Canadian Natural Resources Ltd Capital Reinvestment Ratio
Canadian Natural Resources Ltd capital reinvestment ratio. Canadian Natural Resources Ltd (CNQ) has a Capital Reinvestment Ratio of 0.54x as of September 2025, meaning it reinvests 1% of its operating cash flow (CA$3.94 Billion) in capital expenditures (CA$2.12 Billion). See cash generation quality of Canadian Natural Resources Ltd to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Canadian Natural Resources Ltd (1993–2024)
Capital reinvestment ratio of Canadian Natural Resources Ltd from 1993 to 2024. This chart tracks Canadian Natural Resources Ltd's Capital Reinvestment Ratio across 32 annual periods. See Canadian Natural Resources Ltd free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
Canadian Natural Resources Ltd Capital Reinvestment Ratio by Year (1993–2024)
Canadian Natural Resources Ltd capital reinvestment ratio by year from 1993 to 2024. For the full cash flow conversion analysis, see how efficiently does Canadian Natural Resources Ltd generate cash.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.40x | CA$13.39 Billion | CA$5.38 Billion | ▲ +1.2% |
| 2023 | 0.40x | CA$12.35 Billion | CA$4.91 Billion | ▲ +51.0% |
| 2022 | 0.26x | CA$19.39 Billion | CA$5.10 Billion | ▼ -15.2% |
| 2021 | 0.31x | CA$14.48 Billion | CA$4.49 Billion | ▼ -42.8% |
| 2020 | 0.54x | CA$4.71 Billion | CA$2.56 Billion | ▲ +35.4% |
| 2019 | 0.40x | CA$8.83 Billion | CA$3.54 Billion | ▼ -2.9% |
| 2018 | 0.41x | CA$10.12 Billion | CA$4.17 Billion | ▼ -34.5% |
| 2017 | 0.63x | CA$7.26 Billion | CA$4.57 Billion | ▼ -42.8% |
| 2016 | 1.10x | CA$3.45 Billion | CA$3.80 Billion | ▲ +31.9% |
| 2015 | 0.84x | CA$5.63 Billion | CA$4.70 Billion | ▼ -30.8% |
| 2014 | 1.21x | CA$8.46 Billion | CA$10.21 Billion | ▲ +20.8% |
| 2013 | 1.00x | CA$7.22 Billion | CA$7.21 Billion | ▲ +1.6% |
| 2012 | 0.98x | CA$6.21 Billion | CA$6.10 Billion | ▼ -1.0% |
| 2011 | 0.99x | CA$6.24 Billion | CA$6.20 Billion | ▲ +17.0% |
| 2010 | 0.85x | CA$6.28 Billion | CA$5.33 Billion | ▲ +65.3% |
| 2009 | 0.51x | CA$5.81 Billion | CA$2.98 Billion | ▼ -53.2% |
| 2008 | 1.10x | CA$6.77 Billion | CA$7.43 Billion | ▼ -1.1% |
| 2007 | 1.11x | CA$5.82 Billion | CA$6.46 Billion | ▼ -36.1% |
| 2006 | 1.74x | CA$4.18 Billion | CA$7.27 Billion | ▲ +56.3% |
| 2005 | 1.11x | CA$4.80 Billion | CA$5.34 Billion | ▼ -10.4% |
| 2004 | 1.24x | CA$3.69 Billion | CA$4.58 Billion | ▲ +54.0% |
| 2003 | 0.81x | CA$3.13 Billion | CA$2.53 Billion | ▼ -6.9% |
| 2002 | 0.87x | CA$2.02 Billion | CA$1.75 Billion | ▼ -16.1% |
| 2001 | 1.03x | CA$1.89 Billion | CA$1.95 Billion | ▲ +46.0% |
| 2000 | 0.71x | CA$1.83 Billion | CA$1.30 Billion | ▼ -75.3% |
| 1999 | 2.87x | CA$668.40 Million | CA$1.92 Billion | ▲ +42.5% |
| 1998 | 2.01x | CA$368.42 Million | CA$741.49 Million | ▼ -9.2% |
| 1997 | 2.22x | CA$520.37 Million | CA$1.15 Billion | ▼ -32.4% |
| 1996 | 3.28x | CA$370.60 Million | CA$1.21 Billion | ▲ +95.2% |
| 1995 | 1.68x | CA$147.90 Million | CA$248.30 Million | ▼ -29.9% |
| 1994 | 2.39x | CA$150.90 Million | CA$361.40 Million | ▼ -23.4% |
| 1993 | 3.13x | CA$90.00 Million | CA$281.40 Million | — |