Fortis (FTS) Interest Coverage Ratio (2015 - 2026)
Fortis (FTS) posted quarterly Interest Coverage Ratio of 2.47 for Q2 2026, down 4.45% year-over-year from 2.58 in Q2 2025, and down 38.27% on a QoQ basis from 4.0 in Q1 2026.
Fortis (FTS) Interest Coverage Ratio (2015 - 2026) Analysis & Trends
Fortis has reported Interest Coverage Ratio for 12 years, with the latest figure at 2.47 in Q2 2026.
- Interest Coverage Ratio for Q2 2026 came in at 2.47, down 4.45% year-over-year; the trailing twelve-month figure through Jun 2026 was 0.11 (down 65.37% YoY), and the FY2025 annual result was 2.36, up 0.91% from the prior year.
- Interest Coverage Ratio retreated to 2.47 in Q2 2026, from 4.0 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 4.2 in Q1 2022 and troughed at 17.57 in Q4 2022.
- A 5-year average of 0.2 and a median of 3.11 in 2024 frame the typical range for Interest Coverage Ratio.
- The widest annual swing landed in 2022, when Interest Coverage Ratio plunged 436.66%; it then advanced 26.97% in 2023.
- A 5-year view of Interest Coverage Ratio shows it stood at 17.57 in 2022, then rose by 26.97% to 12.83 in 2023, then gained by 19.26% to 10.36 in 2024, then decreased by 5.9% to 10.97 in 2025, then jumped by 122.49% to 2.47 in 2026.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 2.47 in Q2 2026, 4.0 in Q1 2026, and 10.97 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.78 Bn | 75.97 Bn | - | - |
| 2 | Dominion Energy | 59.31 Bn | 58.52 Bn | 3.50 Bn | 0.59 |
| 3 | Xcel Energy | 49.23 Bn | 47.22 Bn | 3.12 Bn | 1.59 |
| 4 | Wec Energy | 35.31 Bn | 35.26 Bn | 1.45 Bn | 1.89 |
| 5 | Ameren | 30.14 Bn | 30.13 Bn | - | 2.20 |
| 6 | Edison International | 28.79 Bn | 28.54 Bn | 3.29 Bn | 2.12 |
| 7 | Fortis | 28.70 Bn | 28.70 Bn | 1.60 Bn | 2.47 |
| 8 | Firstenergy | 27.31 Bn | 27.12 Bn | 2.51 Bn | 2.01 |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | 3.45 |
| 10 | Cms Energy | 21.67 Bn | 21.43 Bn | 3.65 Bn | 1.80 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.47 |
| Mar 31, 2026 | 4.00 |
| Dec 31, 2025 | -11.24 |
| Sep 30, 2025 | 3.75 |
| Jun 30, 2025 | 2.58 |
| Mar 31, 2025 | 3.97 |
| Dec 31, 2024 | -11.80 |
| Sep 30, 2024 | 3.65 |
| Jun 30, 2024 | 2.52 |
| Mar 31, 2024 | 4.00 |
| Dec 31, 2023 | -12.83 |
| Sep 30, 2023 | 3.82 |
| Jun 30, 2023 | 2.57 |
| Mar 31, 2023 | 4.02 |
| Dec 31, 2022 | -14.92 |
| Sep 30, 2022 | 4.00 |
| Jun 30, 2022 | 2.54 |
| Mar 31, 2022 | 4.20 |
| Dec 31, 2021 | -3.27 |
| Sep 30, 2021 | 4.01 |