Canadian Natural Resources Ltd (CNQ) — Cash Flow-to-Debt Ratio

Latest as of September 2025: 0.09x

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. Explore CNQ long-term asset investment ratio to see how much of total assets are deployed in long-term investments.

CF-to-Debt Ratio

0.09x
Operating CF / Total Liabilities

Operating Cash Flow

CA$3.94 Billion
CAD

Total Liabilities

CA$45.13 Billion
CAD

Data as of

Sep 2025
Most recent filing

Canadian Natural Resources Ltd Cash Flow-to-Debt Ratio (1993–2024)

Historical debt coverage capacity for Canadian Natural Resources Ltd across 32 annual periods. Also explore CNQ total assets for the complete picture of this company's asset base.

Annual Cash Flow-to-Debt Ratio for Canadian Natural Resources Ltd (1993–2024)

Year-by-year debt coverage analysis for Canadian Natural Resources Ltd. For market capitalisation and broader financial context, see CNQ market cap overview.

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 —
Cash Flow-to-Debt Ratio = Operating Cash Flow / Total Liabilities. Higher is better for debt service capacity.