Enbridge Inc (ENB) — Capital Reinvestment Ratio
Latest as of March 2026:
0.95x
Enbridge Inc (ENB) has a Capital Reinvestment Ratio of 0.95x as of March 2026, meaning it reinvests 1% of its operating cash flow (CA$3.50 Billion) in capital expenditures (CA$3.35 Billion). See ENB FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.95x
Capex / Operating Cash Flow
Operating Cash Flow
CA$3.50 Billion
CAD
Capital Expenditures
CA$3.35 Billion
CAD
Data as of
Mar 2026
Most recent filing
Enbridge Inc Capital Reinvestment Ratio (1991–2025)
This chart tracks Enbridge Inc's Capital Reinvestment Ratio across 35 annual periods.
Annual Capital Reinvestment Ratio for Enbridge Inc (1991–2025)
Year-by-year Capital Reinvestment Ratio for Enbridge Inc from 1991 to 2025. For live market cap and broader valuation context, see Enbridge Inc (ENB) market capitalisation.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow