Canadian Natural Resources Balance Sheet Health
Financial Health criteria checks 4/6
Canadian Natural Resources has a total shareholder equity of CA$39.8B and total debt of CA$10.8B, which brings its debt-to-equity ratio to 27.1%. Its total assets and total liabilities are CA$76.0B and CA$36.1B respectively. Canadian Natural Resources's EBIT is CA$10.4B making its interest coverage ratio 16.4. It has cash and short-term investments of CA$1.4B.
Key information
27.1%
Debt to equity ratio
CA$10.80b
Debt
| Interest coverage ratio | 16.4x |
| Cash | CA$1.41b |
| Equity | CA$39.83b |
| Total liabilities | CA$36.12b |
| Total assets | CA$75.96b |
Recent financial health updates
No updates
Recent updates
Canadian 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 21Canadian Natural Resources: Collect Your Combined Yield Of 10.6%
Jun 24Canadian Natural Resources: Still Room For Market-Beating Returns
May 12Canadian Natural Resources: 2022 - The Year Of The Shareholder
Apr 05Best Oil Stocks To Buy As Crude Prices Jump - Our Favorite Is CNQ
Mar 25Canadian Natural Resources: Biggest Dividend Increase In History, Plenty More Coming
Mar 04Canadian Natural Resources: A Dip Is Coming. Buy It
Feb 07Financial Position Analysis
Short Term Liabilities: CNQ's short term assets (CA$7.2B) do not cover its short term liabilities (CA$7.4B).
Long Term Liabilities: CNQ's short term assets (CA$7.2B) do not cover its long term liabilities (CA$28.7B).
Debt to Equity History and Analysis
Debt Level: CNQ's net debt to equity ratio (23.6%) is considered satisfactory.
Reducing Debt: CNQ's debt to equity ratio has reduced from 64.5% to 27.1% over the past 5 years.
Debt Coverage: CNQ's debt is well covered by operating cash flow (114.4%).
Interest Coverage: CNQ's interest payments on its debt are well covered by EBIT (16.4x coverage).