Canadian National Railway Co (CNR) — Cash Flow-to-Debt Ratio
Canadian National Railway Co (CNR) has a Cash Flow-to-Debt Ratio of 0.06x as of December 2025, meaning its operating cash flow of CA$2.23 Billion could theoretically repay 0% of its total liabilities (CA$36.99 Billion) in one year. See Canadian National Railway Co financial flexibility index to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Canadian National Railway Co Cash Flow-to-Debt Ratio (1995–2025)
Historical debt coverage capacity for Canadian National Railway Co across 31 annual periods. For the full cash flow conversion analysis, see CNR cash flow metrics.
Annual Cash Flow-to-Debt Ratio for Canadian National Railway Co (1995–2025)
Year-by-year debt coverage analysis for Canadian National Railway Co. Check Canadian National Railway Co cash earnings quality to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.19x | CA$7.05 Billion | CA$36.99 Billion | ▲ +2.5% |
| 2024 | 0.19x | CA$6.70 Billion | CA$36.02 Billion | ▼ -13.1% |
| 2023 | 0.21x | CA$6.96 Billion | CA$32.55 Billion | ▼ -6.0% |
| 2022 | 0.23x | CA$6.67 Billion | CA$29.28 Billion | ▼ -15.7% |
| 2021 | 0.27x | CA$6.97 Billion | CA$25.79 Billion | ▲ +10.3% |
| 2020 | 0.25x | CA$6.17 Billion | CA$25.15 Billion | ▲ +6.5% |
| 2019 | 0.23x | CA$5.92 Billion | CA$25.74 Billion | ▼ -8.4% |
| 2018 | 0.25x | CA$5.92 Billion | CA$23.57 Billion | ▼ -4.5% |
| 2017 | 0.26x | CA$5.52 Billion | CA$20.97 Billion | ▲ +12.3% |
| 2016 | 0.23x | CA$5.20 Billion | CA$22.22 Billion | ▼ -2.3% |
| 2015 | 0.24x | CA$5.14 Billion | CA$21.45 Billion | ▲ +0.2% |
| 2014 | 0.24x | CA$4.38 Billion | CA$18.32 Billion | ▲ +16.0% |
| 2013 | 0.21x | CA$3.55 Billion | CA$17.21 Billion | ▲ +5.4% |
| 2012 | 0.20x | CA$3.06 Billion | CA$15.64 Billion | ▲ +0.9% |
| 2011 | 0.19x | CA$2.98 Billion | CA$15.35 Billion | ▼ -10.0% |
| 2010 | 0.22x | CA$3.00 Billion | CA$13.92 Billion | ▲ +31.8% |
| 2009 | 0.16x | CA$2.28 Billion | CA$13.94 Billion | ▲ +30.1% |
| 2008 | 0.13x | CA$2.03 Billion | CA$16.16 Billion | ▼ -30.9% |
| 2007 | 0.18x | CA$2.42 Billion | CA$13.28 Billion | ▼ -12.5% |
| 2006 | 0.21x | CA$2.95 Billion | CA$14.18 Billion | ▼ -0.5% |
| 2005 | 0.21x | CA$2.71 Billion | CA$12.94 Billion | ▲ +27.8% |
| 2004 | 0.16x | CA$2.14 Billion | CA$13.08 Billion | ▼ -1.5% |
| 2003 | 0.17x | CA$1.98 Billion | CA$11.90 Billion | ▲ +37.7% |
| 2002 | 0.12x | CA$1.61 Billion | CA$13.37 Billion | ▲ +2.2% |
| 2001 | 0.12x | CA$1.62 Billion | CA$13.73 Billion | ▼ -16.0% |
| 2000 | 0.14x | CA$1.51 Billion | CA$10.72 Billion | ▲ +9.7% |
| 1999 | 0.13x | CA$1.28 Billion | CA$10.01 Billion | ▼ -28.5% |
| 1998 | 0.18x | CA$1.23 Billion | CA$6.85 Billion | ▲ +2.0% |
| 1997 | 0.18x | CA$642.67 Million | CA$3.66 Billion | ▲ +19.4% |
| 1996 | 0.15x | CA$567.04 Million | CA$3.86 Billion | ▲ +327.0% |
| 1995 | 0.03x | CA$134.00 Million | CA$3.89 Billion | — |