• Enbridge Inc average debt/equity ratio for 2023 was 1.1, a 0.9% increase from 2022.
• Enbridge Inc average debt/equity ratio for 2022 was 1.11, a 11% decline from 2021.
• Enbridge Inc average debt/equity ratio for 2021 was 1, a 8.7% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.