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Enbridge ENB Debt-to-equity

Debt-to-equity at other companies

Williams Companies logo
Williams CompaniesWMB
2.1×+0.1×
Enterprise Products Partners logo
Enterprise Products PartnersEPD
1.1×+0.1×
Oneok logo
OneokOKE
1.4×0.0×
Atmos Energy logo
Atmos EnergyATO
0.7×0.0×
Imperial Oil logo
Imperial OilIMO
0.2×0.0×
Devon Energy logo
Devon EnergyDVN
0.6×-0.1×

Other financials

Income statement

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Revenue$22.4B+20.8%
Operating income$3.2B-12.2%
Net income$1.8B-24.8%
EPS (diluted)$0.76-26.2%

Balance sheet

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Cash & equivalents$1.6B-21.7%
Total debt$1.5B-98.5%
Total equity$65.0B-4.8%
Total assets$228.20B+3.7%

Cash flow

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Operating cash flow$2.3B-23.3%
CapEx$2.4B+41.6%
Free cash flow-$97.0M-107%

Valuation

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Market cap$118.95B+22.4%
Enterprise value$118.8B-38.7%
P/E17.2×+1.8×
P/S1.7×+0.1×

Profitability

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Operating margin15.2%-2.2pp
Net margin10%-0.3pp

Returns & leverage

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Return on equity10.4%+0.9pp
Current ratio0.8×+0.1×

Where this comes from

Calculated from Enbridge’s reported figures.

Based on the most recent quarter.

The official record: Enbridge’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Enbridge's debt-to-equity?
Enbridge (ENB) reported debt-to-equity of 0× in Q1 2026.
How has Enbridge's debt-to-equity changed year-over-year?
Enbridge's debt-to-equity decreased by 98.4% year-over-year, from 1.4× to 0×.
What is the long-term trend for Enbridge's debt-to-equity?
Over 4 years (2021 to 2025), Enbridge's debt-to-equity has grown at a 9.4% compound annual growth rate (CAGR), from 4.3× to 6.1×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.