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: Excellent Growth In 2025
Jan 14Canadian Natural Resources: How We Would Play 2025
Dec 26Canadian Natural Resources: Pullback Is A Golden Opportunity For Value Investors
Dec 10Canadian 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 26Financial 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).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/15 00:52 |
| End of Day Share Price | 2025/01/14 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
Canadian Natural Resources Limited is covered by 54 analysts. 6 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 |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Patrick O'Rourke | ATB Capital Markets |
| Thomas Driscoll | Barclays |