Canadian Natural Resources Ltd Cash Flow-to-Debt Ratio
Canadian Natural Resources Ltd cash flow-to-debt ratio. Canadian Natural Resources Ltd (CNQ) has a Cash Flow-to-Debt Ratio of 0.09x as of September 2025, meaning its operating cash flow of CA$3.94 Billion could theoretically repay 0% of its total liabilities (CA$45.13 Billion) in one year. Check CNQ total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of Canadian Natural Resources Ltd (1993–2024)
Cash flow-to-debt ratio of Canadian Natural Resources Ltd from 1993 to 2024. Historical debt coverage capacity for Canadian Natural Resources Ltd across 32 annual periods. Check Canadian Natural Resources Ltd cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Canadian Natural Resources Ltd Cash Flow-to-Debt Ratio by Year (1993–2024)
Canadian Natural Resources Ltd cash flow-to-debt ratio by year from 1993 to 2024. Year-by-year debt coverage analysis for Canadian Natural Resources Ltd. For the full cash flow conversion analysis, see CNQ cash generation efficiency.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.29x | CA$13.39 Billion | CA$45.89 Billion | ▼ -14.7% |
| 2023 | 0.34x | CA$12.35 Billion | CA$36.12 Billion | ▼ -33.0% |
| 2022 | 0.51x | CA$19.39 Billion | CA$37.97 Billion | ▲ +40.1% |
| 2021 | 0.36x | CA$14.48 Billion | CA$39.72 Billion | ▲ +231.7% |
| 2020 | 0.11x | CA$4.71 Billion | CA$42.90 Billion | ▼ -46.3% |
| 2019 | 0.20x | CA$8.83 Billion | CA$43.13 Billion | ▼ -19.9% |
| 2018 | 0.26x | CA$10.12 Billion | CA$39.59 Billion | ▲ +48.6% |
| 2017 | 0.17x | CA$7.26 Billion | CA$42.21 Billion | ▲ +61.4% |
| 2016 | 0.11x | CA$3.45 Billion | CA$32.38 Billion | ▼ -39.6% |
| 2015 | 0.18x | CA$5.63 Billion | CA$31.89 Billion | ▼ -34.6% |
| 2014 | 0.27x | CA$8.46 Billion | CA$31.31 Billion | ▼ -2.7% |
| 2013 | 0.28x | CA$7.22 Billion | CA$25.98 Billion | ▲ +10.5% |
| 2012 | 0.25x | CA$6.21 Billion | CA$24.70 Billion | ▼ -1.8% |
| 2011 | 0.26x | CA$6.24 Billion | CA$24.38 Billion | ▼ -11.6% |
| 2010 | 0.29x | CA$6.28 Billion | CA$21.68 Billion | ▲ +7.7% |
| 2009 | 0.27x | CA$5.81 Billion | CA$21.60 Billion | ▼ -3.5% |
| 2008 | 0.28x | CA$6.77 Billion | CA$24.28 Billion | ▲ +9.2% |
| 2007 | 0.26x | CA$5.82 Billion | CA$22.79 Billion | ▲ +37.4% |
| 2006 | 0.19x | CA$4.18 Billion | CA$22.47 Billion | ▼ -47.2% |
| 2005 | 0.35x | CA$4.80 Billion | CA$13.62 Billion | ▲ +5.9% |
| 2004 | 0.33x | CA$3.69 Billion | CA$11.09 Billion | ▼ -14.1% |
| 2003 | 0.39x | CA$3.13 Billion | CA$8.08 Billion | ▲ +62.7% |
| 2002 | 0.24x | CA$2.02 Billion | CA$8.49 Billion | ▼ -34.7% |
| 2001 | 0.36x | CA$1.89 Billion | CA$5.17 Billion | ▼ -9.2% |
| 2000 | 0.40x | CA$1.83 Billion | CA$4.56 Billion | ▲ +77.9% |
| 1999 | 0.23x | CA$668.40 Million | CA$2.96 Billion | ▲ +20.8% |
| 1998 | 0.19x | CA$368.42 Million | CA$1.97 Billion | ▼ -38.0% |
| 1997 | 0.30x | CA$520.37 Million | CA$1.73 Billion | ▼ -19.6% |
| 1996 | 0.37x | CA$370.60 Million | CA$988.40 Million | ▲ +2.4% |
| 1995 | 0.37x | CA$147.90 Million | CA$404.10 Million | ▼ -7.4% |
| 1994 | 0.40x | CA$150.90 Million | CA$381.60 Million | ▲ +16.7% |
| 1993 | 0.34x | CA$90.00 Million | CA$265.70 Million | — |