ENB Debt-to-Equity Ratio Analysis

The debt-to-equity ratio measures how much a company relies on borrowed money versus shareholder equity to fund its operations; a ratio of 1.69x means ENB has $1.69 in debt for every $1 of equity.

This is well above the Energy sector median of 0.74x, placing ENB in the 81st percentile among its peers, indicating a higher reliance on debt financing than most comparable companies. The year-over-year change and quarter-over-quarter change are both N/A, and the trend direction over the last eight quarters is also N/A, so no recent movement is available to assess. Without a trend, the combination of a high debt-to-equity level by itself points to elevated financial leverage, which increases fixed-interest costs and risk, but it may also reflect capital-intensive infrastructure investments typical in the energy sector. This metric contradicts the overall NEUTRAL verdict because the elevated leverage relative to the sector median introduces greater financial risk that a neutral rating would normally balance with other strengths. As a result, the debt-to-equity ratio suggests ENB carries a higher risk profile than its peers, which would typically tilt a verdict more cautious than neutral.

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