Enbridge Inc. (TSE:ENB) Has A ROE Of 9.4% [Yahoo! Finance]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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US:NYSE Investor Relations:
enbridge.com/investment-center/dashboard
Company Research
Source: Yahoo! Finance
To keep the lesson grounded in practicality, we'll use ROE to better understand Enbridge Inc. ( TSE:ENB ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. See our latest analysis for Enbridge How Is ROE Calculated? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Enbridge is: 9.4% = CA$6.1b ÷ CA$64b (Based on the trailing twelve months to December 2023). The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each CA$1 of shareholders' capital it has, the company made CA$0.09 in profit. Does Enbridge Have A Good Return On Equity? Arguably the easiest way to assess company's ROE is to compare it with the average in
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ENB
News
- Enbridge Announces Conversion Results for Series R Preferred SharesPR Newswire
- Most actively traded companies on the Toronto Stock Exchange [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Most actively traded companies on the Toronto Stock Exchange [Yahoo! Finance Canada]Yahoo! Finance Canada
- A Dividend Powerhouse I'd Choose Over Suncor Immediately [Yahoo! Finance Canada]Yahoo! Finance Canada
- Enbridge (ENB) Plans Equity Offering to Fund Major Acquisition [Yahoo! Finance]Yahoo! Finance
ENB
Earnings
- 5/10/24 - Beat
ENB
Sec Filings
- 5/15/24 - Form 8-K
- 5/15/24 - Form 424B5
- 5/10/24 - Form 10-Q
- ENB's page on the SEC website