Fortis Current Deferred Revenue vs Net Debt Analysis

FTS Stock

USD 51.90 0.04 0.08%

Fortis financial indicator trend analysis is much more than just examining Fortis Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortis Inc is a good investment. Please check the relationship between Fortis Current Deferred Revenue and its Net Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Current Deferred Revenue vs Net Debt

Current Deferred Revenue vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortis Inc Current Deferred Revenue account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Fortis' Current Deferred Revenue and Net Debt is 0.47. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Net Debt in the same time period over historical financial statements of Fortis Inc, assuming nothing else is changed. The correlation between historical values of Fortis' Current Deferred Revenue and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Fortis Inc are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Current Deferred Revenue i.e., Fortis' Current Deferred Revenue and Net Debt go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Fortis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortis Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortis Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Selling General Administrative is likely to gain to about 789.8 K in 2026, whereas Tax Provision is likely to drop slightly above 302.1 M in 2026.

	2023	2024	2025	2026 (projected)
Gross Profit	7.7B	8.3B	9.5B	10.0B
Total Revenue	11.5B	11.5B	13.2B	13.9B

Gross Profit Total Revenue

Fortis fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		1.0	0.98	0.98	1.0	1.0	0.47	1.0	0.94	0.47	1.0	0.98	0.47	0.96	0.96	0.96	0.98	1.0	0.97	0.89	0.07	1.0	0.97	0.96	0.92	0.99
Short Long Term Debt Total	1.0		0.98	0.98	0.99	1.0	0.47	1.0	0.94	0.47	1.0	0.97	0.47	0.96	0.96	0.96	0.97	1.0	0.97	0.89	0.06	1.0	0.97	0.96	0.91	0.99
Other Current Liab	0.98	0.98		0.97	0.98	0.98	0.47	0.98	0.91	0.5	0.98	0.95	0.5	0.95	0.95	0.96	0.98	0.98	0.95	0.92	0.05	0.98	0.93	0.97	0.91	0.98
Total Current Liabilities	0.98	0.98	0.97		0.98	0.98	0.53	0.98	0.94	0.46	0.98	0.96	0.46	0.99	0.92	0.93	0.95	0.97	0.98	0.93	0.06	0.98	0.98	0.99	0.97	0.96
Total Stockholder Equity	1.0	0.99	0.98	0.98		1.0	0.47	0.99	0.94	0.47	1.0	0.98	0.47	0.96	0.95	0.97	0.98	1.0	0.97	0.89	0.07	1.0	0.97	0.96	0.92	0.99
Property Plant And Equipment Net	1.0	1.0	0.98	0.98	1.0		0.48	1.0	0.96	0.45	1.0	0.99	0.45	0.97	0.94	0.95	0.97	1.0	0.98	0.89	0.07	1.0	0.98	0.96	0.92	0.98
Current Deferred Revenue	0.47	0.47	0.47	0.53	0.47	0.48		0.47	0.58	0.16	0.47	0.53	0.16	0.56	0.38	0.4	0.42	0.47	0.58	0.46	-0.17	0.48	0.48	0.53	0.54	0.43
Net Debt	1.0	1.0	0.98	0.98	0.99	1.0	0.47		0.94	0.46	1.0	0.97	0.46	0.96	0.96	0.96	0.97	1.0	0.97	0.89	0.06	1.0	0.97	0.96	0.91	0.99
Accounts Payable	0.94	0.94	0.91	0.94	0.94	0.96	0.58	0.94		0.4	0.94	0.98	0.4	0.96	0.83	0.85	0.92	0.94	0.95	0.86	-0.06	0.94	0.96	0.93	0.87	0.91
Cash	0.47	0.47	0.5	0.46	0.47	0.45	0.16	0.46	0.4		0.47	0.42	1.0	0.44	0.53	0.54	0.51	0.47	0.39	0.4	0.04	0.47	0.37	0.5	0.43	0.51
Non Current Assets Total	1.0	1.0	0.98	0.98	1.0	1.0	0.47	1.0	0.94	0.47		0.98	0.47	0.96	0.96	0.97	0.98	1.0	0.97	0.89	0.07	1.0	0.97	0.96	0.91	0.99
Non Currrent Assets Other	0.98	0.97	0.95	0.96	0.98	0.99	0.53	0.97	0.98	0.42	0.98		0.42	0.98	0.89	0.91	0.96	0.98	0.97	0.87	-0.04	0.98	0.97	0.95	0.9	0.95
Cash And Short Term Investments	0.47	0.47	0.5	0.46	0.47	0.45	0.16	0.46	0.4	1.0	0.47	0.42		0.44	0.53	0.54	0.51	0.47	0.39	0.4	0.04	0.47	0.37	0.5	0.43	0.51
Net Receivables	0.96	0.96	0.95	0.99	0.96	0.97	0.56	0.96	0.96	0.44	0.96	0.98	0.44		0.87	0.89	0.94	0.96	0.98	0.93	-0.04	0.97	0.97	0.99	0.96	0.94
Good Will	0.96	0.96	0.95	0.92	0.95	0.94	0.38	0.96	0.83	0.53	0.96	0.89	0.53	0.87		0.98	0.95	0.96	0.88	0.83	0.1	0.96	0.87	0.89	0.84	0.97
Common Stock Total Equity	0.96	0.96	0.96	0.93	0.97	0.95	0.4	0.96	0.85	0.54	0.97	0.91	0.54	0.89	0.98		0.97	0.96	0.9	0.83	0.19	0.96	0.89	0.9	0.87	0.99
Common Stock Shares Outstanding	0.98	0.97	0.98	0.95	0.98	0.97	0.42	0.97	0.92	0.51	0.98	0.96	0.51	0.94	0.95	0.97		0.98	0.93	0.88	0.01	0.98	0.93	0.94	0.88	0.99
Non Current Liabilities Total	1.0	1.0	0.98	0.97	1.0	1.0	0.47	1.0	0.94	0.47	1.0	0.98	0.47	0.96	0.96	0.96	0.98		0.97	0.89	0.06	1.0	0.97	0.96	0.9	0.99
Inventory	0.97	0.97	0.95	0.98	0.97	0.98	0.58	0.97	0.95	0.39	0.97	0.97	0.39	0.98	0.88	0.9	0.93	0.97		0.9	0.05	0.97	0.98	0.97	0.94	0.94
Other Current Assets	0.89	0.89	0.92	0.93	0.89	0.89	0.46	0.89	0.86	0.4	0.89	0.87	0.4	0.93	0.83	0.83	0.88	0.89	0.9		0.02	0.89	0.89	0.96	0.9	0.87
Other Stockholder Equity	0.07	0.06	0.05	0.06	0.07	0.07	-0.17	0.06	-0.06	0.04	0.07	-0.04	0.04	-0.04	0.1	0.19	0.01	0.06	0.05	0.02		0.07	0.07	0.02	0.11	0.07
Total Liab	1.0	1.0	0.98	0.98	1.0	1.0	0.48	1.0	0.94	0.47	1.0	0.98	0.47	0.97	0.96	0.96	0.98	1.0	0.97	0.89	0.07		0.97	0.96	0.92	0.99
Property Plant And Equipment Gross	0.97	0.97	0.93	0.98	0.97	0.98	0.48	0.97	0.96	0.37	0.97	0.97	0.37	0.97	0.87	0.89	0.93	0.97	0.98	0.89	0.07	0.97		0.96	0.94	0.94
Total Current Assets	0.96	0.96	0.97	0.99	0.96	0.96	0.53	0.96	0.93	0.5	0.96	0.95	0.5	0.99	0.89	0.9	0.94	0.96	0.97	0.96	0.02	0.96	0.96		0.95	0.94
Short Term Debt	0.92	0.91	0.91	0.97	0.92	0.92	0.54	0.91	0.87	0.43	0.91	0.9	0.43	0.96	0.84	0.87	0.88	0.9	0.94	0.9	0.11	0.92	0.94	0.95		0.9
Common Stock	0.99	0.99	0.98	0.96	0.99	0.98	0.43	0.99	0.91	0.51	0.99	0.95	0.51	0.94	0.97	0.99	0.99	0.99	0.94	0.87	0.07	0.99	0.94	0.94	0.9

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Fortis Account Relationship Matchups

Fortis fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	57.7B	64.3B	65.9B	73.5B	84.5B	88.7B
Short Long Term Debt Total	25.9B	29.0B	30.0B	33.7B	38.8B	40.7B
Other Current Liab	1.6B	2.2B	2.0B	2.2B	2.5B	2.6B
Total Current Liabilities	4.8B	6.6B	6.0B	6.0B	6.9B	7.3B
Total Stockholder Equity	19.3B	21.0B	21.5B	23.8B	27.4B	28.7B
Property Plant And Equipment Net	37.9B	41.7B	43.4B	49.5B	56.9B	59.8B
Current Deferred Revenue	288M	401M	263M	360M	414M	434.7M
Net Debt	25.8B	28.8B	29.4B	33.5B	38.5B	40.4B
Accounts Payable	774M	886M	990M	1.1B	1.3B	1.4B
Cash	131M	209M	625M	220M	253M	155.8M
Non Current Assets Total	54.9B	60.0B	61.9B	69.7B	80.1B	84.2B
Non Currrent Assets Other	3.8B	3.9B	4.3B	4.9B	5.6B	5.9B
Cash And Short Term Investments	131M	209M	625M	220M	253M	155.7M
Net Receivables	1.3B	1.8B	1.6B	1.7B	1.9B	2.0B
Good Will	11.7B	12.5B	12.2B	13.1B	15.1B	15.8B
Common Stock Shares Outstanding	471.4M	479M	486.5M	495.2M	569.5M	598.0M
Liabilities And Stockholders Equity	57.7B	64.3B	65.9B	73.5B	84.5B	88.7B
Non Current Liabilities Total	31.9B	34.8B	36.6B	41.6B	47.8B	50.2B
Inventory	478M	661M	566M	685M	787.8M	827.1M
Other Current Assets	850M	1.6B	1.2B	1.2B	1.4B	1.5B
Total Liab	36.7B	41.4B	42.6B	47.6B	54.8B	57.5B
Property Plant And Equipment Gross	51.2B	56.2B	58.4B	66.1B	76.1B	79.9B
Total Current Assets	2.7B	4.3B	4.0B	3.8B	4.4B	4.6B
Short Term Debt	1.9B	2.7B	2.4B	2.1B	2.4B	2.5B
Common Stock	14.2B	14.7B	15.1B	15.6B	17.9B	18.8B
Retained Earnings	3.5B	3.7B	4.1B	4.5B	5.2B	5.5B
Accumulated Other Comprehensive Income	(40M)	1.0B	653M	2.1B	2.4B	2.5B
Other Assets	3.4B	3.6B	3.8B	3.9B	4.5B	4.8B
Intangible Assets	1.3B	1.5B	1.5B	1.7B	1.9B	2.0B
Other Liab	7.2B	7.6B	7.9B	8.5B	9.8B	10.3B
Net Tangible Assets	3.6B	4.0B	4.6B	5.4B	6.2B	6.5B
Long Term Debt	23.7B	25.9B	27.2B	31.2B	35.9B	37.7B
Deferred Long Term Liab	3.0B	3.1B	3.1B	3.1B	3.6B	3.7B
Long Term Investments	178M	316M	370M	484M	556.6M	584.4M
Short Long Term Debt	1.9B	2.7B	2.4B	2.1B	2.4B	2.5B
Property Plant Equipment	34.0B	36.0B	37.9B	41.7B	48.0B	50.4B

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