Fortis Inc
XBER:12F
Bankruptcy Probability
Fortis Inc's probability of bankruptcy is 13.6%, signalling a meaningful chance of default. The solvency score is 23/100 — a sign of moderate financial strength.
We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.
Solvency Ratios
Solvency Ratios Comparison
Fortis Inc Competitors
| Country | Company | Market Cap | D/E | D/A |
Interest Coverage |
Altman Z-Score |
Quick Ratio |
Current Ratio |
Cash Ratio |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| CA |
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Fortis Inc
TSX:FTS
|
39.7B CAD |
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| US |
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Nextera Energy Inc
NYSE:NEE
|
193.1B USD |
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| ES |
|
Iberdrola SA
MAD:IBE
|
127.3B EUR |
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| IT |
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Enel SpA
MIL:ENEL
|
99.9B EUR |
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| US |
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Southern Co
NYSE:SO
|
106.9B USD |
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| US |
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Duke Energy Corp
NYSE:DUK
|
102.7B USD |
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| US |
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Constellation Energy Corp
NASDAQ:CEG
|
103.4B USD |
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| US |
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American Electric Power Company Inc
NASDAQ:AEP
|
72.4B USD |
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| FR |
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Electricite de France SA
PAR:EDF
|
46.6B EUR |
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| US |
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Xcel Energy Inc
NASDAQ:XEL
|
52.4B USD |
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| US |
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Exelon Corp
NASDAQ:EXC
|
50.3B USD |
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Fortis Inc's probability of bankruptcy is 13.6%, signalling a meaningful chance of default.
The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.
As of the latest report, Fortis Inc has total debt of 31.5B CAD. This includes both short-term (412m CAD) and long-term (31.1B CAD) debt.
You can find a full breakdown on its Balance Sheet.
