Canadian National Railway Balance Sheet Health
Financial Health criteria checks 2/6
Canadian National Railway has a total shareholder equity of CA$19.5B and total debt of CA$20.7B, which brings its debt-to-equity ratio to 106.3%. Its total assets and total liabilities are CA$54.5B and CA$35.0B respectively. Canadian National Railway's EBIT is CA$7.0B making its interest coverage ratio 8.1. It has cash and short-term investments of CA$273.0M.
Key information
106.3%
Debt to equity ratio
CA$20.69b
Debt
| Interest coverage ratio | 8.1x |
| Cash | CA$273.00m |
| Equity | CA$19.46b |
| Total liabilities | CA$35.02b |
| Total assets | CA$54.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNIC34's short term assets (CA$3.0B) do not cover its short term liabilities (CA$4.7B).
Long Term Liabilities: CNIC34's short term assets (CA$3.0B) do not cover its long term liabilities (CA$30.3B).
Debt to Equity History and Analysis
Debt Level: CNIC34's net debt to equity ratio (104.9%) is considered high.
Reducing Debt: CNIC34's debt to equity ratio has increased from 73.2% to 106.3% over the past 5 years.
Debt Coverage: CNIC34's debt is well covered by operating cash flow (34.4%).
Interest Coverage: CNIC34's interest payments on its debt are well covered by EBIT (8.1x coverage).