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
Dec 03
Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden
Aug 26Recent updates
Enbridge (TSE:ENB) Will Pay A Larger Dividend Than Last Year At CA$0.9425
Dec 20Enbridge (TSE:ENB) Is Paying Out A Larger Dividend Than Last Year
Dec 06Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden
Dec 03Enbridge 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 06Financial 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:11 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Enbridge Inc. is covered by 46 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| John Eade | Argus Research Company |
| null null | Argus Research Company |