Enbridge annual debt-to-equity ratio
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2025
Enbridge Debt-to-Equity Ratio Growth & History (ENB)
Enbridge's debt-to-equity ratio was 1.70 for fiscal 2025.
View full Enbridge company overviewEnbridge annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.70 | 0.14 | +8.98% |
| 2024 | 2024-12-31 | 1.56 | 0.22 | +16.67% |
| 2023 | 2023-12-31 | 1.33 | −0.03 | −2.31% |
| 2022 | 2022-12-31 | 1.36 | 0.11 | +8.75% |
| 2021 | 2021-12-31 | 1.26 | 0.15 | +13.84% |
| 2020 | 2020-12-31 | 1.10 | 0.11 | +10.75% |
| 2019 | 2019-12-31 | 1.00 | 0.07 | +7.04% |
| 2018 | 2018-12-31 | 0.93 | −0.19 | −17.05% |
| 2017 | 2017-12-31 | 1.12 | −0.79 | −41.44% |
| 2016 | 2016-12-31 | 1.91 | −0.31 | −13.81% |
| 2015 | 2015-12-31 | 2.22 | 0.12 | +5.48% |
| 2014 | 2014-12-31 | 2.11 | 0.21 | +11.28% |
| 2013 | 2013-12-31 | 1.89 | −0.20 | −9.55% |
| 2012 | 2012-12-31 | 2.09 | −0.60 | −22.40% |
| 2011 | 2011-12-31 | 2.70 | — | — |
Enbridge quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.61 | 0.12 | +7.85% |
| Q1 2026 | 2026-03-31 | 1.61 | 0.17 | +12.00% |
| Q4 2025 | 2025-12-31 | 1.70 | 0.14 | +8.98% |
| Q3 2025 | 2025-09-30 | 1.56 | 0.22 | +16.52% |
| Q2 2025 | 2025-06-30 | 1.50 | 0.23 | +17.77% |
| Q1 2025 | 2025-03-31 | 1.44 | 0.16 | +12.92% |
| Q4 2024 | 2024-12-31 | 1.56 | 0.22 | +16.67% |
| Q3 2024 | 2024-09-30 | 1.34 | 0.26 | +24.07% |
| Q2 2024 | 2024-06-30 | 1.27 | 0.06 | +4.92% |
| Q1 2024 | 2024-03-31 | 1.27 | 0.08 | +6.95% |
| Q4 2023 | 2023-12-31 | 1.33 | −0.03 | −2.31% |
| Q3 2023 | 2023-09-30 | 1.08 | −0.09 | −7.58% |
| Q2 2023 | 2023-06-30 | 1.21 | 0.06 | +4.78% |
| Q1 2023 | 2023-03-31 | 1.19 | 0.02 | +1.83% |
| Q4 2022 | 2022-12-31 | 1.36 | 0.11 | +8.75% |
| Q3 2022 | 2022-09-30 | 1.17 | 0.10 | +9.65% |
| Q2 2022 | 2022-06-30 | 1.16 | 0.12 | +11.10% |
| Q1 2022 | 2022-03-31 | 1.17 | 0.16 | +15.45% |
| Q4 2021 | 2021-12-31 | 1.26 | 0.15 | +13.84% |
| Q3 2021 | 2021-09-30 | 1.07 | 0.09 | +8.81% |
| Q2 2021 | 2021-06-30 | 1.04 | 0.08 | +8.20% |
| Q1 2021 | 2021-03-31 | 1.01 | 0.08 | +8.12% |
| Q4 2020 | 2020-12-31 | 1.10 | 0.11 | +10.75% |
| Q3 2020 | 2020-09-30 | 0.98 | 0.07 | +7.92% |
| Q2 2020 | 2020-06-30 | 0.96 | 0.07 | +7.95% |
| Q1 2020 | 2020-03-31 | 0.94 | 0.05 | +5.45% |
| Q4 2019 | 2019-12-31 | 1.00 | 0.07 | +7.04% |
| Q3 2019 | 2019-09-30 | 0.91 | −0.08 | −7.89% |
| Q2 2019 | 2019-06-30 | 0.89 | −0.09 | −9.25% |
| Q1 2019 | 2019-03-31 | 0.89 | −0.13 | −12.37% |
| Q4 2018 | 2018-12-31 | 0.93 | −0.19 | −17.05% |
| Q3 2018 | 2018-09-30 | 0.99 | — | — |
| Q2 2018 | 2018-06-30 | 0.98 | −0.09 | −8.71% |
| Q1 2018 | 2018-03-31 | 1.01 | — | — |
| Q4 2017 | 2017-12-31 | 1.12 | −0.79 | −41.44% |
| Q2 2017 | 2017-06-30 | 1.07 | −0.65 | −37.63% |
| Q4 2016 | 2016-12-31 | 1.91 | −0.31 | −13.81% |
| Q2 2016 | 2016-06-30 | 1.72 | −0.36 | −17.16% |
| Q4 2015 | 2015-12-31 | 2.22 | 0.12 | +5.48% |
| Q2 2015 | 2015-06-30 | 2.08 | 0.25 | +13.42% |
| Q4 2014 | 2014-12-31 | 2.11 | 0.21 | +11.28% |
| Q2 2014 | 2014-06-30 | 1.83 | 0.23 | +14.56% |
| Q4 2013 | 2013-12-31 | 1.89 | −0.20 | −9.55% |
| Q2 2013 | 2013-06-30 | 1.60 | — | — |
| Q4 2012 | 2012-12-31 | 2.09 | −0.60 | −22.40% |
| Q4 2011 | 2011-12-31 | 2.70 | — | — |
Enbridge debt-to-equity ratio trends
Over the last five fiscal years, Enbridge's debt-to-equity ratio increased from 1.10 to 1.70, a change of 0.59. The latest reported quarter, Q2 2026, shows 1.61.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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