Enbridge Balance Sheet Health
Financial Health criteria checks 0/6
Enbridge has a total shareholder equity of CA$64.0B and total debt of CA$79.5B, which brings its debt-to-equity ratio to 124.1%. Its total assets and total liabilities are CA$173.9B and CA$109.9B respectively. Enbridge's EBIT is CA$9.4B making its interest coverage ratio 2.7. It has cash and short-term investments of CA$1.3B.
Key information
124.1%
Debt to equity ratio
CA$79.48b
Debt
Interest coverage ratio | 2.7x |
Cash | CA$1.29b |
Equity | CA$64.04b |
Total liabilities | CA$109.90b |
Total assets | CA$173.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EN3's short term assets (CA$9.0B) do not cover its short term liabilities (CA$14.0B).
Long Term Liabilities: EN3's short term assets (CA$9.0B) do not cover its long term liabilities (CA$95.9B).
Debt to Equity History and Analysis
Debt Level: EN3's net debt to equity ratio (122.1%) is considered high.
Reducing Debt: EN3's debt to equity ratio has increased from 90.9% to 124.1% over the past 5 years.
Debt Coverage: EN3's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: EN3's interest payments on its debt are not well covered by EBIT (2.7x coverage).