Enbridge Inc (ENB) - Net Assets

Latest as of December 2025: CA$65.92 Billion CAD ≈ $47.69 Billion USD

Based on the latest financial reports, Enbridge Inc (ENB) has net assets worth CA$65.92 Billion CAD (≈ $47.69 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$218.47 Billion ≈ $158.04 Billion USD) and total liabilities (CA$152.55 Billion ≈ $110.35 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$65.92 Billion
% of Total Assets 30.17%
Annual Growth Rate 12.01%
5-Year Change 4.03%
10-Year Change 200.16%
Growth Volatility 37.64

Enbridge Inc - Net Assets Trend (1988–2025)

This chart illustrates how Enbridge Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Enbridge Inc (1988–2025)

The table below shows the annual net assets of Enbridge Inc from 1988 to 2025.

Year Net Assets Change
2025-12-31 CA$65.92 Billion
≈ $47.69 Billion		 -4.31%
2024-12-31 CA$68.89 Billion
≈ $49.84 Billion		 +6.84%
2023-12-31 CA$64.48 Billion
≈ $46.65 Billion		 +1.71%
2022-12-31 CA$63.40 Billion
≈ $45.86 Billion		 +0.05%
2021-12-31 CA$63.37 Billion
≈ $45.84 Billion		 -1.55%
2020-12-31 CA$64.36 Billion
≈ $46.56 Billion		 -7.27%
2019-12-31 CA$69.41 Billion
≈ $50.21 Billion		 -5.49%
2018-12-31 CA$73.44 Billion
≈ $53.12 Billion		 +11.72%
2017-12-31 CA$65.73 Billion
≈ $47.55 Billion		 +199.29%
2016-12-31 CA$21.96 Billion
≈ $15.89 Billion		 +8.74%
2015-12-31 CA$20.20 Billion
≈ $14.61 Billion		 +7.43%
2014-12-31 CA$18.80 Billion
≈ $13.60 Billion		 +7.37%
2013-12-31 CA$17.51 Billion
≈ $12.67 Billion		 +27.27%
2012-12-31 CA$13.76 Billion
≈ $9.95 Billion		 +42.03%
2011-12-31 CA$9.69 Billion
≈ $7.01 Billion		 +17.80%
2010-12-31 CA$8.22 Billion
≈ $5.95 Billion		 +2.94%
2009-12-31 CA$7.99 Billion
≈ $5.78 Billion		 +7.71%
2008-12-31 CA$7.42 Billion
≈ $5.36 Billion		 +25.15%
2007-12-31 CA$5.93 Billion
≈ $4.29 Billion		 +11.26%
2006-12-31 CA$5.33 Billion
≈ $3.85 Billion		 +7.36%
2005-12-31 CA$4.96 Billion
≈ $3.59 Billion		 +10.40%
2004-12-31 CA$4.49 Billion
≈ $3.25 Billion		 -3.35%
2003-12-31 CA$4.65 Billion
≈ $3.36 Billion		 +5.82%
2002-12-31 CA$4.39 Billion
≈ $3.18 Billion		 +38.88%
2001-12-31 CA$3.16 Billion
≈ $2.29 Billion		 +9.46%
2000-12-31 CA$2.89 Billion
≈ $2.09 Billion		 +11.12%
1999-12-31 CA$2.60 Billion
≈ $1.88 Billion		 +26.15%
1998-12-31 CA$2.06 Billion
≈ $1.49 Billion		 +21.31%
1997-12-31 CA$1.70 Billion
≈ $1.23 Billion		 +21.73%
1996-12-31 CA$1.40 Billion
≈ $1.01 Billion		 +4.61%
1995-12-31 CA$1.33 Billion
≈ $965.33 Million		 +96.27%
1994-12-31 CA$679.90 Million
≈ $491.83 Million		 +46.78%
1993-12-31 CA$463.20 Million
≈ $335.07 Million		 +0.94%
1992-12-31 CA$458.87 Million
≈ $331.94 Million		 +0.03%
1991-12-31 CA$458.75 Million
≈ $331.85 Million		 -59.53%
1990-12-31 CA$1.13 Billion
≈ $819.96 Million		 +6.41%
1989-12-31 CA$1.07 Billion
≈ $770.55 Million		 +7.42%
1988-12-31 CA$991.65 Million
≈ $717.34 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Enbridge Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 3814.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Common Stock CA$71.88 Billion 115.31%
Other Comprehensive Income CA$4.68 Billion 7.51%
Other Components CA$7.06 Billion 11.33%
Total Equity CA$62.33 Billion 100.00%

Enbridge Inc Competitors by Market Cap

The table below lists competitors of Enbridge Inc ranked by their market capitalization.

Company Market Cap
Banco Bilbao Vizcaya Argentaria SA
MC:BBVA
 		$115.90 Billion
Sanofi
MX:SNYN
 		$117.45 Billion
Progressive Corp
NYSE:PGR
 		$117.74 Billion
BP p.l.c
MX:BPN
 		$117.90 Billion
Capital One Financial Corporation
NYSE:COF
 		$114.98 Billion
China Shenhua Energy Co
SHG:601088
 		$113.88 Billion
UNICREDIT S.P.A. ADR
F:CRIP
 		$112.81 Billion
Delta Electronics (Thailand) Public Company Limited
BK:DELTA
 		$112.75 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Enbridge Inc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 65,900,000,000 to 62,333,000,000, a change of -3,567,000,000 (-5.4%).
  • Net income of 7,491,000,000 contributed positively to equity growth.
  • Dividend payments of 8,639,000,000 reduced retained earnings.
  • Share repurchases of 28,000,000 reduced equity.
  • New share issuances of 28,000,000 increased equity.
  • Other comprehensive income decreased equity by 2,434,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$7.49 Billion +12.02%
Dividends Paid CA$8.64 Billion -13.86%
Share Repurchases CA$28.00 Million -0.04%
Share Issuances CA$28.00 Million +0.04%
Other Comprehensive Income CA$-2.43 Billion -3.9%
Other Changes CA$15.00 Million +0.02%
Total Change CA$- -5.41%

Book Value vs Market Value Analysis

This analysis compares Enbridge Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 2.56x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 46.53x to 2.56x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1988-12-31 CA$1.57 CA$72.86 x
1989-12-31 CA$1.64 CA$72.86 x
1990-12-31 CA$1.74 CA$72.86 x
1991-12-31 CA$0.72 CA$72.86 x
1992-12-31 CA$0.57 CA$72.86 x
1993-12-31 CA$0.73 CA$72.86 x
1994-12-31 CA$0.70 CA$72.86 x
1995-12-31 CA$1.21 CA$72.86 x
1996-12-31 CA$1.29 CA$72.86 x
1997-12-31 CA$1.43 CA$72.86 x
1998-12-31 CA$1.65 CA$72.86 x
1999-12-31 CA$2.08 CA$72.86 x
2000-12-31 CA$2.25 CA$72.86 x
2001-12-31 CA$2.41 CA$72.86 x
2002-12-31 CA$2.91 CA$72.86 x
2003-12-31 CA$3.00 CA$72.86 x
2004-12-31 CA$2.89 CA$72.86 x
2005-12-31 CA$6.26 CA$72.86 x
2006-12-31 CA$6.71 CA$72.86 x
2007-12-31 CA$7.36 CA$72.86 x
2008-12-31 CA$9.14 CA$72.86 x
2009-12-31 CA$9.92 CA$72.86 x
2010-12-31 CA$10.11 CA$72.86 x
2011-12-31 CA$11.62 CA$72.86 x
2012-12-31 CA$13.38 CA$72.86 x
2013-12-31 CA$16.52 CA$72.86 x
2014-12-31 CA$19.98 CA$72.86 x
2015-12-31 CA$22.03 CA$72.86 x
2016-12-31 CA$23.30 CA$72.86 x
2017-12-31 CA$37.95 CA$72.86 x
2018-12-31 CA$40.23 CA$72.86 x
2019-12-31 CA$32.69 CA$72.86 x
2020-12-31 CA$30.36 CA$72.86 x
2021-12-31 CA$30.04 CA$72.86 x
2022-12-31 CA$29.57 CA$72.86 x
2023-12-31 CA$29.86 CA$72.86 x
2024-12-31 CA$30.54 CA$72.86 x
2025-12-31 CA$28.51 CA$72.86 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Enbridge Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 12.02%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 11.50%
  • • Asset Turnover: 0.30x
  • • Equity Multiplier: 3.50x
  • Recent ROE (12.02%) is below the historical average (13.12%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1988 10.39% 12.01% 0.29x 3.02x CA$3.91 Million
1989 11.18% 13.33% 0.28x 2.99x CA$12.24 Million
1990 13.02% 15.18% 0.30x 2.87x CA$33.40 Million
1991 73.53% 53.83% 0.35x 3.86x CA$291.43 Million
1992 16.46% 19.25% 0.24x 3.63x CA$29.64 Million
1993 17.43% 20.44% 0.24x 3.60x CA$34.43 Million
1994 9.77% 7.37% 0.11x 11.98x CA$-1.01 Million
1995 11.90% 5.61% 0.45x 4.73x CA$20.79 Million
1996 12.92% 7.34% 0.43x 4.13x CA$40.74 Million
1997 12.79% 8.62% 0.38x 3.93x CA$47.36 Million
1998 11.68% 10.29% 0.28x 4.05x CA$34.72 Million
1999 11.99% 11.15% 0.29x 3.68x CA$49.71 Million
2000 15.00% 14.07% 0.28x 3.82x CA$138.16 Million
2001 15.93% 11.92% 0.31x 4.33x CA$179.69 Million
2002 15.92% 13.42% 0.35x 3.39x CA$226.86 Million
2003 16.98% 14.43% 0.35x 3.35x CA$288.20 Million
2004 16.39% 8.35% 0.52x 3.75x CA$254.38 Million
2005 13.18% 6.66% 0.49x 4.03x CA$135.95 Million
2006 13.50% 5.85% 0.58x 3.99x CA$161.24 Million
2007 13.40% 5.93% 0.60x 3.77x CA$179.58 Million
2008 20.06% 8.23% 0.65x 3.73x CA$665.82 Million
2009 21.51% 12.53% 0.44x 3.88x CA$835.90 Million
2010 12.82% 6.41% 0.50x 3.98x CA$213.50 Million
2011 11.36% 3.71% 0.79x 3.88x CA$119.90 Million
2012 6.81% 2.84% 0.53x 4.49x CA$-335.00 Million
2013 4.66% 1.87% 0.58x 4.27x CA$-720.60 Million
2014 8.37% 3.76% 0.51x 4.34x CA$-273.60 Million
2015 1.33% 0.72% 0.41x 4.48x CA$-1.64 Billion
2016 9.67% 5.98% 0.40x 4.01x CA$-69.60 Million
2017 4.92% 6.56% 0.27x 2.79x CA$-2.95 Billion
2018 4.15% 6.16% 0.28x 2.40x CA$-4.07 Billion
2019 8.64% 11.48% 0.30x 2.47x CA$-899.30 Million
2020 5.48% 8.65% 0.24x 2.61x CA$-2.77 Billion
2021 10.17% 13.22% 0.28x 2.78x CA$106.40 Million
2022 5.01% 5.62% 0.30x 3.00x CA$-2.99 Billion
2023 10.07% 14.44% 0.24x 2.93x CA$45.60 Million
2024 8.26% 10.15% 0.24x 3.32x CA$-1.15 Billion
2025 12.02% 11.50% 0.30x 3.50x CA$1.26 Billion

Industry Comparison

This section compares Enbridge Inc's net assets metrics with peer companies in the Oil & Gas Midstream industry.

Industry Context

  • Industry: Oil & Gas Midstream
  • Average net assets among peers: $7,185,343,158
  • Average return on equity (ROE) among peers: 10.17%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Enbridge Inc (ENB) CA$65.92 Billion 10.39% 2.31x $115.00 Billion
AltaGas Ltd (ALA) $3.57 Billion 3.64% 1.35x $11.21 Billion
Gibson Energy Inc. (GEI) $758.23 Million 19.92% 2.71x $3.35 Billion
Keyera Corp. (KEY) $2.78 Billion 15.26% 2.16x $8.31 Billion
Pembina Pipeline Corp (PPL) $13.85 Billion 6.38% 0.85x $24.93 Billion
South Bow Corporation (SOBO) $2.70 Billion 16.29% 3.13x $6.60 Billion
Source Rock Royalties Ltd (SRR) $27.44 Million 9.32% 0.05x $32.64 Million
Topaz Energy Corp (TPZ) $1.32 Billion 2.08% 0.26x $3.35 Billion
TC Energy Corp (TRP) $39.01 Billion 7.49% 2.21x $63.90 Billion
Tidewater Midstream and Infrastructure Ltd (TWM) $642.75 Million 11.12% 2.07x $121.58 Million

About Enbridge Inc

TO:ENB Canada Oil & Gas Midstream
Market Cap
$115.00 Billion
CA$158.97 Billion CAD
Market Cap Rank
#205 Global
#4 in Canada
Share Price
CA$72.86
Change (1 day)
+1.32%
52-Week Range
CA$59.95 - CA$75.83
All Time High
CA$75.83
Categories
Companies in Canada Oil & Gas Midstream
About

Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in… Read more