Enbridge Balance Sheet Health
Financial Health criteria checks 0/6
Enbridge has a total shareholder equity of CA$68.5B and total debt of CA$77.5B, which brings its debt-to-equity ratio to 113.2%. Its total assets and total liabilities are CA$178.4B and CA$109.9B respectively. Enbridge's EBIT is CA$9.4B making its interest coverage ratio 2.6. It has cash and short-term investments of CA$3.0B.
Key information
113.2%
Debt to equity ratio
CA$77.52b
Debt
Interest coverage ratio | 2.6x |
Cash | CA$2.99b |
Equity | CA$68.47b |
Total liabilities | CA$109.94b |
Total assets | CA$178.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ENBF.F's short term assets (CA$11.1B) do not cover its short term liabilities (CA$16.7B).
Long Term Liabilities: ENBF.F's short term assets (CA$11.1B) do not cover its long term liabilities (CA$93.2B).
Debt to Equity History and Analysis
Debt Level: ENBF.F's net debt to equity ratio (108.8%) is considered high.
Reducing Debt: ENBF.F's debt to equity ratio has increased from 88.2% to 113.2% over the past 5 years.
Debt Coverage: ENBF.F's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: ENBF.F's interest payments on its debt are not well covered by EBIT (2.6x coverage).