Canadian National Railway Balance Sheet Health
Financial Health criteria checks 2/6
Canadian National Railway has a total shareholder equity of CA$19.9B and total debt of CA$19.7B, which brings its debt-to-equity ratio to 99.4%. Its total assets and total liabilities are CA$53.5B and CA$33.7B respectively. Canadian National Railway's EBIT is CA$7.0B making its interest coverage ratio 9.1. It has cash and short-term investments of CA$412.0M.
Key information
99.4%
Debt to equity ratio
CA$19.74b
Debt
Interest coverage ratio | 9.1x |
Cash | CA$412.00m |
Equity | CA$19.85b |
Total liabilities | CA$33.67b |
Total assets | CA$53.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CY2's short term assets (CA$3.3B) do not cover its short term liabilities (CA$5.5B).
Long Term Liabilities: CY2's short term assets (CA$3.3B) do not cover its long term liabilities (CA$28.2B).
Debt to Equity History and Analysis
Debt Level: CY2's net debt to equity ratio (97.3%) is considered high.
Reducing Debt: CY2's debt to equity ratio has increased from 74.9% to 99.4% over the past 5 years.
Debt Coverage: CY2's debt is well covered by operating cash flow (35.6%).
Interest Coverage: CY2's interest payments on its debt are well covered by EBIT (9.1x coverage).