Fortis Intangible Assets vs Long Term Debt Analysis

FTS Stock

USD 46.60 0.77 1.63%

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 Intangible Assets and its Long Term 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 estimate.

Intangible Assets vs Long Term Debt

Intangible Assets vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortis Inc Intangible Assets account and Long Term Debt. At this time, the significance of the direction appears to have totally related.

The correlation between Fortis' Intangible Assets and Long Term Debt is 0.99. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Long Term 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' Intangible Assets and Long Term 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 Intangible Assets of Fortis Inc are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Intangible Assets i.e., Fortis' Intangible Assets and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Long Term Debt

Long-term debt is a debt that Fortis Inc has held for over one year. Long-term debt appears on Fortis Inc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Fortis Inc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

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 estimate.

Selling General Administrative is likely to gain to about 789.8 K in 2025, whereas Tax Provision is likely to drop slightly above 302.1 M in 2025.

	2022	2023	2024	2025 (projected)
Gross Profit	7.1B	4.9B	8.3B	8.7B
Total Revenue	11.0B	11.5B	11.5B	12.1B

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	0.96	0.97	1.0	1.0	0.25	1.0	0.93	0.54	1.0	0.97	0.54	0.96	0.96	0.98	0.97	1.0	0.96	0.87	0.07	1.0	0.96	0.95	0.86	0.99
Short Long Term Debt Total	1.0		0.96	0.97	0.99	1.0	0.24	1.0	0.93	0.53	1.0	0.97	0.53	0.96	0.96	0.98	0.97	1.0	0.96	0.87	0.06	1.0	0.96	0.95	0.85	0.99
Other Current Liab	0.96	0.96		0.93	0.96	0.96	0.23	0.96	0.91	0.7	0.96	0.95	0.7	0.91	0.92	0.93	0.94	0.96	0.9	0.84	0.03	0.96	0.91	0.93	0.8	0.95
Total Current Liabilities	0.97	0.97	0.93		0.97	0.98	0.33	0.97	0.93	0.52	0.97	0.96	0.52	0.99	0.9	0.94	0.94	0.97	0.98	0.92	0.06	0.98	0.97	0.98	0.91	0.96
Total Stockholder Equity	1.0	0.99	0.96	0.97		1.0	0.24	0.99	0.93	0.53	1.0	0.97	0.53	0.96	0.95	0.98	0.98	0.99	0.96	0.86	0.07	1.0	0.96	0.95	0.86	0.99
Property Plant And Equipment Net	1.0	1.0	0.96	0.98	1.0		0.25	1.0	0.94	0.51	1.0	0.98	0.51	0.97	0.94	0.98	0.97	1.0	0.97	0.87	0.07	1.0	0.97	0.95	0.86	0.98
Current Deferred Revenue	0.25	0.24	0.23	0.33	0.24	0.25		0.24	0.36	0.24	0.24	0.29	0.24	0.36	0.19	0.21	0.21	0.24	0.36	0.29	-0.2	0.25	0.23	0.34	0.31	0.23
Net Debt	1.0	1.0	0.96	0.97	0.99	1.0	0.24		0.93	0.52	1.0	0.97	0.52	0.96	0.96	0.98	0.97	1.0	0.96	0.87	0.06	1.0	0.96	0.95	0.85	0.99
Accounts Payable	0.93	0.93	0.91	0.93	0.93	0.94	0.36	0.93		0.48	0.93	0.97	0.48	0.95	0.81	0.88	0.9	0.93	0.94	0.83	-0.09	0.93	0.95	0.92	0.79	0.9
Cash	0.54	0.53	0.7	0.52	0.53	0.51	0.24	0.52	0.48		0.53	0.51	1.0	0.49	0.57	0.53	0.56	0.53	0.46	0.46	0.04	0.53	0.43	0.57	0.37	0.56
Non Current Assets Total	1.0	1.0	0.96	0.97	1.0	1.0	0.24	1.0	0.93	0.53		0.97	0.53	0.96	0.96	0.98	0.97	1.0	0.96	0.86	0.07	1.0	0.96	0.95	0.85	0.99
Non Currrent Assets Other	0.97	0.97	0.95	0.96	0.97	0.98	0.29	0.97	0.97	0.51	0.97		0.51	0.97	0.88	0.93	0.96	0.97	0.96	0.84	-0.07	0.97	0.96	0.94	0.85	0.95
Cash And Short Term Investments	0.54	0.53	0.7	0.52	0.53	0.51	0.24	0.52	0.48	1.0	0.53	0.51		0.49	0.57	0.54	0.56	0.53	0.46	0.46	0.04	0.53	0.43	0.57	0.37	0.56
Net Receivables	0.96	0.96	0.91	0.99	0.96	0.97	0.36	0.96	0.95	0.49	0.96	0.97	0.49		0.87	0.91	0.94	0.96	0.98	0.92	-0.03	0.96	0.96	0.98	0.89	0.93
Good Will	0.96	0.96	0.92	0.9	0.95	0.94	0.19	0.96	0.81	0.57	0.96	0.88	0.57	0.87		0.97	0.94	0.96	0.86	0.79	0.1	0.96	0.86	0.87	0.77	0.97
Common Stock Total Equity	0.98	0.98	0.93	0.94	0.98	0.98	0.21	0.98	0.88	0.53	0.98	0.93	0.54	0.91	0.97		0.97	0.98	0.92	0.81	0.18	0.98	0.92	0.9	0.83	0.99
Common Stock Shares Outstanding	0.97	0.97	0.94	0.94	0.98	0.97	0.21	0.97	0.9	0.56	0.97	0.96	0.56	0.94	0.94	0.97		0.97	0.92	0.85	0.0	0.97	0.92	0.93	0.83	0.98
Non Current Liabilities Total	1.0	1.0	0.96	0.97	0.99	1.0	0.24	1.0	0.93	0.53	1.0	0.97	0.53	0.96	0.96	0.98	0.97		0.96	0.86	0.06	1.0	0.96	0.94	0.84	0.99
Inventory	0.96	0.96	0.9	0.98	0.96	0.97	0.36	0.96	0.94	0.46	0.96	0.96	0.46	0.98	0.86	0.92	0.92	0.96		0.88	0.05	0.96	0.97	0.96	0.88	0.93
Other Current Assets	0.87	0.87	0.84	0.92	0.86	0.87	0.29	0.87	0.83	0.46	0.86	0.84	0.46	0.92	0.79	0.81	0.85	0.86	0.88		0.01	0.87	0.87	0.96	0.82	0.84
Other Stockholder Equity	0.07	0.06	0.03	0.06	0.07	0.07	-0.2	0.06	-0.09	0.04	0.07	-0.07	0.04	-0.03	0.1	0.18	0.0	0.06	0.05	0.01		0.06	0.07	0.01	0.1	0.07
Total Liab	1.0	1.0	0.96	0.98	1.0	1.0	0.25	1.0	0.93	0.53	1.0	0.97	0.53	0.96	0.96	0.98	0.97	1.0	0.96	0.87	0.06		0.96	0.95	0.86	0.99
Property Plant And Equipment Gross	0.96	0.96	0.91	0.97	0.96	0.97	0.23	0.96	0.95	0.43	0.96	0.96	0.43	0.96	0.86	0.92	0.92	0.96	0.97	0.87	0.07	0.96		0.94	0.9	0.93
Total Current Assets	0.95	0.95	0.93	0.98	0.95	0.95	0.34	0.95	0.92	0.57	0.95	0.94	0.57	0.98	0.87	0.9	0.93	0.94	0.96	0.96	0.01	0.95	0.94		0.87	0.93
Short Term Debt	0.86	0.85	0.8	0.91	0.86	0.86	0.31	0.85	0.79	0.37	0.85	0.85	0.37	0.89	0.77	0.83	0.83	0.84	0.88	0.82	0.1	0.86	0.9	0.87		0.85
Common Stock	0.99	0.99	0.95	0.96	0.99	0.98	0.23	0.99	0.9	0.56	0.99	0.95	0.56	0.93	0.97	0.99	0.98	0.99	0.93	0.84	0.07	0.99	0.93	0.93	0.85

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Fortis Account Relationship Matchups

Fortis fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	55.5B	57.7B	64.3B	65.9B	73.5B	77.2B
Short Long Term Debt Total	24.9B	25.9B	29.0B	30.0B	33.7B	35.4B
Other Current Liab	1.6B	1.7B	1.6B	2.6B	2.2B	2.3B
Total Current Liabilities	4.1B	4.8B	6.6B	6.0B	6.0B	6.3B
Total Stockholder Equity	18.7B	19.3B	21.0B	21.5B	23.8B	25.0B
Property Plant And Equipment Net	36.0B	37.9B	41.7B	43.4B	49.5B	52.0B
Current Deferred Revenue	214M	222M	401M	263M	360M	180.4M
Net Debt	24.6B	25.8B	28.8B	29.4B	33.5B	35.2B
Accounts Payable	707M	774M	886M	990M	1.1B	1.2B
Cash	249M	131M	209M	625M	220M	155.8M
Non Current Assets Total	52.9B	54.9B	60.0B	61.9B	69.7B	73.2B
Non Currrent Assets Other	3.6B	3.8B	3.9B	4.4B	4.9B	5.2B
Cash And Short Term Investments	249M	131M	209M	625M	220M	155.7M
Net Receivables	1.2B	1.3B	1.8B	1.5B	1.7B	1.8B
Good Will	11.8B	11.7B	12.5B	12.2B	13.1B	13.8B
Common Stock Shares Outstanding	465.4M	471.4M	479M	486.5M	495.2M	520.0M
Liabilities And Stockholders Equity	55.5B	57.7B	64.3B	65.9B	73.5B	77.2B
Non Current Liabilities Total	31.0B	31.9B	34.8B	36.6B	41.6B	43.7B
Inventory	422M	478M	661M	566M	685M	719.3M
Other Current Assets	767M	850M	1.6B	1.3B	1.2B	1.3B
Total Liab	35.2B	36.7B	41.4B	42.6B	47.6B	50.0B
Property Plant And Equipment Gross	36.0B	51.2B	56.2B	58.4B	66.1B	69.4B
Total Current Assets	2.6B	2.7B	4.3B	4.0B	3.8B	4.0B
Short Term Debt	1.4B	2.9B	2.7B	2.4B	2.1B	2.2B
Common Stock	13.8B	14.2B	14.7B	15.1B	15.6B	16.4B
Retained Earnings	3.2B	3.5B	3.7B	4.1B	4.5B	4.7B
Accumulated Other Comprehensive Income	34M	(40M)	1.0B	653M	2.1B	2.2B
Other Assets	3.4B	3.6B	3.8B	3.9B	4.5B	4.8B
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	23.1B	23.7B	25.9B	27.2B	31.2B	32.8B
Deferred Long Term Liab	3.0B	3.1B	3.1B	3.1B	3.6B	3.7B
Long Term Investments	158M	178M	316M	370M	484M	508.2M
Short Long Term Debt	1.4B	1.9B	2.7B	2.4B	2.1B	2.2B
Intangible Assets	1.3B	1.3B	1.5B	1.5B	1.7B	1.7B
Property Plant Equipment	34.0B	36.0B	37.9B	41.7B	48.0B	50.4B
Long Term Debt Total	23.5B	21.9B	23.4B	24.0B	27.6B	23.0B

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