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 CNQ strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
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. Check CNQ intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Canadian Natural Resources Ltd (1993–2024)
Year-by-year earnings quality comparison for Canadian Natural Resources Ltd. For live market cap and the full company financial profile, see Canadian Natural Resources Ltd (CNQ) total market value.
| 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 | — |