Canadian National Railway Balance Sheet Health
Financial Health criteria checks 2/6
Canadian National Railway has a total shareholder equity of CA$21.3B and total debt of CA$21.2B, which brings its debt-to-equity ratio to 99.5%. Its total assets and total liabilities are CA$57.7B and CA$36.4B respectively. Canadian National Railway's EBIT is CA$7.0B making its interest coverage ratio 7.7. It has cash and short-term investments of CA$226.0M.
Key information
99.49%
Debt to equity ratio
CA$21.16b
Debt
| Interest coverage ratio | 7.7x |
| Cash | CA$226.00m |
| Equity | CA$21.27b |
| Total liabilities | CA$36.38b |
| Total assets | CA$57.65b |
Recent financial health updates
Canadian National Railway (TSE:CNR) Has A Pretty Healthy Balance Sheet
Jul 12
Is Canadian National Railway (TSE:CNR) Using Too Much Debt?
Mar 21Recent updates
Analysts Are Updating Their Canadian National Railway Company (TSE:CNR) Estimates After Its Third-Quarter Results
Nov 03
The Indispensable Artery for a New North American Economy
Core Thesis: Canadian National Railway (CN) is a wide-moat, irreplicable infrastructure asset whose recent cyclical underperformance has created an attractive entry point. I believe the market is underappreciating a powerful, long-term secular tailwind: the reshoring and nearshoring of critical manufacturing and supply chains to North America.Canadian National Railway (TSE:CNR) Has A Pretty Healthy Balance Sheet
Jul 12A Look At The Fair Value Of Canadian National Railway Company (TSE:CNR)
Jun 13Canadian National Railway (TSE:CNR) Hasn't Managed To Accelerate Its Returns
May 29Getting In Cheap On Canadian National Railway Company (TSE:CNR) Is Unlikely
May 01Should You Think About Buying Canadian National Railway Company (TSE:CNR) Now?
Apr 04Is Canadian National Railway (TSE:CNR) Using Too Much Debt?
Mar 21Estimating The Intrinsic Value Of Canadian National Railway Company (TSE:CNR)
Feb 19Canadian National Railway (TSE:CNR) Is Paying Out A Larger Dividend Than Last Year
Feb 04Canadian National Railway Company's (TSE:CNR) Popularity With Investors Is Under Threat From Overpricing
Jan 09Return Trends At Canadian National Railway (TSE:CNR) Aren't Appealing
Dec 22
Optimizing Rail Operations And Decisive Growth Initiatives Drive Robust Future Earnings
Improved operational efficiency through better resource management and scheduling enhances capacity and potentially boosts earnings.Financial Position Analysis
Short Term Liabilities: CNR's short term assets (CA$2.5B) do not cover its short term liabilities (CA$4.2B).
Long Term Liabilities: CNR's short term assets (CA$2.5B) do not cover its long term liabilities (CA$32.2B).
Debt to Equity History and Analysis
Debt Level: CNR's net debt to equity ratio (98.4%) is considered high.
Reducing Debt: CNR's debt to equity ratio has increased from 70.9% to 99.5% over the past 5 years.
Debt Coverage: CNR's debt is well covered by operating cash flow (32.2%).
Interest Coverage: CNR's interest payments on its debt are well covered by EBIT (7.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/24 06:28 |
| End of Day Share Price | 2025/11/24 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Canadian National Railway Company is covered by 46 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Will Chien | Accountability Research Corporation |
| John Eade | Argus Research Company |
| Christopher Murray | ATB Capital Markets |