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$78.9B, which brings its debt-to-equity ratio to 122.2%. Its total assets and total liabilities are CA$172.8B and CA$108.3B respectively. Enbridge's EBIT is CA$7.6B making its interest coverage ratio 2.6. It has cash and short-term investments of CA$1.4B.
Key information
122.2%
Debt to equity ratio
CA$78.87b
Debt
Interest coverage ratio | 2.6x |
Cash | CA$1.39b |
Equity | CA$64.54b |
Total liabilities | CA$108.28b |
Total assets | CA$172.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENB.PRU's short term assets (CA$10.4B) do not cover its short term liabilities (CA$18.0B).
Long Term Liabilities: ENB.PRU's short term assets (CA$10.4B) do not cover its long term liabilities (CA$90.3B).
Debt to Equity History and Analysis
Debt Level: ENB.PRU's net debt to equity ratio (120.1%) is considered high.
Reducing Debt: ENB.PRU's debt to equity ratio has increased from 93.1% to 122.2% over the past 5 years.
Debt Coverage: ENB.PRU's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: ENB.PRU's interest payments on its debt are not well covered by EBIT (2.6x coverage).