Enbridge (TSX:ENB.PR.V.PFD) Interest Expense : $-2,862.37 Mil (TTM As of Dec. 2023)

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What is Enbridge Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Enbridge's interest expense for the three months ended in Dec. 2023 was $ -855.70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2,862.37 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Enbridge's Operating Income for the three months ended in Dec. 2023 was $ 1,687.54 Mil. Enbridge's Interest Expense for the three months ended in Dec. 2023 was $ -855.70 Mil. Enbridge's Interest Coverage for the quarter that ended in Dec. 2023 was 1.97. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Enbridge Interest Expense Historical Data

The historical data trend for Enbridge's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Enbridge Interest Expense Chart

Enbridge Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2,073.05

-2,220.31

-2,113.28

-2,373.21

-2,874.93

Enbridge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-668.38	-661.41	-664.61	-680.66	-855.70

Enbridge Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,862.37 Mil.

Enbridge (TSX:ENB.PR.V.PFD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Enbridge's Interest Expense for the three months ended in Dec. 2023 was $-855.70 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,687.54 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $55,690.97 Mil.

Enbridge's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1687.537	/	-855.695
	=	1.97

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Enbridge Inc interest coverage is 2.35, which is low.

Enbridge (TSX:ENB.PR.V.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enbridge Inc (TSX:ENB.PR.V.PFD) » Definitions » Interest Expense

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Address

425 - 1st Street S.W., Suite 200, Calgary, AB, CAN, T2P 3L8

Website

https://www.enbridge.com

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

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