Enbridge Balance Sheet Health
Financial Health criteria checks 0/6
Enbridge has a total shareholder equity of CA$67.3B and total debt of CA$87.7B, which brings its debt-to-equity ratio to 130.3%. Its total assets and total liabilities are CA$190.7B and CA$123.4B respectively. Enbridge's EBIT is CA$9.3B making its interest coverage ratio 2.4. It has cash and short-term investments of CA$1.3B.
Key information
130.3%
Debt to equity ratio
CA$87.70b
Debt
Interest coverage ratio | 2.4x |
Cash | CA$1.32b |
Equity | CA$67.30b |
Total liabilities | CA$123.41b |
Total assets | CA$190.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENB.PRI's short term assets (CA$10.0B) do not cover its short term liabilities (CA$14.7B).
Long Term Liabilities: ENB.PRI's short term assets (CA$10.0B) do not cover its long term liabilities (CA$108.7B).
Debt to Equity History and Analysis
Debt Level: ENB.PRI's net debt to equity ratio (128.4%) is considered high.
Reducing Debt: ENB.PRI's debt to equity ratio has increased from 89.8% to 130.3% over the past 5 years.
Debt Coverage: ENB.PRI's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: ENB.PRI's interest payments on its debt are not well covered by EBIT (2.4x coverage).