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Enbridge (Enbridge) Sloan Ratio % : -1.08% (As of Dec. 2023)


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What is Enbridge Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Enbridge's Sloan Ratio for the quarter that ended in Dec. 2023 was -1.08%.

As of Dec. 2023, Enbridge has a Sloan Ratio of -1.08%, indicating the company is in the safe zone and there is no funny business with accruals.


Enbridge Sloan Ratio % Historical Data

The historical data trend for Enbridge's Sloan Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Enbridge Sloan Ratio % Chart

Enbridge Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 -0.77 4.49 -1.65 -1.09

Enbridge Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.67 -2.30 -1.94 -2.80 -1.08

Competitive Comparison of Enbridge's Sloan Ratio %

For the Oil & Gas Midstream subindustry, Enbridge's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Enbridge's Sloan Ratio % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Enbridge's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Enbridge's Sloan Ratio % falls into.



Enbridge Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Enbridge's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(4614.639-10585.122
--4504.323)/134404.442
=-1.09%

Enbridge's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(4598.389-10534.437
--4482.545)/134404.442
=-1.08%

Enbridge's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 1327.925 (Mar. 2023 ) + 1456.42 (Jun. 2023 ) + 458.946 (Sep. 2023 ) + 1355.098 (Dec. 2023 ) = $4,598 Mil.
Enbridge's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 2825.404 (Mar. 2023 ) + 2588.439 (Jun. 2023 ) + 2279.211 (Sep. 2023 ) + 2841.383 (Dec. 2023 ) = $10,534 Mil.
Enbridge's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -1050.208 (Mar. 2023 ) + -674.394 (Jun. 2023 ) + -864.681 (Sep. 2023 ) + -1893.262 (Dec. 2023 ) = $-4,483 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Enbridge  (NYSE:ENB) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Dec. 2023, Enbridge has a Sloan Ratio of -1.08%, indicating the company is in the safe zone and there is no funny business with accruals.


Enbridge Sloan Ratio % Related Terms

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Enbridge (Enbridge) Business Description

Address
425 - 1st Street S.W., Suite 200, Calgary, AB, CAN, T2P 3L8
Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.
Executives
Albert Monaco director, officer: See Remarks #3000, 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Mark A. Maki officer: See remarks 425 - 1ST STREET S.W., CALGARY A0 T2P 3L8
Gruending Colin K officer: See Remarks 75 DISCOVERY RIDGE PLACE SW, CALGARY A0 T3H 5G4
Laura Buss Sayavedra officer: See Remarks 5400 WESTHEIMER COURT, HOUSTON TX 77056
William T. Yardley officer: See Remarks 5400 WESTHEIMER COURT, HOUSTON TX 77056
Susan M Cunningham director NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Cynthia L Hansen officer: See Remarks 500 CONSUMERS ROAD, NORTH YORK A6 M2J 1P8
Allen C Capps officer: See Remarks 5400 WESTHEIMER COURT, HOUSTON TX 77056-5310
D Guy Jarvis officer: See Remarks 3000, 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Teresa S Madden director 414 NICOLLET MALL, MINNEAPOLIS MN 55401
Byron C Neiles officer: See Remarks 3000, 425 1ST STREET SW, CALGARY A0 T2P 3L8
Robert R Rooney officer: See Remarks
John K Whelen officer: See Remarks 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Vernon D Yu officer: See Remarks 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Dan C Tutcher director 5400 WESTHEIMER COURT, HOUSTON TX 77056