Canadian National Railway Balance Sheet Health
Financial Health criteria checks 2/6
Canadian National Railway has a total shareholder equity of CA$20.9B and total debt of CA$16.6B, which brings its debt-to-equity ratio to 79.8%. Its total assets and total liabilities are CA$50.9B and CA$30.0B respectively. Canadian National Railway's EBIT is CA$8.3B making its interest coverage ratio 14.2. It has cash and short-term investments of CA$484.0M.
Key information
79.8%
Debt to equity ratio
CA$16.65b
Debt
Interest coverage ratio | 14.2x |
Cash | CA$484.00m |
Equity | CA$20.86b |
Total liabilities | CA$30.04b |
Total assets | CA$50.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CY2's short term assets (CA$3.4B) do not cover its short term liabilities (CA$4.6B).
Long Term Liabilities: CY2's short term assets (CA$3.4B) do not cover its long term liabilities (CA$25.4B).
Debt to Equity History and Analysis
Debt Level: CY2's net debt to equity ratio (77.5%) is considered high.
Reducing Debt: CY2's debt to equity ratio has increased from 71.8% to 79.8% over the past 5 years.
Debt Coverage: CY2's debt is well covered by operating cash flow (43%).
Interest Coverage: CY2's interest payments on its debt are well covered by EBIT (14.2x coverage).