MarketCapExport financials
Enbridge (ENB)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.
Facebook
X
Telegram
Enbridge Balance Sheet 2025-2009 | ENB
Brief overview of Enbridge 's balance sheet structure
This overview follows the five latest available annual observations between 2021 and 2025.
The balance sheet expanded from 168.9 billion CAD to 218.5 billion CAD. Growth of +29.4% and CAGR of 6.7% look measured and sustainable.
Asset growth of +29.4% came with a +44.6% rise in liabilities. Financial leverage became more prominent.
Equity represents 28.5% of assets versus 37.5% initially. The capital structure appears balanced.
Each unit of equity supports 1.66x of net debt. This elevated load requires dependable cash generation.
Cash represents 0.5% of assets versus 0.2% initially, showing how the immediate liquidity reserve changed.
Retained earnings are negative at -21.3 billion CAD. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Overall picture
Enbridge 's balance sheet profile remains vulnerable. Lower liabilities and capital accumulation are the main routes to improvement.
Annual Balance Sheet Enbridge
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
103 B | 100 B | -5.34 B | 78 B | 73.6 B | 65 B | 64.3 B | 64.1 B | 64.7 B | 39.5 B | 41 B | 34.2 B | 24.8 B | 19.7 B | 15.9 B | - | - |
Long Term Debt |
104 B | 102 B | 460 M | 78.7 B | 73.8 B | 65.4 B | 59.7 B | 60.3 B | 60.9 B | 36.5 B | 39.4 B | 33.4 B | 22.4 B | 20.2 B | 15.2 B | - | - |
Long Term Debt Current |
79 M | 121 M | 98 M | 87 M | 92 M | 80 M | 94 M | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
132 B | 126 B | 98.4 B | 95.9 B | 87.3 B | 81.9 B | 81.2 B | 82.6 B | 89.3 B | 51.5 B | 54.8 B | 46.6 B | 33.3 B | 29.6 B | 20.6 B | - | - |
Total Current Liabilities |
21 B | 23.8 B | 17.4 B | 20.3 B | 18.2 B | 14 B | 16 B | 14.9 B | 14.6 B | 13 B | 10.8 B | 9.5 B | 10.7 B | 7.07 B | - | - | - |
Total Liabilities |
153 B | 150 B | 116 B | 116 B | 105 B | 95.9 B | 97.2 B | 97.4 B | 104 B | 63.8 B | 65.6 B | 56.1 B | 44.1 B | 36.7 B | 25.5 B | - | - |
Deferred Revenue |
- | - | - | 1.06 B | 853 M | 978 M | 1 B | 1.24 B | 120 M | - | - | - | - | - | - | - | - |
Retained Earnings |
-21.3 B | -20 B | -17.1 B | -15.5 B | -11 B | -10 B | -6.31 B | -5.54 B | -2.47 B | -716 M | 142 M | 1.57 B | 2.55 B | 3.46 B | 4.99 B | - | - |
Total Assets |
218 B | 219 B | 180 B | 180 B | 169 B | 160 B | 163 B | 167 B | 162 B | 85.2 B | 84.5 B | 72.9 B | 57.6 B | 47.2 B | 34.3 B | - | - |
Cash and Cash Equivalents |
1.09 B | 1.8 B | 5.9 B | 861 M | 286 M | 452 M | 648 M | 518 M | 480 M | 2.12 B | 1.02 B | 1.26 B | 756 M | 1.78 B | 723 M | 376 M | 456 M |
Book Value |
65.9 B | 68.9 B | 64.5 B | 63.4 B | 63.4 B | 64.4 B | 66 B | 69.5 B | 58.1 B | 21.4 B | 18.9 B | 16.8 B | 13.5 B | 10.5 B | 8.84 B | - | - |
Total Shareholders Equity |
62.3 B | 65.9 B | 61.5 B | 59.9 B | 60.8 B | 61.4 B | 66 B | 69.5 B | 58.1 B | 21.4 B | 18.9 B | 16.8 B | 13.5 B | 10.5 B | 10.6 B | 9.18 B | - |
Annual performance
Select metrics to display
All numbers in CAD currency
Quarterly Balance Sheet Enbridge
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q4 | 2009-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
105 B | 104 B | 103 B | 587 M | 101 B | 97 B | 97.2 B | 738 M | 87.3 B | 85.2 B | 81.4 B | 652 M | 68.8 B | 72.5 B | 71.7 B | 677 M | 74 B | 70 B | 70.5 B | 612 M | 65 B | 63.1 B | 62.7 B | 681 M | 63 B | 63.7 B | 63.6 B | 689 M | 705 M | 714 M | 757 M | 60.3 B | 58.7 B | 59.9 B | 61.2 B | 60.9 B | 60.9 B | 62.1 B | 60.9 B | 36.5 B | - | 34.3 B | - | 39.4 B | - | 36.3 B | - | 33.3 B | - | 26.7 B | - | 22.4 B | - | 20.1 B | - | 20.2 B | - | - | - | 19.3 B | - | - | - | - | - |
Total Non Current Liabilities |
141 B | 138 B | 136 B | 132 B | 133 B | 128 B | 130 B | 126 B | 118 B | 115 B | 109 B | 98.4 B | 93.2 B | 95.9 B | 95.3 B | 95.9 B | 96.4 B | 90.3 B | 89.9 B | 87.3 B | 84.4 B | 82.3 B | 81.8 B | 81.9 B | 82.5 B | 83.3 B | 84 B | 77.9 B | 80.4 B | 78.7 B | 79.5 B | 78.6 B | 77.8 B | 78.5 B | 79.4 B | 77.7 B | - | 83.5 B | - | 47.5 B | - | 45.9 B | - | 51.4 B | - | 46.7 B | - | 42.2 B | - | 33 B | - | 28.3 B | - | 25.9 B | - | 25.2 B | - | - | - | - | - | - | - | - | - |
Total Liabilities |
167 B | 163 B | 160 B | 153 B | 148 B | 143 B | 149 B | 150 B | 137 B | 131 B | 123 B | 116 B | 110 B | 110 B | 112 B | 116 B | 114 B | 108 B | 105 B | 105 B | 99.9 B | 95.8 B | 94.7 B | 95.9 B | 94.1 B | 94.8 B | 98 B | 93.8 B | 94 B | 92 B | 92.6 B | 93.5 B | 91 B | 92.8 B | 92.2 B | 92.3 B | 92.3 B | 96.4 B | 92.3 B | 59.9 B | - | 59.5 B | - | 62.2 B | - | 56.2 B | - | 51.7 B | - | 43 B | - | 39 B | - | 33.5 B | - | 32.3 B | - | - | - | 30.2 B | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06 B | - | - | - | 853 M | - | - | - | 978 M | - | - | - | 652 M | - | - | - | 850 M | - | - | - | - | - | - | - | 138 M | - | - | - | 89 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-21.2 B | -20.3 B | -19.6 B | -21.3 B | -19.1 B | -17.7 B | -17.8 B | -20 B | -16.5 B | -15.8 B | -15.7 B | -17.1 B | -15 B | -13.7 B | -13.8 B | -15.5 B | -10.9 B | -10.4 B | -9.08 B | -11 B | -9.4 B | -8.39 B | -8.09 B | -10 B | -8.44 B | -7.8 B | -7.81 B | -6.31 B | -3.93 B | -3.39 B | -3.64 B | -5.54 B | -3.72 B | -2.65 B | -1.98 B | -2.47 B | -2.47 B | -465 M | -2.47 B | -716 M | - | 83 M | - | 142 M | - | 1.29 B | - | 1.57 B | - | 2.89 B | - | 2.55 B | - | 2.92 B | - | 3.17 B | - | - | - | 3.64 B | - | - | - | - | - |
Total Assets |
239 B | 232 B | 228 B | 218 B | 217 B | 212 B | 220 B | 219 B | 206 B | 201 B | 191 B | 180 B | 178 B | 174 B | 177 B | 180 B | 182 B | 173 B | 169 B | 169 B | 165 B | 161 B | 161 B | 160 B | 162 B | 165 B | 170 B | 163 B | 167 B | 165 B | 167 B | 167 B | 163 B | 165 B | 163 B | 162 B | 162 B | 169 B | 162 B | 85.2 B | - | 83.6 B | - | 84.5 B | - | 77.7 B | - | 72.7 B | - | 63 B | - | 57.6 B | - | 51.1 B | - | 46.8 B | - | - | - | 41.5 B | - | - | - | - | - |
Cash and Cash Equivalents |
5.14 B | 2.21 B | 1.97 B | 1.32 B | 1.65 B | 1.42 B | 2.32 B | 2 B | 2.1 B | 3.7 B | 1.38 B | 5.98 B | 2.65 B | 1.09 B | 1.05 B | 907 M | 1.06 B | 1.09 B | 454 M | 320 M | 515 M | 459 M | 524 M | 490 M | 692 M | 497 M | 840 M | 676 M | 872 M | 767 M | 757 M | 637 M | 726 M | 622 M | 723 M | 587 M | 480 M | 1.13 B | 480 M | 1.56 B | - | 1.26 B | 1.74 B | 688 M | - | 1.21 B | 1.19 B | 799 M | - | - | 849 M | 756 M | - | 1.08 B | 1.35 B | 1.78 B | - | 667 M | 1.09 B | 723 M | - | - | - | 376 M | 456 M |
Book Value |
71.7 B | 68.8 B | 68.5 B | 65.9 B | 68.8 B | 68.4 B | 71.3 B | 68.9 B | 68.8 B | 70.3 B | 67.3 B | 64.5 B | 68.5 B | 64 B | 65 B | 63.4 B | 67.4 B | 64.5 B | 64.3 B | 63.4 B | 64.7 B | 64.9 B | 66 B | 64.4 B | 68.4 B | 69.9 B | 72.3 B | 69.4 B | 72.7 B | 72.8 B | 73.9 B | 73.4 B | 72.2 B | 72.7 B | 71.3 B | 69.8 B | 69.8 B | 72.6 B | 69.8 B | 25.4 B | - | 24.1 B | - | 22.3 B | - | 21.5 B | - | 21 B | - | 20 B | - | 18.6 B | - | 17.5 B | - | 14.5 B | - | - | - | 11.3 B | - | - | - | - | - |
Total Shareholders Equity |
70.3 B | 68.1 B | 67.8 B | 65.2 B | 68.1 B | 68.4 B | 71.3 B | 68.9 B | 68.8 B | 70.3 B | 67.3 B | 64.5 B | 68.5 B | 64 B | 65 B | 63.4 B | 67.4 B | 64.5 B | 64.3 B | 63.4 B | 64.7 B | 64.9 B | 66 B | 64.4 B | 68.4 B | 69.9 B | 72.3 B | 69.4 B | 72.7 B | 72.8 B | 73.9 B | 73.4 B | 67.9 B | 68.2 B | 67.5 B | 65.7 B | 58.1 B | 68.9 B | 58.1 B | 22 B | - | 21 B | - | 20.2 B | - | 19.6 B | - | 18.8 B | - | 18.8 B | - | 17.5 B | - | 16.4 B | - | 13.5 B | - | 12.2 B | - | 7.47 B | - | - | - | 9.18 B | - |
Quarterly performance
Select metrics to display
All numbers in CAD currency
Balance Sheet is a fundamental financial report of Enbridge , providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
USA
Britain
Greece
Bermuda
Canada
Belgium
Monaco