Canadian National Railway Balance Sheet Health
Financial Health criteria checks 2/6
Canadian National Railway has a total shareholder equity of CA$19.4B and total debt of CA$20.5B, which brings its debt-to-equity ratio to 105.7%. Its total assets and total liabilities are CA$54.0B and CA$34.6B respectively. Canadian National Railway's EBIT is CA$7.0B making its interest coverage ratio 8.6. It has cash and short-term investments of CA$335.0M.
Key information
105.7%
Debt to equity ratio
CA$20.50b
Debt
| Interest coverage ratio | 8.6x |
| Cash | CA$335.00m |
| Equity | CA$19.40b |
| Total liabilities | CA$34.58b |
| Total assets | CA$53.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CY2's short term assets (CA$3.1B) do not cover its short term liabilities (CA$4.9B).
Long Term Liabilities: CY2's short term assets (CA$3.1B) do not cover its long term liabilities (CA$29.7B).
Debt to Equity History and Analysis
Debt Level: CY2's net debt to equity ratio (103.9%) is considered high.
Reducing Debt: CY2's debt to equity ratio has increased from 72.7% to 105.7% over the past 5 years.
Debt Coverage: CY2's debt is well covered by operating cash flow (33.4%).
Interest Coverage: CY2's interest payments on its debt are well covered by EBIT (8.6x coverage).