Canadian Natural Resources Balance Sheet Health
Financial Health criteria checks 4/6
Canadian Natural Resources has a total shareholder equity of CA$39.9B and total debt of CA$10.0B, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are CA$75.1B and CA$35.2B respectively. Canadian Natural Resources's EBIT is CA$9.9B making its interest coverage ratio 17.5. It has cash and short-term investments of CA$721.0M.
Key information
25.1%
Debt to equity ratio
CA$10.03b
Debt
| Interest coverage ratio | 17.5x |
| Cash | CA$721.00m |
| Equity | CA$39.90b |
| Total liabilities | CA$35.18b |
| Total assets | CA$75.08b |
Recent financial health updates
No updates
Recent updates
Canadian Natural Resources: Prioritizing Shareholder Value
Nov 26Canadian Natural Resources Q3: Another Solid Quarter
Nov 08Top Pick Alert: Why I Just Became Even More Bullish On Canadian Natural Resources
Oct 31Canadian Natural Resources Is Growing Its Assets
Oct 19New Acquisition Makes Canadian Natural Resources A Very Comfortable Hold
Oct 09Why Canadian Natural Resources Is A Dividend Goldmine
Sep 0610% Return Yield At $80 WTI: Why Canadian Natural Remains My Favorite Oil Stock
Aug 02Canadian Natural Resources: One Of The Best Oil And Gas Yields
Jul 17Canadian Natural Resources Advantage: Low Breakeven Costs, High Reserves, And Strong Shareholder Returns
Jun 26Canadian Natural Resources: Rising Premium To Peer Group Points To Lower Relative Performance
Jun 12Canadian Natural Resources: My Top Pick For North American Oil And Gas
May 02Canadian Natural Resources: Expect Huge Shareholder Returns
Apr 06Canadian Natural Resources: Fully Priced, Good Time To Consider Switching
Mar 22Canadian Natural: Solid Performance, But Valuation Remains A Headwind
Feb 07A 12% Distribution Yield At $80 WTI Is Why I Sold Exxon To Buy Canadian Natural Resources
Jan 12Canadian Natural Resources: Dividend Increases And Share Buybacks Holding Up Valuation Despite Deteriorating Fundamentals
Jan 04Canadian Natural Resources: 2024, The Year Of The Shareholder
Nov 11>16% Yield Potential - Why I Believe Canadian Natural Is The Best Oil Stock Money Can Buy
Nov 0418% Yield Potential At $100 Oil: Why Canadian Natural Is My Favorite Oil Play
Sep 25Canadian Natural Resources Is One Of The Best Oil Stocks Money Can Buy
Aug 04Canadian Natural Resources: My Only Dividend Growth Investment
Jul 18Canadian Natural Resources: Looking To Add More Stock To My Portfolio
Jun 28Canadian Natural Resources: One Of The Best In The Industry
Jun 14Canadian Natural Resources: One Of The Safest Ways To Play Oil
Feb 09Canadian Natural Resources: 2023 Dividend Yield 5%, Together With Large Margin Of Safety
Jan 12Canadian Natural Resources: A Changing Story You Need To Know
Dec 14Canadian Natural Resources raises dividend by ~13% to CAD 0.85/share
Nov 03Canadian Natural Resources: Don't Buy Here And Risk Getting Trapped
Oct 25Canadian Natural Resources: "OPEC+ Put" Ensures Prolonged Dividend Growth
Oct 05Canadian Natural Resources: 2023 Total Yield Will Be Even Better
Sep 12Canadian Natural Resources: A New Golden Era For Dividends
Aug 26Canadian Natural Resources: Oil Price Pullback Is A Buying Opportunity
Aug 04Buy The Canadian E&P Majors Now For Their Future Income Potential
Jul 21Financial Position Analysis
Short Term Liabilities: CNQ's short term assets (CA$6.8B) do not cover its short term liabilities (CA$8.0B).
Long Term Liabilities: CNQ's short term assets (CA$6.8B) do not cover its long term liabilities (CA$27.2B).
Debt to Equity History and Analysis
Debt Level: CNQ's net debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: CNQ's debt to equity ratio has reduced from 64.6% to 25.1% over the past 5 years.
Debt Coverage: CNQ's debt is well covered by operating cash flow (147.3%).
Interest Coverage: CNQ's interest payments on its debt are well covered by EBIT (17.5x coverage).