FTSFortis Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (BBB) and steady price behavior.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -34% · now 9% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can FTS take a bad year?
Fortis Inc. carries $33.2B of net debt at 6.22× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2025 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 6.22×
Net debt / EBITDA · 6.37× a year ago · the load is coming down
- Cash runway
- 0.1 years
Cash runway · burning $375M a quarter at the current rate
- Annualised volatility
- 15%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2025
- $33.5B
- Cash and short-term investments
- $221M
- Net debt
- $33.2B
- EBITDA, trailing twelve months
- $5.34B
- Operating profit, trailing twelve months
- $3.37B
- Debt / equity
- 1.42×
- Total debt / EBITDA
- 6.27×
- Annualised volatilitytwo years of daily moves
- 15%
- Worst drawdown on file
- −34%
- Below its 52-week high
- 9.4%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Utilities, Regulated Electric
Ranks #5 of 15 by RyuScore