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Enbridge Inc   (ENB)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities

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?


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)   (Mar 31 2019)




Financial Statements
Enbridge Inc 's Equity $ 68,474 Millions Visit ENB's Balance sheet
Enbridge Inc 's Total Liabilities $ 113,318 Millions Visit ENB's Balance sheet
Source of ENB's Sales Visit ENB's Sales by Geography


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
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)   (Dec 31 2019)




Companies with similar Leverage Ratio in the quarter ending Sep 30 2023, within Natural Gas Utilities Industry Leverage RatioSep 30 2023 MRQ Total LiabilitiesSep 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

Date modified: 2023-11-04T20:36:50+00:00



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