Enbridge Inc (ENB) — Working Capital to Net Assets Ratio
Enbridge Inc (ENB) has a Working Capital to Net Assets ratio of -6.5% as of March 2026. Working capital of CA$-6.21 Billion (current assets of CA$26.32 Billion minus current liabilities of CA$32.53 Billion) is measured against net assets of CA$95.58 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Enbridge Inc leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Enbridge Inc Working Capital to Net Assets (1988–2025)
This chart shows how Enbridge Inc's Working Capital to Net Assets ratio has evolved across 38 annual periods from 1988 to 2025. As of March 2026, the ratio stands at -6.5%, reflecting working capital of CA$-6.21 Billion against net assets of CA$95.58 Billion CAD. See defensive interval ratio of Enbridge Inc to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Enbridge Inc (1988–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Enbridge Inc from 1988 to 2025, covering 38 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Enbridge Inc stock valuation.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -11.8% | CA$-7.81 Billion | CA$65.92 Billion | CA$13.20 Billion | CA$21.00 Billion | ▲ +3.6 pp |
| 2024 | -15.5% | CA$-10.65 Billion | CA$68.89 Billion | CA$13.16 Billion | CA$23.81 Billion | ▼ -10.7 pp |
| 2023 | -4.7% | CA$-3.04 Billion | CA$64.48 Billion | CA$14.40 Billion | CA$17.43 Billion | ▲ +8.2 pp |
| 2022 | -12.9% | CA$-8.15 Billion | CA$63.40 Billion | CA$12.15 Billion | CA$20.30 Billion | ▲ +1.8 pp |
| 2021 | -14.6% | CA$-9.27 Billion | CA$63.37 Billion | CA$8.96 Billion | CA$18.23 Billion | ▼ -4.3 pp |
| 2020 | -10.3% | CA$-6.63 Billion | CA$64.36 Billion | CA$7.35 Billion | CA$13.98 Billion | ▲ +0.1 pp |
| 2019 | -10.4% | CA$-7.18 Billion | CA$69.41 Billion | CA$8.82 Billion | CA$16.01 Billion | ▼ -1.8 pp |
| 2018 | -8.6% | CA$-6.28 Billion | CA$73.44 Billion | CA$8.57 Billion | CA$14.86 Billion | ▼ -0.3 pp |
| 2017 | -8.2% | CA$-5.41 Billion | CA$65.73 Billion | CA$9.21 Billion | CA$14.62 Billion | ▲ +12.5 pp |
| 2016 | -20.7% | CA$-4.56 Billion | CA$21.96 Billion | CA$8.41 Billion | CA$12.97 Billion | ▼ -4.8 pp |
| 2015 | -15.9% | CA$-3.22 Billion | CA$20.20 Billion | CA$7.60 Billion | CA$10.81 Billion | ▼ -9.0 pp |
| 2014 | -6.9% | CA$-1.30 Billion | CA$18.80 Billion | CA$8.20 Billion | CA$9.50 Billion | ▲ +14.7 pp |
| 2013 | -21.6% | CA$-3.78 Billion | CA$17.51 Billion | CA$6.95 Billion | CA$10.73 Billion | ▼ -18.2 pp |
| 2012 | -3.4% | CA$-469.00 Million | CA$13.76 Billion | CA$6.60 Billion | CA$7.07 Billion | ▲ +2.4 pp |
| 2011 | -5.8% | CA$-565.00 Million | CA$9.69 Billion | CA$4.29 Billion | CA$4.86 Billion | ▼ -10.8 pp |
| 2010 | 4.9% | CA$406.00 Million | CA$8.22 Billion | CA$3.76 Billion | CA$3.35 Billion | ▲ +7.4 pp |
| 2009 | -2.4% | CA$-194.00 Million | CA$7.99 Billion | CA$3.60 Billion | CA$3.79 Billion | ▲ +2.9 pp |
| 2008 | -5.4% | CA$-397.60 Million | CA$7.42 Billion | CA$3.71 Billion | CA$4.11 Billion | ▼ -1.1 pp |
| 2007 | -4.2% | CA$-250.00 Million | CA$5.93 Billion | CA$3.26 Billion | CA$3.51 Billion | ▼ -1.0 pp |
| 2006 | -3.2% | CA$-169.70 Million | CA$5.33 Billion | CA$3.05 Billion | CA$3.22 Billion | ▲ +0.3 pp |
| 2005 | -3.5% | CA$-175.10 Million | CA$4.96 Billion | CA$3.08 Billion | CA$3.25 Billion | ▲ +5.3 pp |
| 2004 | -8.8% | CA$-395.40 Million | CA$4.49 Billion | CA$2.35 Billion | CA$2.74 Billion | ▼ -2.4 pp |
| 2003 | -6.4% | CA$-297.10 Million | CA$4.65 Billion | CA$2.05 Billion | CA$2.35 Billion | ▼ -0.1 pp |
| 2002 | -6.2% | CA$-274.50 Million | CA$4.39 Billion | CA$1.44 Billion | CA$1.72 Billion | ▲ +22.8 pp |
| 2001 | -29.0% | CA$-918.60 Million | CA$3.16 Billion | CA$2.28 Billion | CA$3.20 Billion | ▼ -31.6 pp |
| 2000 | 2.6% | CA$74.40 Million | CA$2.89 Billion | CA$1.33 Billion | CA$1.26 Billion | ▼ -5.0 pp |
| 1999 | 7.6% | CA$196.76 Million | CA$2.60 Billion | CA$1.11 Billion | CA$910.45 Million | ▲ +16.9 pp |
| 1998 | -9.3% | CA$-192.72 Million | CA$2.06 Billion | CA$1.09 Billion | CA$1.29 Billion | ▲ +24.5 pp |
| 1997 | -33.8% | CA$-574.55 Million | CA$1.70 Billion | CA$797.86 Million | CA$1.37 Billion | ▼ -8.7 pp |
| 1996 | -25.1% | CA$-350.97 Million | CA$1.40 Billion | CA$653.97 Million | CA$1.00 Billion | ▼ -3.8 pp |
| 1995 | -21.4% | CA$-284.97 Million | CA$1.33 Billion | CA$603.76 Million | CA$888.74 Million | ▼ -47.9 pp |
| 1994 | 26.6% | CA$180.67 Million | CA$679.90 Million | CA$977.28 Million | CA$796.61 Million | ▼ -30.8 pp |
| 1993 | 57.3% | CA$265.55 Million | CA$463.20 Million | CA$344.45 Million | CA$78.90 Million | ▲ +6.1 pp |
| 1992 | 51.2% | CA$234.97 Million | CA$458.87 Million | CA$395.04 Million | CA$160.08 Million | ▼ -13.5 pp |
| 1991 | 64.7% | CA$296.74 Million | CA$458.75 Million | CA$685.23 Million | CA$388.49 Million | ▲ +77.6 pp |
| 1990 | -12.9% | CA$-146.04 Million | CA$1.13 Billion | CA$160.42 Million | CA$306.46 Million | ▼ -1.1 pp |
| 1989 | -11.8% | CA$-125.30 Million | CA$1.07 Billion | CA$162.02 Million | CA$287.32 Million | ▼ -5.9 pp |
| 1988 | -5.9% | CA$-58.34 Million | CA$991.65 Million | CA$156.65 Million | CA$214.98 Million | — |