• Enbridge Inc average return on tangible equity for 2023 was 12.78, a 23.93% increase from 2022.
• Enbridge Inc average return on tangible equity for 2022 was 16.8, a 14.29% decline from 2021.
• Enbridge Inc average return on tangible equity for 2021 was 19.6, a 199.69% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.