Fortis (FTS) Interest Coverage Ratio (2015 - 2026)
Fortis (FTS) posted Interest Coverage Ratio of 4.0 for Q1 2026, up 4.28% on a QoQ basis from 3.83 in Q4 2025, and up 0.75% year-over-year from 3.97 in Q1 2025.
Fortis (FTS) Interest Coverage Ratio (2015 - 2026) Analysis & Trends
Fortis' Interest Coverage Ratio history runs 12 years deep, the most recent figure standing at 4.0 for Q1 2026.
- Quarterly Interest Coverage Ratio rose 0.75% year-over-year to 4.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.79 (up 2.09% YoY) and the FY2025 annual result came in at 2.36, up 0.91% from the prior year.
- Interest Coverage Ratio was 4.0 for Q1 2026 at Fortis, up from 3.83 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 4.2 in Q1 2022 and bottomed at 14.92 in Q4 2022.
- A 5-year average of 1.74 and a median of 3.82 in 2023 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2023 — Interest Coverage Ratio decreased 12.61% — and 2024, when it surged 128.89%.
- Fortis' Interest Coverage Ratio stood at 14.92 in 2022, then gained by 13.98% to 12.83 in 2023, then jumped by 128.89% to 3.71 in 2024, then rose by 3.42% to 3.83 in 2025, then grew by 4.28% to 4.0 in 2026.
- Business Quant data shows FTS's Interest Coverage Ratio at 4.0 in Q1 2026, 3.83 in Q4 2025, and 3.75 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Fortis | 462,782.01 Bn | 462,783.29 Bn | 1.70 Bn | 4.00 |
| 2 | Dominion Energy | 62.80 Bn | 67.01 Bn | - | 2.48 |
| 3 | Xcel Energy | 50.41 Bn | 48.65 Bn | 4.02 Bn | 1.83 |
| 4 | Wec Energy | 37.36 Bn | 37.32 Bn | 2.04 Bn | 4.29 |
| 5 | Energy Co Of Parana | 34.84 Bn | 34.18 Bn | - | - |
| 6 | Ameren | 31.32 Bn | 31.43 Bn | - | 2.61 |
| 7 | Edison International | 30.65 Bn | 30.49 Bn | - | 6.58 |
| 8 | Firstenergy | 28.61 Bn | 29.98 Bn | 2.74 Bn | 2.54 |
| 9 | Hydro One | 25.14 Bn | 25.13 Bn | - | - |
| 10 | Cms Energy | 22.72 Bn | 23.22 Bn | 2.28 Bn | 2.41 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.00 |
| Dec 31, 2025 | 3.83 |
| Sep 30, 2025 | 3.75 |
| Jun 30, 2025 | 3.56 |
| Mar 31, 2025 | 3.97 |
| Dec 31, 2024 | 3.71 |
| Sep 30, 2024 | 3.65 |
| Jun 30, 2024 | 3.51 |
| Mar 31, 2024 | 4.00 |
| Dec 31, 2023 | -12.83 |
| Sep 30, 2023 | 3.82 |
| Jun 30, 2023 | 3.39 |
| Mar 31, 2023 | 4.02 |
| Dec 31, 2022 | -14.92 |
| Sep 30, 2022 | 4.00 |
| Jun 30, 2022 | 3.88 |
| Mar 31, 2022 | 4.20 |
| Dec 31, 2021 | -13.60 |
| Sep 30, 2021 | 4.01 |
| Jun 30, 2021 | 3.63 |