Enbridge Balance Sheet Health
Financial Health criteria checks 0/6
Enbridge has a total shareholder equity of CA$68.8B and total debt of CA$95.6B, which brings its debt-to-equity ratio to 139%. Its total assets and total liabilities are CA$205.8B and CA$137.0B respectively. Enbridge's EBIT is CA$9.6B making its interest coverage ratio 2.2. It has cash and short-term investments of CA$1.9B.
Key information
139.0%
Debt to equity ratio
CA$95.58b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CA$1.90b |
| Equity | CA$68.78b |
| Total liabilities | CA$137.00b |
| Total assets | CA$205.77b |
Recent financial health updates
Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden
Aug 26
Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden
Mar 01Recent updates
Enbridge Inc.'s (TSE:ENB) Popularity With Investors Is Under Threat From Overpricing
Oct 20Enbridge (TSE:ENB) Hasn't Managed To Accelerate Its Returns
Sep 10Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden
Aug 26Is There An Opportunity With Enbridge Inc.'s (TSE:ENB) 50% Undervaluation?
Jul 15Enbridge's (TSE:ENB) Solid Earnings May Rest On Weak Foundations
May 21Enbridge Inc.'s (TSE:ENB) Business Is Yet to Catch Up With Its Share Price
Apr 06Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden
Mar 01Enbridge (TSE:ENB) Has Announced That It Will Be Increasing Its Dividend To CA$0.915
Feb 09Enbridge Inc.'s (TSE:ENB) Intrinsic Value Is Potentially 34% Above Its Share Price
Feb 08Enbridge (TSE:ENB) Will Pay A Larger Dividend Than Last Year At CA$0.915
Jan 23Financial Position Analysis
Short Term Liabilities: ENB's short term assets (CA$11.9B) do not cover its short term liabilities (CA$19.1B).
Long Term Liabilities: ENB's short term assets (CA$11.9B) do not cover its long term liabilities (CA$117.9B).
Debt to Equity History and Analysis
Debt Level: ENB's net debt to equity ratio (136.2%) is considered high.
Reducing Debt: ENB's debt to equity ratio has increased from 93.1% to 139% over the past 5 years.
Debt Coverage: ENB's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: ENB's interest payments on its debt are not well covered by EBIT (2.2x coverage).