Enbridge Financials

ENB Stock  USD 43.26  0.23  0.53%   
Based on the measurements of operating efficiency obtained from Enbridge's historical financial statements, Enbridge is doing better financially today then in previous quarter. It has a moderate risk of reporting better financial numbers in December. At present, Enbridge's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 85.3 B, whereas Retained Earnings are projected to grow to (16.3 B). Key indicators impacting Enbridge's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.120.1418
Fairly Down
Slightly volatile
Return On Assets0.03970.0343
Fairly Up
Slightly volatile
Return On Equity0.140.1007
Significantly Up
Pretty Stable
Debt Equity Ratio2.191.3213
Way Up
Slightly volatile
Operating Income9.1 B8.7 B
Sufficiently Up
Slightly volatile
Current Ratio1.060.8259
Significantly Up
Pretty Stable
Investors should never underestimate Enbridge's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Enbridge's cash flow, debt, and profitability to make informed and accurate decisions about investing in Enbridge.

Cash And Equivalents

541.6 Million

  
Understanding current and past Enbridge Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Enbridge's financial statements are interrelated, with each one affecting the others. For example, an increase in Enbridge's assets may result in an increase in income on the income statement.
Please note, the presentation of Enbridge's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Enbridge's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Enbridge's management manipulating its earnings.

Enbridge Stock Summary

Enbridge competes with Energy Transfer, Kinder Morgan, MPLX LP, Pembina Pipeline, and Williams Companies. The company operates through five segments Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada. Enbridge operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 10900 people.
Foreign Associate
  Canada
Specialization
Energy, Oil & Gas Midstream
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINCA29250N1050
CUSIP29250N105 449911106
LocationAlberta; Canada
Business Address200, Fifth Avenue
SectorOil, Gas & Consumable Fuels
IndustryEnergy
BenchmarkDow Jones Industrial
Websitewww.enbridge.com
Phone403 231 3900
CurrencyUSD - US Dollar

Enbridge Key Financial Ratios

Enbridge Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets163.3B160.3B168.9B179.6B180.3B189.3B
Other Current Liab920M896M717M6.1B4.7B5.0B
Net Debt64.3B66.4B75.4B80.1B75.3B79.1B
Retained Earnings(6.3B)(10.0B)(11.0B)(15.5B)(17.1B)(16.3B)
Cash648M452M286M861M6.0B6.3B
Net Receivables6.5B5.0B6.2B7.4B4.8B2.8B
Inventory1.3B1.5B1.7B2.3B1.5B910.6M
Other Current Assets355M361M259M604M2.2B2.3B
Total Liab93.9B95.9B105.5B116.2B115.8B121.6B
Total Current Assets8.8B7.4B9.0B12.1B14.4B15.1B
Short Term Debt5.3B4.1B7.7B8.0B6.5B6.8B
Accounts Payable4.6B3.5B4.6B5.3B4.3B2.6B
Intangible Assets2.2B2.1B4.0B4.0B3.5B3.7B
Other Assets8.1B(12M)284.1B10.3B32.5B34.1B
Common Stock64.7B64.8B64.8B64.8B69.2B72.6B
Other Liab17.2B18.1B19.3B22.3B25.6B26.9B
Net Tangible Assets23.0B18.9B16.3B16.6B19.1B20.1B
Long Term Debt59.7B62.8B68.0B72.9B74.7B78.5B
Good Will33.2B32.7B32.8B32.4B31.8B33.4B
Short Long Term Debt5.3B4.1B7.7B8.0B6.5B3.3B

Enbridge Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense2.7B2.8B2.7B3.2B3.8B4.0B
Total Revenue50.1B39.1B47.1B53.3B43.6B45.8B
Gross Profit15.7B14.7B14.5B16.4B17.7B18.6B
Operating Income8.3B8.0B7.8B9.7B8.7B9.1B
Ebit8.3B5.6B8.4B5.5B11.7B12.3B
Ebitda13.9B9.3B12.3B9.9B16.3B17.2B
Cost Of Revenue34.4B24.4B32.6B36.9B26.0B13.5B
Income Before Tax7.5B4.2B7.7B4.5B7.9B8.3B
Net Income5.7B3.4B6.2B3.0B6.2B6.5B
Income Tax Expense1.7B774M1.4B1.6B1.8B1.9B
Minority Interest3.4B3.0B(125M)65M133M126.4M
Tax Provision1.7B774M1.4B1.6B1.8B1.9B
Interest Income683M1.5B608M2.2B2.0B1.1B
Net Interest Income(2.7B)(2.8B)(2.7B)(3.2B)(3.8B)(4.0B)

Enbridge Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(24M)(254M)(118M)(599M)763M801.2M
Change In Cash39M(186M)(170M)587M5.1B5.3B
Free Cash Flow3.7B4.2B1.2B6.4B9.3B9.8B
Depreciation3.4B3.7B3.9B4.3B4.6B4.8B
Other Non Cash Items56M268M77M3.0B(201M)(191.0M)
Dividends Paid6.4B6.9B7.1B7.3B7.6B8.0B
Capital Expenditures5.7B5.6B8.1B4.8B4.9B3.5B
Net Income5.8B3.4B6.3B2.9B6.1B6.4B
End Period Cash Flow676M490M320M907M6.0B6.3B
Investments(4.7B)218M(107M)(5.3B)(5.6B)(5.3B)
Net Borrowings2.2B2.5B9.1B2.5B2.9B3.0B
Change To Netincome561M2.6B831M3.9B4.5B4.7B

Enbridge Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Enbridge's current stock value. Our valuation model uses many indicators to compare Enbridge value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Enbridge competition to find correlations between indicators driving Enbridge's intrinsic value. More Info.
Enbridge is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.33  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Enbridge is roughly  3.06 . At present, Enbridge's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Enbridge's earnings, one of the primary drivers of an investment's value.

Enbridge Systematic Risk

Enbridge's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Enbridge volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on Enbridge correlated with the market. If Beta is less than 0 Enbridge generally moves in the opposite direction as compared to the market. If Enbridge Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Enbridge is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Enbridge is generally in the same direction as the market. If Beta > 1 Enbridge moves generally in the same direction as, but more than the movement of the benchmark.

Enbridge Thematic Clasifications

Enbridge is part of Transportation investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Transportation industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
TransportationView
This theme covers USA Equities from Transportation industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Enbridge Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Enbridge's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Enbridge growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.12

At present, Enbridge's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.

Enbridge November 25, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Enbridge help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Enbridge. We use our internally-developed statistical techniques to arrive at the intrinsic value of Enbridge based on widely used predictive technical indicators. In general, we focus on analyzing Enbridge Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Enbridge's daily price indicators and compare them against related drivers.

Complementary Tools for Enbridge Stock analysis

When running Enbridge's price analysis, check to measure Enbridge's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enbridge is operating at the current time. Most of Enbridge's value examination focuses on studying past and present price action to predict the probability of Enbridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enbridge's price. Additionally, you may evaluate how the addition of Enbridge to your portfolios can decrease your overall portfolio volatility.
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