Canadian Natural Resources Balance Sheet Health
Financial Health criteria checks 4/6
Canadian Natural Resources has a total shareholder equity of CA$39.5B and total debt of CA$11.0B, which brings its debt-to-equity ratio to 27.9%. Its total assets and total liabilities are CA$76.0B and CA$36.5B respectively. Canadian Natural Resources's EBIT is CA$9.8B making its interest coverage ratio 15.7. It has cash and short-term investments of CA$1.4B.
Key information
27.9%
Debt to equity ratio
CA$11.04b
Debt
Interest coverage ratio | 15.7x |
Cash | CA$1.37b |
Equity | CA$39.51b |
Total liabilities | CA$36.47b |
Total assets | CA$75.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CRC's short term assets (CA$7.5B) do not cover its short term liabilities (CA$8.5B).
Long Term Liabilities: CRC's short term assets (CA$7.5B) do not cover its long term liabilities (CA$28.0B).
Debt to Equity History and Analysis
Debt Level: CRC's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: CRC's debt to equity ratio has reduced from 65% to 27.9% over the past 5 years.
Debt Coverage: CRC's debt is well covered by operating cash flow (126.1%).
Interest Coverage: CRC's interest payments on its debt are well covered by EBIT (15.7x coverage).