Enbridge (Enbridge) Debt-to-Equity

: 1.32 (As of Dec. 2023)

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Enbridge's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,833 Mil. Enbridge's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $55,691 Mil. Enbridge's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $45,807 Mil. Enbridge's debt to equity for the quarter that ended in Dec. 2023 was 1.32.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Enbridge's Debt-to-Equity or its related term are showing as below:

ENB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.93 Med: 1.28 Max: 2.24
Current: 1.32

During the past 13 years, the highest Debt-to-Equity Ratio of Enbridge was 2.24. The lowest was 0.93. And the median was 1.28.

ENB's Debt-to-Equity is ranked worse than
81.25% of 832 companies
in the Oil & Gas industry
Industry Median: 0.44 vs ENB: 1.32

Enbridge Debt-to-Equity Historical Data

The historical data trend for Enbridge's Debt-to-Equity 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.

* Premium members only.

Enbridge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.98

1.09

1.24

1.35

1.32

Enbridge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.35	1.31	1.31	1.19	1.32

Competitive Comparison

For the Oil & Gas Midstream subindustry, Enbridge's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Enbridge Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, Enbridge's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Enbridge's Debt-to-Equity falls into.

Enbridge Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Enbridge's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4833.035	+	55690.966)	/	45806.5
	=	1.32

Enbridge's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4833.035	+	55690.966)	/	45806.5
	=	1.32

Enbridge (NYSE:ENB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Enbridge Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Enbridge's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Enbridge (Enbridge) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enbridge Inc (NYSE:ENB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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.

Executives

Albert Monaco	director, officer: See Remarks	#3000, 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Mark A. Maki	officer: See remarks	425 - 1ST STREET S.W., CALGARY A0 T2P 3L8
Gruending Colin K	officer: See Remarks	75 DISCOVERY RIDGE PLACE SW, CALGARY A0 T3H 5G4
Laura Buss Sayavedra	officer: See Remarks	5400 WESTHEIMER COURT, HOUSTON TX 77056
William T. Yardley	officer: See Remarks	5400 WESTHEIMER COURT, HOUSTON TX 77056
Susan M Cunningham	director	NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Cynthia L Hansen	officer: See Remarks	500 CONSUMERS ROAD, NORTH YORK A6 M2J 1P8
Allen C Capps	officer: See Remarks	5400 WESTHEIMER COURT, HOUSTON TX 77056-5310
D Guy Jarvis	officer: See Remarks	3000, 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Teresa S Madden	director	414 NICOLLET MALL, MINNEAPOLIS MN 55401
Byron C Neiles	officer: See Remarks	3000, 425 1ST STREET SW, CALGARY A0 T2P 3L8
Robert R Rooney	officer: See Remarks
John K Whelen	officer: See Remarks	425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Vernon D Yu	officer: See Remarks	425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Dan C Tutcher	director	5400 WESTHEIMER COURT, HOUSTON TX 77056