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Enbridge Inc 's Leverage Ratio
ENB's quarterly Leverage Ratio and Total Liabilities, Equity growth
Despite a net increase in borrowings by 30.54%, Enbridge Inc managed to enhance Leverage Ratio in the third quarter 2023 to 1.65, falling below the company's typical Leverage Ratio.
Within Natural Gas Utilities industry in the third quarter 2023, 13 other companies have achieved lower Leverage Ratio than Enbridge Inc in the III Quarter 2023. While Leverage Ratio total ranking has deteriorated compared to the second quarter 2023 from 1634 to 2399 .
Explain Leverage Ratio?
Who are ENB Customers?
What are ENB´s Total Liabilities?
Select the Comparisons :
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Select the Ratio:
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ENB Leverage Ratio |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Y / Y Equity Change |
1.55 % |
-0.77 % |
1.17 % |
30.61 % |
36.14 % |
Y / Y Total Liabilities Change |
-3.1 % |
2.26 % |
7.32 % |
44.67 % |
49.02 % |
Leverage Ratio MRQ |
1.65 |
1.77 |
1.78 |
1.89 |
1.73 |
ENB's Total
Ranking |
# 2399 |
# 1634 |
# 1635 |
# 391 |
# 2506 |
Seq. Equity Change |
39.59 % |
-1.52 % |
-21.43 % |
-5.98 % |
36.4 % |
Seq. Total Liabilities Change |
30.54 % |
-1.91 % |
-26.08 % |
2.38 % |
37.76 % |
Leverage Ratio third quarter 2023 Company Ranking |
Within: |
No. |
Natural Gas Utilities Industry |
# 14 |
Utilities Sector |
# 39 |
Overall Market |
# 2399 |
Leverage Ratio Statistics |
High |
Average |
Low |
3.18 |
1.79 |
1.3 |
(Dec 31 2015) |
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(Mar 31 2019) |
Cumulative Enbridge Inc 's Leverage Ratio
ENB's Leverage Ratio for the trailling 12 Months
ENB Leverage Ratio |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Y / Y Equity TTM Growth |
1.55 % |
-0.77 % |
1.17 % |
30.61 % |
36.14 % |
Y / Y Total Liabilities TTM Growth |
-3.1 % |
2.26 % |
7.32 % |
44.67 % |
49.02 % |
Leverage Ratio TTM |
1.77 |
1.79 |
1.78 |
1.76 |
1.71 |
Total
Ranking TTM |
# 2363
| # 155
| # 11
| # 8
| # 12
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Seq. Equity TTM Growth |
39.59 % |
-1.52 % |
-21.43 % |
-5.98 % |
36.4 % |
Seq. Total Liabilities TTM Growth |
30.54 % |
-1.91 % |
-26.08 % |
2.38 % |
37.76 % |
On the trailing twelve months basis Despite of the net new borrowings of 30.54% during the twelve months period ending in III Quarter 2023 Enbridge Inc has managed to decrease Leverage Ratio in the III Quarter 2023 to 1.77, above the ENB's average Leverage Ratio. Leverage Ratio is the average cumulative value over the last four quarters.
Among companies in the Natural Gas Utilities industry 9, during the past 12 months, other companies have achieved lower Leverage Ratio than Enbridge Inc . While Leverage Ratio total ranking has deteriorated during the twelve months ending in the III Quarter 2023, compared to the prior period, from 155 to 2363.
Explain Leverage Ratio?
Who are ENB Customers?
What are ENB´s Total Liabilities?
TTM Leverage Ratio Company Ranking |
Within: |
No. |
Within the Natural Gas Utilities Industry |
# 10 |
Utilities Sector |
# 24 |
Within the Market |
# 2363 |
trailing twelve months Leverage Ratio Statistics |
High |
Average |
Low |
1.84 |
1.53 |
1.29 | (Dec 31 2017) |
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(Dec 31 2019) |
Companies with similar Leverage Ratio in the quarter ending Sep 30 2023, within Natural Gas Utilities Industry | Leverage Ratio | Sep 30 2023 MRQ Total Liabilities | Sep 30 2023 MRQ Equity | Cheniere Energy Inc | 4.20 | $ 33,180.000 Millions | $ 7,907.000 Millions | Targa Resources Corp | 3.85 | $ 16,872.200 Millions | $ 4,377.800 Millions | Northwest Natural Holding Company | 2.96 | $ 3,612.654 Millions | $ 1,219.540 Millions | Nextdecade Corporation | 2.96 | $ 2,421.418 Millions | $ 817.635 Millions | Ugi Corporation | 2.30 | $ 10,087.000 Millions | $ 4,394.000 Millions | Southwest Gas Holdings Inc | 2.29 | $ 7,401.459 Millions | $ 3,238.745 Millions | Williams Companies Inc | 2.15 | $ 30,796.000 Millions | $ 14,343.000 Millions | Archrock inc | 2.08 | $ 1,790.397 Millions | $ 861.093 Millions | Spire Inc | 2.07 | $ 6,040.600 Millions | $ 2,917.300 Millions | One Gas Inc | 1.90 | $ 5,034.493 Millions | $ 2,646.747 Millions | New Jersey Resources Corporation | 1.88 | $ 3,749.542 Millions | $ 1,990.735 Millions | Holly Energy Partners Lp | 1.70 | $ 1,635.791 Millions | $ 964.349 Millions | Rgc Resources Inc | 1.68 | $ 169.604 Millions | $ 100.733 Millions | Enbridge Inc | 1.65 | $ 113,318.000 Millions | $ 68,474.000 Millions | Kodiak Gas Services Inc | 1.62 | $ 1,901.247 Millions | $ 1,171.792 Millions | Oneok Inc | 1.52 | $ 24,748.000 Millions | $ 16,299.000 Millions | Excelerate Energy Inc | 1.33 | $ 2,400.293 Millions | $ 1,803.112 Millions | Clean Energy Technologies Inc | 1.19 | $ 6.409 Millions | $ 5.389 Millions | Kinder Morgan Inc | 1.19 | $ 37,492.000 Millions | $ 31,581.000 Millions | National Fuel Gas Company | 1.14 | $ 3,387.968 Millions | $ 2,963.376 Millions | Dt Midstream Inc | 1.13 | $ 4,783.000 Millions | $ 4,221.000 Millions | Atmos Energy Corp | 0.73 | $ 7,906.725 Millions | $ 10,870.064 Millions | Hf Sinclair Corporation | 0.66 | $ 7,016.802 Millions | $ 10,615.267 Millions | Clean Energy Fuels Corp | 0.44 | $ 307.213 Millions | $ 691.612 Millions | Montauk Renewables Inc | 0.40 | $ 98.146 Millions | $ 243.235 Millions | Stabilis Solutions Inc | 0.36 | $ 21.522 Millions | $ 59.561 Millions | Chesapeake Utilities Corporation | 0.35 | $ 305.644 Millions | $ 866.677 Millions |
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