Fortis annual net debt
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Fortis Net Debt Growth & History (FTS)
Fortis's net debt was $34.33B for fiscal 2025.
View full Fortis company overviewFortis annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $34.33B | $824.0M | +2.46% |
| 2024 | 2024-12-31 | $33.50B | $4.08B | +13.89% |
| 2023 | 2023-12-31 | $29.42B | $581.0M | +2.01% |
| 2022 | 2022-12-31 | $28.84B | $3.01B | +11.65% |
| 2021 | 2021-12-31 | $25.83B | $1.21B | +4.89% |
| 2020 | 2020-12-31 | $24.62B | $1.81B | +7.92% |
| 2019 | 2019-12-31 | $22.82B | −$1.64B | −6.70% |
| 2018 | 2018-12-31 | $24.45B | $2.72B | +12.49% |
| 2017 | 2017-12-31 | $21.74B | −$751.0M | −3.34% |
| 2016 | 2016-12-31 | $22.49B | $10.54B | +88.20% |
| 2015 | 2015-12-31 | $11.95B | — | — |
Fortis quarterly net debt
Q4.16
Q2.17
Q4.17
Q2.18
Q4.18
Q2.19
Q4.19
Q2.20
Q4.20
Q2.21
Q4.21
Q2.22
Q4.22
Q2.23
Q4.23
Q2.24
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $35.94B | $2.35B | +7.01% |
| Q1 2026 | 2026-03-31 | $35.05B | — | — |
| Q4 2025 | 2025-12-31 | $34.33B | $824.0M | +2.46% |
| Q3 2025 | 2025-09-30 | $34.03B | — | — |
| Q2 2025 | 2025-06-30 | $33.59B | $2.44B | +7.84% |
| Q4 2024 | 2024-12-31 | $33.50B | $4.08B | +13.89% |
| Q2 2024 | 2024-06-30 | $31.15B | $2.33B | +8.08% |
| Q4 2023 | 2023-12-31 | $29.42B | $581.0M | +2.01% |
| Q2 2023 | 2023-06-30 | $28.82B | $2.11B | +7.90% |
| Q4 2022 | 2022-12-31 | $28.84B | $3.01B | +11.65% |
| Q2 2022 | 2022-06-30 | $26.71B | $2.04B | +8.28% |
| Q4 2021 | 2021-12-31 | $25.83B | $1.21B | +4.89% |
| Q2 2021 | 2021-06-30 | $24.66B | $43.0M | +0.17% |
| Q4 2020 | 2020-12-31 | $24.62B | $1.81B | +7.92% |
| Q2 2020 | 2020-06-30 | $24.62B | $1.29B | +5.54% |
| Q4 2019 | 2019-12-31 | $22.82B | −$1.64B | −6.70% |
| Q2 2019 | 2019-06-30 | $23.33B | $186.0M | +0.80% |
| Q4 2018 | 2018-12-31 | $24.45B | $2.72B | +12.49% |
| Q2 2018 | 2018-06-30 | $23.14B | $1.18B | +5.39% |
| Q4 2017 | 2017-12-31 | $21.74B | −$751.0M | −3.34% |
| Q2 2017 | 2017-06-30 | $21.96B | — | — |
| Q4 2016 | 2016-12-31 | $22.49B | — | — |
Fortis net debt trends
Over the last five fiscal years, Fortis's net debt increased from $24.62B to $34.33B, a change of $9.70B. The latest reported quarter, Q2 2026, shows $35.94B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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