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 ratio2.2x
CashCA$1.90b
EquityCA$68.78b
Total liabilitiesCA$137.00b
Total assetsCA$205.77b

Recent financial health updates

Recent updates

Enbridge (TSE:ENB) Is Paying Out A Larger Dividend Than Last Year

Dec 06
Enbridge (TSE:ENB) Is Paying Out A Larger Dividend Than Last Year

Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden

Dec 03
Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden

Enbridge Inc.'s (TSE:ENB) Popularity With Investors Is Under Threat From Overpricing

Oct 20
Enbridge Inc.'s (TSE:ENB) Popularity With Investors Is Under Threat From Overpricing

Enbridge (TSE:ENB) Hasn't Managed To Accelerate Its Returns

Sep 10
Enbridge (TSE:ENB) Hasn't Managed To Accelerate Its Returns

Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden

Aug 26
Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden

Is There An Opportunity With Enbridge Inc.'s (TSE:ENB) 50% Undervaluation?

Jul 15
Is There An Opportunity With Enbridge Inc.'s (TSE:ENB) 50% Undervaluation?

Enbridge's (TSE:ENB) Solid Earnings May Rest On Weak Foundations

May 21
Enbridge's (TSE:ENB) Solid Earnings May Rest On Weak Foundations

Enbridge Inc.'s (TSE:ENB) Business Is Yet to Catch Up With Its Share Price

Apr 06
Enbridge Inc.'s (TSE:ENB) Business Is Yet to Catch Up With Its Share Price

Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden

Mar 01
Here's Why Enbridge (TSE:ENB) Has A Meaningful Debt Burden

Financial 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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