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$81.5B, which brings its debt-to-equity ratio to 126.3%. Its total assets and total liabilities are CA$180.3B and CA$115.8B respectively. Enbridge's EBIT is CA$9.2B making its interest coverage ratio 2.4. It has cash and short-term investments of CA$6.0B.
Key information
126.3%
Debt to equity ratio
CA$81.47b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CA$5.97b |
| Equity | CA$64.48b |
| Total liabilities | CA$115.83b |
| Total assets | CA$180.32b |
Recent financial health updates
Recent updates
Enbridge Inc.'s (TSE:ENB) Business Is Yet to Catch Up With Its Share Price
Apr 06
Here'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 23Enbridge's (TSE:ENB) Shareholders Will Receive A Bigger Dividend Than Last Year
Jan 09Enbridge's (TSE:ENB) Shareholders Will Receive A Bigger Dividend Than Last Year
Dec 26Enbridge Inc.'s (TSE:ENB) Popularity With Investors Is Clear
Dec 19Enbridge (TSE:ENB) Is Paying Out A Larger Dividend Than Last Year
Dec 04Enbridge (TSE:ENB) Is Doing The Right Things To Multiply Its Share Price
Nov 24Calculating The Fair Value Of Enbridge Inc. (TSE:ENB)
Sep 27Financial Position Analysis
Short Term Liabilities: ENB's short term assets (CA$14.4B) do not cover its short term liabilities (CA$17.4B).
Long Term Liabilities: ENB's short term assets (CA$14.4B) do not cover its long term liabilities (CA$98.4B).
Debt to Equity History and Analysis
Debt Level: ENB's net debt to equity ratio (117.1%) is considered high.
Reducing Debt: ENB's debt to equity ratio has increased from 88.7% to 126.3% over the past 5 years.
Debt Coverage: ENB's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: ENB's interest payments on its debt are not well covered by EBIT (2.4x coverage).