Financial Health criteria checks 0/6
Enbridge has a total shareholder equity of CA$67.3B and total debt of CA$87.7B, which brings its debt-to-equity ratio to 130.3%. Its total assets and total liabilities are CA$190.7B and CA$123.4B respectively. Enbridge's EBIT is CA$9.3B making its interest coverage ratio 2.4. It has cash and short-term investments of CA$1.3B.
Key information
130.3%
Debt to equity ratio
CA$87.70b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CA$1.32b |
| Equity | CA$67.30b |
| Total liabilities | CA$123.41b |
| Total assets | CA$190.71b |
Recent financial health updates
Recent updates
Enbridge's (TSE:ENB) Solid Earnings May Rest On Weak Foundations
May 21
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 01
Enbridge (TSE:ENB) Has Announced That It Will Be Increasing Its Dividend To CA$0.915
Feb 09
Enbridge Inc.'s (TSE:ENB) Intrinsic Value Is Potentially 34% Above Its Share Price
Feb 08
Enbridge (TSE:ENB) Will Pay A Larger Dividend Than Last Year At CA$0.915
Jan 23
Enbridge's (TSE:ENB) Shareholders Will Receive A Bigger Dividend Than Last Year
Jan 09
Enbridge's (TSE:ENB) Shareholders Will Receive A Bigger Dividend Than Last Year
Dec 26
Enbridge Inc.'s (TSE:ENB) Popularity With Investors Is Clear
Dec 19
Enbridge (TSE:ENB) Is Paying Out A Larger Dividend Than Last Year
Dec 04
Enbridge (TSE:ENB) Is Doing The Right Things To Multiply Its Share Price
Nov 24
Financial Position Analysis
Short Term Liabilities: ENB's short term assets (CA$10.0B) do not cover its short term liabilities (CA$14.7B).
Long Term Liabilities: ENB's short term assets (CA$10.0B) do not cover its long term liabilities (CA$108.7B).
Debt to Equity History and Analysis
Debt Level: ENB's net debt to equity ratio (128.4%) is considered high.
Reducing Debt: ENB's debt to equity ratio has increased from 89.8% to 130.3% over the past 5 years.
Debt Coverage: ENB's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: ENB's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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