Enbridge Inc (ENB) — Capital Reinvestment Ratio
Enbridge Inc (ENB) has a Capital Reinvestment Ratio of 0.69x as of June 2026, meaning it reinvests 1% of its operating cash flow (CA$4.29 Billion) in capital expenditures (CA$2.98 Billion). Check ENB goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Enbridge Inc Capital Reinvestment Ratio (1991–2025)
This chart tracks Enbridge Inc's Capital Reinvestment Ratio across 35 annual periods. For the full cash flow conversion analysis, see ENB cash flow conversion.
Annual Capital Reinvestment Ratio for Enbridge Inc (1991–2025)
Year-by-year Capital Reinvestment Ratio for Enbridge Inc from 1991 to 2025. See Enbridge Inc free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.69x | CA$12.95 Billion | CA$8.97 Billion | ▲ +26.0% |
| 2024 | 0.55x | CA$12.60 Billion | CA$6.93 Billion | ▲ +60.2% |
| 2023 | 0.34x | CA$14.20 Billion | CA$4.88 Billion | ▼ -20.0% |
| 2022 | 0.43x | CA$11.23 Billion | CA$4.82 Billion | ▼ -46.2% |
| 2021 | 0.80x | CA$9.79 Billion | CA$7.82 Billion | ▲ +39.0% |
| 2020 | 0.57x | CA$9.78 Billion | CA$5.62 Billion | ▼ -5.1% |
| 2019 | 0.61x | CA$9.40 Billion | CA$5.69 Billion | ▼ -13.4% |
| 2018 | 0.70x | CA$10.50 Billion | CA$7.35 Billion | ▼ -48.0% |
| 2017 | 1.35x | CA$6.58 Billion | CA$8.86 Billion | ▲ +33.5% |
| 2016 | 1.01x | CA$5.21 Billion | CA$5.25 Billion | ▼ -37.5% |
| 2015 | 1.61x | CA$4.57 Billion | CA$7.37 Billion | ▼ -61.7% |
| 2014 | 4.21x | CA$2.55 Billion | CA$10.73 Billion | ▲ +66.7% |
| 2013 | 2.53x | CA$3.34 Billion | CA$8.45 Billion | ▲ +29.0% |
| 2012 | 1.96x | CA$2.87 Billion | CA$5.63 Billion | ▲ +146.4% |
| 2011 | 0.80x | CA$3.37 Billion | CA$2.68 Billion | ▼ -38.8% |
| 2010 | 1.30x | CA$1.85 Billion | CA$2.41 Billion | ▼ -21.0% |
| 2009 | 1.65x | CA$2.02 Billion | CA$3.32 Billion | ▼ -37.2% |
| 2008 | 2.62x | CA$1.39 Billion | CA$3.64 Billion | ▲ +57.1% |
| 2007 | 1.67x | CA$1.38 Billion | CA$2.30 Billion | ▲ +82.6% |
| 2006 | 0.91x | CA$1.30 Billion | CA$1.19 Billion | ▲ +21.3% |
| 2005 | 0.75x | CA$903.50 Million | CA$680.60 Million | ▲ +34.6% |
| 2004 | 0.56x | CA$886.70 Million | CA$496.40 Million | ▼ -43.5% |
| 2003 | 0.99x | CA$395.20 Million | CA$391.30 Million | ▲ +19.0% |
| 2002 | 0.83x | CA$877.40 Million | CA$729.90 Million | ▼ -83.7% |
| 2001 | 5.10x | CA$133.90 Million | CA$683.30 Million | ▲ +269.8% |
| 2000 | 1.38x | CA$264.00 Million | CA$364.30 Million | ▼ -14.6% |
| 1999 | 1.62x | CA$495.08 Million | CA$800.35 Million | ▼ -65.1% |
| 1998 | 4.63x | CA$316.25 Million | CA$1.46 Billion | ▲ +207.1% |
| 1997 | 1.51x | CA$432.02 Million | CA$651.47 Million | ▲ +44.7% |
| 1996 | 1.04x | CA$538.03 Million | CA$560.50 Million | ▲ +15.7% |
| 1995 | 0.90x | CA$476.14 Million | CA$428.69 Million | ▼ -52.2% |
| 1994 | 1.89x | CA$199.75 Million | CA$376.63 Million | ▲ +203.6% |
| 1993 | 0.62x | CA$133.44 Million | CA$82.87 Million | ▼ -40.3% |
| 1992 | 1.04x | CA$111.51 Million | CA$116.08 Million | ▲ +59.1% |
| 1991 | 0.65x | CA$180.49 Million | CA$118.10 Million | — |