Fortis (FTS) - Net assets

Net assets on the balance sheet as of September 2024 : S$24.30 Billion

According to Fortis's latest financial reports the company has S$24.30 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	$S$23.23 B	2.95%
2022-12-31	$S$22.56 B	1.71%
2021-12-31	$S$22.18 B	5.43%
2020-12-31	$S$21.04 B	1.37%
2019-12-31	$S$20.76 B	12.17%
2018-12-31	$S$18.50 B	3.88%
2017-12-31	$S$17.81 B	0.57%
2016-12-31	$S$17.71 B	67.82%
2015-12-31	$S$10.55 B	1.75%
2014-12-31	$S$10.37 B	36.72%
2013-12-31	$S$7.58 B	14.06%
2012-12-31	$S$6.65 B	5.72%
2011-12-31	$S$6.29 B	20.32%
2010-12-31	$S$5.23 B	7.02%
2009-12-31	$S$4.88 B	17.45%
2008-12-31	$S$4.16 B	1.65%
2007-12-31	$S$4.09 B	103.29%
2006-12-31	$S$2.01 B	-10.45%
2005-12-31	$S$2.24 B	22%
2004-12-31	$S$1.84 B	81.73%
2003-12-31	$S$1.01 B	47.53%
2002-12-31	$S$0.68 B	21.75%
2001-12-31	$S$0.56 B

Net assets for similar companies or competitors

Company	Net assets	differencediff.	Country
Huaneng Power 600011.SS	S$38.68 B	59.15%	🇨🇳 China
Fortis FTS	S$24.30 B	0.00%	🇨🇦 Canada
Hawaiian Electric Industries HE	S$1.50 B	-93.80%	🇺🇸 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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