Enbridge Historical Balance Sheet

ENB Stock

CAD 49.73 0.10 0.20%

Trend analysis of Enbridge balance sheet accounts such as Other Current Liabilities of 2.5 B or Total Current Liabilities of 18.3 B provides information on Enbridge's total assets, liabilities, and equity, which is the actual value of Enbridge to its prevalent stockholders. By breaking down trends over time using Enbridge balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Enbridge latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Enbridge is a good buy for the upcoming year.

Enbridge Inventory

910.56 Million

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.

About Enbridge Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Enbridge at a specified time, usually calculated after every quarter, six months, or one year. Enbridge Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Enbridge and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Enbridge currently owns. An asset can also be divided into two categories, current and non-current.

Enbridge Balance Sheet Chart

Enbridge Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Enbridge uses and utilizes its capital. It also shows what exactly a company owns and owes.

At this time, Enbridge's Net Debt is very stable compared to the past year. As of the 4th of May 2024, Cash is likely to grow to about 6.2 B, though Retained Earnings are likely to grow to (16.3 B).

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Net Tangible Assets

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Total Assets

Total assets refers to the total amount of Enbridge assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Enbridge books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Enbridge balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Enbridge are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Most accounts from Enbridge's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Enbridge current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.At this time, Enbridge's Net Debt is very stable compared to the past year. As of the 4th of May 2024, Cash is likely to grow to about 6.2 B, though Retained Earnings are likely to grow to (16.3 B).

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	75.6B	81.0B	93.1B	97.8B
Total Assets	168.9B	179.6B	180.3B	189.3B

Short Long Term Debt Total Total Assets

Enbridge balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Accounts Payable	Intangible Assets	Short Term Debt	Other Assets	Good Will
Total Assets		0.97	0.17	0.94	0.98	0.99	0.99	-0.87	0.37	1.0	0.97	-0.12	0.7	0.87	0.99	0.76	0.07	-0.4	0.99	0.96	0.82	0.95	0.93	0.84	0.81	0.94
Short Long Term Debt Total	0.97		0.08	0.94	0.92	0.98	0.98	-0.92	0.54	0.97	0.94	-0.02	0.58	0.8	0.99	0.71	0.23	-0.39	0.99	0.99	0.9	0.89	0.94	0.92	0.84	0.87
Other Current Liab	0.17	0.08		0.37	0.11	0.26	0.22	0.12	-0.41	0.17	0.16	0.33	0.65	0.17	0.17	0.61	-0.02	0.2	0.2	0.12	0.12	0.04	0.1	-0.01	-0.06	-0.01
Total Current Liabilities	0.94	0.94	0.37		0.87	0.97	0.96	-0.82	0.38	0.93	0.91	0.08	0.75	0.79	0.95	0.85	0.16	-0.34	0.97	0.96	0.88	0.84	0.92	0.89	0.81	0.8
Total Stockholder Equity	0.98	0.92	0.11	0.87		0.94	0.95	-0.83	0.26	0.98	0.96	-0.24	0.69	0.9	0.94	0.69	-0.07	-0.47	0.94	0.9	0.71	0.97	0.87	0.76	0.76	0.98
Property Plant And Equipment Net	0.99	0.98	0.26	0.97	0.94		0.99	-0.85	0.39	0.99	0.95	-0.02	0.71	0.84	0.99	0.79	0.15	-0.35	0.99	0.97	0.85	0.9	0.91	0.85	0.79	0.88
Net Debt	0.99	0.98	0.22	0.96	0.95	0.99		-0.88	0.37	0.99	0.96	-0.08	0.7	0.86	1.0	0.8	0.12	-0.37	1.0	0.98	0.84	0.92	0.95	0.87	0.8	0.9
Retained Earnings	-0.87	-0.92	0.12	-0.82	-0.83	-0.85	-0.88		-0.55	-0.86	-0.88	0.14	-0.37	-0.79	-0.89	-0.59	-0.15	0.57	-0.88	-0.93	-0.78	-0.82	-0.88	-0.92	-0.74	-0.82
Cash	0.37	0.54	-0.41	0.38	0.26	0.39	0.37	-0.55		0.34	0.29	0.41	-0.21	0.09	0.44	0.0	0.67	-0.2	0.43	0.51	0.73	0.21	0.4	0.65	0.54	0.22
Non Current Assets Total	1.0	0.97	0.17	0.93	0.98	0.99	0.99	-0.86	0.34		0.97	-0.14	0.71	0.88	0.98	0.76	0.04	-0.41	0.98	0.95	0.8	0.95	0.92	0.83	0.8	0.95
Non Currrent Assets Other	0.97	0.94	0.16	0.91	0.96	0.95	0.96	-0.88	0.29	0.97		-0.2	0.68	0.9	0.95	0.77	0.01	-0.46	0.95	0.94	0.75	0.93	0.9	0.81	0.76	0.94
Cash And Short Term Investments	-0.12	-0.02	0.33	0.08	-0.24	-0.02	-0.08	0.14	0.41	-0.14	-0.2		-0.03	-0.3	-0.04	0.05	0.47	0.24	-0.02	-0.02	0.3	-0.33	-0.1	0.08	0.02	-0.37
Net Receivables	0.7	0.58	0.65	0.75	0.69	0.71	0.7	-0.37	-0.21	0.71	0.68	-0.03		0.73	0.66	0.9	-0.2	-0.07	0.68	0.6	0.48	0.7	0.64	0.42	0.51	0.64
Common Stock Shares Outstanding	0.87	0.8	0.17	0.79	0.9	0.84	0.86	-0.79	0.09	0.88	0.9	-0.3	0.73		0.83	0.77	-0.2	-0.49	0.83	0.8	0.55	0.88	0.78	0.67	0.59	0.9
Non Current Liabilities Total	0.99	0.99	0.17	0.95	0.94	0.99	1.0	-0.89	0.44	0.98	0.95	-0.04	0.66	0.83		0.76	0.18	-0.35	1.0	0.98	0.87	0.91	0.94	0.88	0.81	0.89
Inventory	0.76	0.71	0.61	0.85	0.69	0.79	0.8	-0.59	0.0	0.76	0.77	0.05	0.9	0.77	0.76		0.0	-0.14	0.78	0.74	0.64	0.69	0.76	0.61	0.54	0.63
Other Current Assets	0.07	0.23	-0.02	0.16	-0.07	0.15	0.12	-0.15	0.67	0.04	0.01	0.47	-0.2	-0.2	0.18	0.0		0.16	0.17	0.22	0.51	-0.16	0.06	0.26	0.26	-0.19
Other Stockholder Equity	-0.4	-0.39	0.2	-0.34	-0.47	-0.35	-0.37	0.57	-0.2	-0.41	-0.46	0.24	-0.07	-0.49	-0.35	-0.14	0.16		-0.35	-0.41	-0.26	-0.45	-0.35	-0.43	-0.32	-0.51
Total Liab	0.99	0.99	0.2	0.97	0.94	0.99	1.0	-0.88	0.43	0.98	0.95	-0.02	0.68	0.83	1.0	0.78	0.17	-0.35		0.98	0.88	0.9	0.94	0.89	0.82	0.88
Property Plant And Equipment Gross	0.96	0.99	0.12	0.96	0.9	0.97	0.98	-0.93	0.51	0.95	0.94	-0.02	0.6	0.8	0.98	0.74	0.22	-0.41	0.98		0.9	0.88	0.96	0.94	0.85	0.85
Total Current Assets	0.82	0.9	0.12	0.88	0.71	0.85	0.84	-0.78	0.73	0.8	0.75	0.3	0.48	0.55	0.87	0.64	0.51	-0.26	0.88	0.9		0.67	0.83	0.9	0.84	0.63
Accounts Payable	0.95	0.89	0.04	0.84	0.97	0.9	0.92	-0.82	0.21	0.95	0.93	-0.33	0.7	0.88	0.91	0.69	-0.16	-0.45	0.9	0.88	0.67		0.9	0.75	0.79	0.98
Intangible Assets	0.93	0.94	0.1	0.92	0.87	0.91	0.95	-0.88	0.4	0.92	0.9	-0.1	0.64	0.78	0.94	0.76	0.06	-0.35	0.94	0.96	0.83	0.9		0.91	0.85	0.86
Short Term Debt	0.84	0.92	-0.01	0.89	0.76	0.85	0.87	-0.92	0.65	0.83	0.81	0.08	0.42	0.67	0.88	0.61	0.26	-0.43	0.89	0.94	0.9	0.75	0.91		0.84	0.72
Other Assets	0.81	0.84	-0.06	0.81	0.76	0.79	0.8	-0.74	0.54	0.8	0.76	0.02	0.51	0.59	0.81	0.54	0.26	-0.32	0.82	0.85	0.84	0.79	0.85	0.84		0.72
Good Will	0.94	0.87	-0.01	0.8	0.98	0.88	0.9	-0.82	0.22	0.95	0.94	-0.37	0.64	0.9	0.89	0.63	-0.19	-0.51	0.88	0.85	0.63	0.98	0.86	0.72	0.72

Click cells to compare fundamentals

Enbridge Account Relationship Matchups

Enbridge balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	163.3B	160.3B	168.9B	179.6B	180.3B	189.3B
Short Long Term Debt Total	65.0B	66.9B	75.6B	81.0B	93.1B	97.8B
Other Current Liab	6.2B	6.4B	6.0B	6.9B	1.8B	2.5B
Total Current Liabilities	16.0B	14.0B	18.2B	20.3B	17.4B	18.3B
Total Stockholder Equity	66.0B	61.4B	60.8B	59.9B	61.5B	64.5B
Property Plant And Equipment Net	93.7B	94.6B	100.1B	104.5B	104.6B	109.9B
Net Debt	64.3B	66.4B	75.4B	80.1B	75.3B	79.1B
Retained Earnings	(6.3B)	(10.0B)	(11.0B)	(15.5B)	(17.1B)	(16.3B)
Cash	648M	452M	286M	861M	5.9B	6.2B
Non Current Assets Total	154.4B	152.9B	159.9B	167.5B	165.9B	174.2B
Non Currrent Assets Other	7.9B	9.0B	9.2B	10.1B	8.8B	9.2B
Cash And Short Term Investments	648M	452M	286M	861M	990.2M	1.0B
Net Receivables	6.5B	5.0B	6.2B	7.4B	4.5B	2.7B
Common Stock Shares Outstanding	1.7B	2.0B	2.0B	2.0B	2.1B	1.1B
Liabilities And Stockholders Equity	163.3B	160.3B	168.9B	179.6B	206.5B	216.9B
Non Current Liabilities Total	77.9B	81.9B	87.3B	95.9B	98.4B	103.3B
Inventory	1.3B	1.5B	1.7B	2.3B	1.5B	910.6M
Other Current Assets	355M	361M	259M	604M	1.5B	1.5B
Other Stockholder Equity	272M	496M	365M	275M	247.5M	235.1M
Total Liab	93.9B	95.9B	105.5B	116.2B	115.8B	121.6B
Property Plant And Equipment Gross	93.7B	94.6B	126.0B	134B	137.2B	144.1B
Total Current Assets	8.8B	7.4B	9.0B	12.1B	14.4B	15.1B
Accumulated Other Comprehensive Income	(272M)	(1.4B)	(1.1B)	3.5B	4.0B	4.3B
Accounts Payable	4.6B	3.5B	4.6B	5.3B	4.3B	4.6B
Intangible Assets	2.2B	2.1B	4.0B	4.0B	3.5B	3.7B
Short Term Debt	5.3B	4.1B	7.7B	8.0B	9.2B	9.7B
Other Assets	8.1B	(12M)	9.0B	9.9B	11.4B	12.0B
Good Will	33.2B	32.7B	32.8B	32.4B	31.8B	33.4B
Common Stock Total Equity	50.7B	64.7B	64.7B	64.8B	74.5B	78.2B
Common Stock	64.7B	64.8B	64.8B	64.8B	74.5B	37.8B
Other Liab	17.2B	18.1B	18.6B	22.3B	25.6B	16.2B
Net Tangible Assets	23.0B	18.9B	16.3B	16.6B	19.1B	16.6B
Long Term Debt	59.7B	62.8B	68.0B	72.9B	74.7B	59.1B
Deferred Long Term Liab	871M	548M	1.0B	1.6B	1.9B	1.9B
Long Term Investments	16.5B	13.8B	13.3B	15.9B	16.8B	13.3B
Short Long Term Debt	5.3B	4.1B	7.7B	8.0B	6.5B	5.5B
Property Plant Equipment	94.5B	95.4B	100.7B	105.1B	120.9B	88.6B
Long Term Debt Total	59.7B	62.9B	68.0B	73.0B	83.9B	63.3B
Capital Surpluse	187M	277M	365M	275M	247.5M	235.1M

Pair Trading with Enbridge

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enbridge position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enbridge will appreciate offsetting losses from the drop in the long position's value.

Moving together with Enbridge Stock

0.66

ENB-PFC

Enbridge Pref 11 Earnings Call This Week

Pair Corr

The ability to find closely correlated positions to Enbridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enbridge when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enbridge - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enbridge to buy it.

The correlation of Enbridge is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enbridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Enbridge can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock:

How To Invest In Enbridge

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Is Enbridge Stock a good investment?

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What is Enbridge's Net Worth?

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To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.

Note that the Enbridge information on this page should be used as a complementary analysis to other Enbridge's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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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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Please note, there is a significant difference between Enbridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Enbridge Historical Balance Sheet

Enbridge Inventory

910.56 Million

About Enbridge Balance Sheet Analysis

Enbridge Balance Sheet Chart

Total Assets

Total Current Liabilities

Net Tangible Assets

Enbridge balance sheet Correlations

Enbridge Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enbridge balance sheet Accounts

Pair Trading with Enbridge

Moving together with Enbridge Stock

Complementary Tools for Enbridge Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Net Debt
Total Liab	+ 1.0	Net Debt
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Net Debt	+ 0.99	Total Assets

Property Plant And Equipment Gross	- 0.93	Retained Earnings
Short Term Debt	- 0.92	Retained Earnings
Retained Earnings	- 0.92	Short Long Term Debt Total
Non Current Liabilities Total	- 0.89	Retained Earnings
Intangible Assets	- 0.88	Retained Earnings
Total Liab	- 0.88	Retained Earnings