Enbridge Inc Net Assets
Enbridge Inc net assets. Based on the latest financial reports, Enbridge Inc (ENB) has net assets worth CA$68.84 Billion CAD (≈ $49.80 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$231.65 Billion ≈ $167.57 Billion USD) and total liabilities (CA$162.80 Billion ≈ $117.77 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. Also explore how fast is Enbridge Inc growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$68.84 Billion |
| % of Total Assets | 29.72% |
| Annual Growth Rate | 12.01% |
| 5-Year Change | 4.03% |
| 10-Year Change | 200.16% |
| Growth Volatility | 37.64 |
Net Assets of Enbridge Inc (1988–2025)
Net assets of Enbridge Inc from 1988 to 2025. This chart illustrates how Enbridge Inc's net assets have evolved over time, based on quarterly financial data. See Enbridge Inc (ENB) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Enbridge Inc (1988–2025)
The table below shows the annual net assets of Enbridge Inc from 1988 to 2025. For live market cap and overall valuation, see market cap of Enbridge Inc.
| 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 |
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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.
Enbridge Inc Net Assets Breakdown (December 2025)
Enbridge Inc net assets breakdown by equity component as of 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 |
|---|---|
|
Delta Electronics Inc
TW:2308
|
$109.25 Billion |
|
Medtronic PLC
NYSE:MDT
|
$109.30 Billion |
|
BNP Paribas SA
PA:BNP
|
$109.75 Billion |
|
DBS GROUP ADR/4 SD 1
F:DEV
|
$109.87 Billion |
|
Rio Tinto Group
F:RIOA
|
$108.82 Billion |
|
GlaxoSmithKline plc
MX:GSKN
|
$108.32 Billion |
|
Hon Hai Precision Industry Co Ltd
TW:2317
|
$108.00 Billion |
|
Automatic Data Processing Inc
NASDAQ:ADP
|
$107.69 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: 2.42x
- 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 44.14x to 2.42x 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$69.11 | x |
| 1989-12-31 | CA$1.64 | CA$69.11 | x |
| 1990-12-31 | CA$1.74 | CA$69.11 | x |
| 1991-12-31 | CA$0.72 | CA$69.11 | x |
| 1992-12-31 | CA$0.57 | CA$69.11 | x |
| 1993-12-31 | CA$0.73 | CA$69.11 | x |
| 1994-12-31 | CA$0.70 | CA$69.11 | x |
| 1995-12-31 | CA$1.21 | CA$69.11 | x |
| 1996-12-31 | CA$1.29 | CA$69.11 | x |
| 1997-12-31 | CA$1.43 | CA$69.11 | x |
| 1998-12-31 | CA$1.65 | CA$69.11 | x |
| 1999-12-31 | CA$2.08 | CA$69.11 | x |
| 2000-12-31 | CA$2.25 | CA$69.11 | x |
| 2001-12-31 | CA$2.41 | CA$69.11 | x |
| 2002-12-31 | CA$2.91 | CA$69.11 | x |
| 2003-12-31 | CA$3.00 | CA$69.11 | x |
| 2004-12-31 | CA$2.89 | CA$69.11 | x |
| 2005-12-31 | CA$6.26 | CA$69.11 | x |
| 2006-12-31 | CA$6.71 | CA$69.11 | x |
| 2007-12-31 | CA$7.36 | CA$69.11 | x |
| 2008-12-31 | CA$9.14 | CA$69.11 | x |
| 2009-12-31 | CA$9.92 | CA$69.11 | x |
| 2010-12-31 | CA$10.11 | CA$69.11 | x |
| 2011-12-31 | CA$9.82 | CA$69.11 | x |
| 2012-12-31 | CA$13.05 | CA$69.11 | x |
| 2013-12-31 | CA$16.52 | CA$69.11 | x |
| 2014-12-31 | CA$19.98 | CA$69.11 | x |
| 2015-12-31 | CA$22.03 | CA$69.11 | x |
| 2016-12-31 | CA$23.30 | CA$69.11 | x |
| 2017-12-31 | CA$37.95 | CA$69.11 | x |
| 2018-12-31 | CA$40.23 | CA$69.11 | x |
| 2019-12-31 | CA$32.69 | CA$69.11 | x |
| 2020-12-31 | CA$30.36 | CA$69.11 | x |
| 2021-12-31 | CA$30.04 | CA$69.11 | x |
| 2022-12-31 | CA$29.57 | CA$69.11 | x |
| 2023-12-31 | CA$29.86 | CA$69.11 | x |
| 2024-12-31 | CA$30.54 | CA$69.11 | x |
| 2025-12-31 | CA$28.51 | CA$69.11 | 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 (13.08%), 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% | 16.12% | 0.24x | 3.82x | CA$138.16 Million |
| 2001 | 15.93% | 11.83% | 0.31x | 4.33x | CA$179.69 Million |
| 2002 | 15.11% | 12.74% | 0.35x | 3.39x | CA$195.96 Million |
| 2003 | 16.34% | 11.77% | 0.41x | 3.35x | CA$261.50 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 | 10.89% | 3.01% | 0.79x | 4.59x | CA$66.60 Million |
| 2012 | 6.90% | 2.81% | 0.53x | 4.60x | CA$-317.60 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: $3,339,072,866
- Average return on equity (ROE) among peers: 3.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Enbridge Inc (ENB) | CA$68.84 Billion | 10.39% | 2.36x | $109.19 Billion |
| AltaGas Ltd (ALA) | $1.21 Billion | 8.36% | 1.27x | $12.53 Billion |
| Gibson Energy Inc. (GEI) | $1.31 Billion | 8.89% | 1.14x | $4.25 Billion |
| Keyera Corp. (KEY) | $2.73 Billion | 14.44% | 1.48x | $9.21 Billion |
| Pembina Pipeline Corp (PPL) | $13.85 Billion | 6.38% | 0.85x | $30.16 Billion |
| South Bow Corporation (SOBO) | $2.70 Billion | 16.29% | 3.13x | $7.59 Billion |
| Source Rock Royalties Ltd (SRR) | $23.42 Million | 5.65% | 0.02x | $38.91 Million |
| Topaz Energy Corp (TPZ) | $1.52 Billion | 8.47% | 0.48x | $3.50 Billion |
| TC Energy Corp (TRP) | $6.49 Billion | 10.57% | 2.07x | $67.94 Billion |
| Tidewater Midstream and Infrastructure Ltd (TWM) | $217.10 Million | -51.68% | 4.09x | $349.94 Million |
About Enbridge Inc
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