38%
2022-12-31	$A$24.73 B	9.27%
2021-12-31	$A$22.63 B	9.42%
2020-12-31	$A$20.68 B	-5.94%
2019-12-31	$A$21.99 B	14.37%
2018-12-31	$A$19.23 B	12.71%
2017-12-31	$A$17.06 B	0.48%
2016-12-31	$A$16.98 B	65.76%
2015-12-31	$A$10.24 B	6.78%
2014-12-31	$A$9.59 B	42.88%
2013-12-31	$A$6.71 B	28.27%
2012-12-31	$A$5.23 B	10.46%
2011-12-31	$A$4.73 B	18.55%
2010-12-31	$A$3.99 B	3.15%
2009-12-31	$A$3.87 B	-6.04%
2008-12-31	$A$4.12 B	26.75%
2007-12-31	$A$3.25 B	95.32%
2006-12-31	$A$1.66 B	-9.75%
2005-12-31	$A$1.84 B	26.42%
2004-12-31	$A$1.46 B	81.79%
2003-12-31	$A$0.80 B	14.2%
2002-12-31	$A$0.70 B	17.66%
2001-12-31	$A$0.59 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Huaneng Power 600011.SS	A$46.27 B	59.15%	🇨🇳 China
Fortis FTS	A$29.07 B	0.00%	🇨🇦 Canada
Hawaiian Electric Industries HE	A$2.53 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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