Enbridge Balance Sheet Health
Financial Health criteria checks 0/6
Enbridge has a total shareholder equity of CA$64.5B and total debt of CA$81.5B, which brings its debt-to-equity ratio to 126.3%. Its total assets and total liabilities are CA$180.3B and CA$115.8B respectively. Enbridge's EBIT is CA$9.2B making its interest coverage ratio 2.4. It has cash and short-term investments of CA$6.0B.
Key information
126.3%
Debt to equity ratio
CA$81.47b
Debt
Interest coverage ratio | 2.4x |
Cash | CA$5.97b |
Equity | CA$64.48b |
Total liabilities | CA$115.83b |
Total assets | CA$180.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENB.PFA's short term assets (CA$14.4B) do not cover its short term liabilities (CA$17.4B).
Long Term Liabilities: ENB.PFA's short term assets (CA$14.4B) do not cover its long term liabilities (CA$98.4B).
Debt to Equity History and Analysis
Debt Level: ENB.PFA's net debt to equity ratio (117.1%) is considered high.
Reducing Debt: ENB.PFA's debt to equity ratio has increased from 88.7% to 126.3% over the past 5 years.
Debt Coverage: ENB.PFA's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: ENB.PFA's interest payments on its debt are not well covered by EBIT (2.4x coverage).