Canadian Natural Resources Ltd (CNQ) — Cash Flow Quality Index
Canadian Natural Resources Ltd (CNQ) has a Cash Flow Quality Index of 6.57x as of September 2025. Operating cash flow of CA$3.94 Billion exceeds net income of CA$600.00 Million, indicating high earnings quality where cash backs reported profits. Explore Canadian Natural Resources Ltd cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Canadian Natural Resources Ltd Cash Flow Quality Index (1993–2024)
Historical Cash Flow Quality Index for Canadian Natural Resources Ltd across 29 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Canadian Natural Resources Ltd cash conversion from operations.
Annual Cash Flow Quality Index for Canadian Natural Resources Ltd (1993–2024)
Year-by-year earnings quality comparison for Canadian Natural Resources Ltd.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | 2.19x | CA$13.39 Billion | CA$6.11 Billion | ▲ +46.1% |
| 2023 | 1.50x | CA$12.35 Billion | CA$8.23 Billion | ▼ -15.4% |
| 2022 | 1.77x | CA$19.39 Billion | CA$10.94 Billion | ▼ -6.1% |
| 2021 | 1.89x | CA$14.48 Billion | CA$7.66 Billion | ▲ +15.9% |
| 2019 | 1.63x | CA$8.83 Billion | CA$5.42 Billion | ▼ -58.3% |
| 2018 | 3.91x | CA$10.12 Billion | CA$2.59 Billion | ▲ +28.9% |
| 2017 | 3.03x | CA$7.26 Billion | CA$2.40 Billion | ▲ +40.7% |
| 2014 | 2.15x | CA$8.46 Billion | CA$3.93 Billion | ▼ -32.3% |
| 2013 | 3.18x | CA$7.22 Billion | CA$2.27 Billion | ▼ -3.1% |
| 2012 | 3.28x | CA$6.21 Billion | CA$1.89 Billion | ▲ +38.9% |
| 2011 | 2.36x | CA$6.24 Billion | CA$2.64 Billion | ▼ -36.2% |
| 2010 | 3.70x | CA$6.28 Billion | CA$1.70 Billion | ▲ +0.7% |
| 2009 | 3.68x | CA$5.81 Billion | CA$1.58 Billion | ▲ +171.0% |
| 2008 | 1.36x | CA$6.77 Billion | CA$4.99 Billion | ▼ -39.2% |
| 2007 | 2.23x | CA$5.82 Billion | CA$2.61 Billion | ▲ +34.9% |
| 2006 | 1.65x | CA$4.18 Billion | CA$2.52 Billion | ▼ -63.8% |
| 2005 | 4.57x | CA$4.80 Billion | CA$1.05 Billion | ▲ +74.0% |
| 2004 | 2.63x | CA$3.69 Billion | CA$1.41 Billion | ▲ +16.9% |
| 2003 | 2.25x | CA$3.13 Billion | CA$1.39 Billion | ▼ -36.2% |
| 2002 | 3.52x | CA$2.02 Billion | CA$574.44 Million | ▲ +31.2% |
| 2001 | 2.68x | CA$1.89 Billion | CA$703.60 Million | ▲ +14.8% |
| 2000 | 2.34x | CA$1.83 Billion | CA$784.34 Million | ▼ -30.2% |
| 1999 | 3.35x | CA$668.40 Million | CA$199.65 Million | ▼ -46.5% |
| 1998 | 6.26x | CA$368.42 Million | CA$58.82 Million | ▲ +34.2% |
| 1997 | 4.67x | CA$520.37 Million | CA$111.51 Million | ▲ +19.6% |
| 1996 | 3.90x | CA$370.60 Million | CA$95.00 Million | ▲ +11.8% |
| 1995 | 3.49x | CA$147.90 Million | CA$42.40 Million | ▲ +25.3% |
| 1994 | 2.78x | CA$150.90 Million | CA$54.20 Million | ▲ +6.1% |
| 1993 | 2.62x | CA$90.00 Million | CA$34.30 Million | — |