Canadian Natural Resources Ltd (CNQ) — Financial Flexibility Index
Canadian Natural Resources Ltd (CNQ) has a Financial Flexibility Index of 0.13x as of September 2025. Free cash flow of CA$6.06 Billion (operating CF CA$3.94 Billion minus capex CA$2.12 Billion) represents 0% of total liabilities (CA$45.13 Billion). Check how aggressively does Canadian Natural Resources Ltd reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Canadian Natural Resources Ltd Financial Flexibility Index (1993–2024)
Historical Financial Flexibility Index trend for Canadian Natural Resources Ltd across 32 annual periods. For the full cash flow conversion analysis, see Canadian Natural Resources Ltd cash flow conversion.
Annual Financial Flexibility Index for Canadian Natural Resources Ltd (1993–2024)
Year-by-year free cash flow to debt coverage for Canadian Natural Resources Ltd. Explore how well can Canadian Natural Resources Ltd service its debt to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (CAD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.41x | CA$18.77 Billion | CA$13.39 Billion | CA$45.89 Billion | ▼ -14.4% |
| 2023 | 0.48x | CA$17.26 Billion | CA$12.35 Billion | CA$36.12 Billion | ▼ -25.9% |
| 2022 | 0.65x | CA$24.49 Billion | CA$19.39 Billion | CA$37.97 Billion | ▲ +35.1% |
| 2021 | 0.48x | CA$18.97 Billion | CA$14.48 Billion | CA$39.72 Billion | ▲ +181.8% |
| 2020 | 0.17x | CA$7.27 Billion | CA$4.71 Billion | CA$42.90 Billion | ▼ -40.9% |
| 2019 | 0.29x | CA$12.36 Billion | CA$8.83 Billion | CA$43.13 Billion | ▼ -20.6% |
| 2018 | 0.36x | CA$14.30 Billion | CA$10.12 Billion | CA$39.59 Billion | ▲ +28.8% |
| 2017 | 0.28x | CA$11.84 Billion | CA$7.26 Billion | CA$42.21 Billion | ▲ +25.1% |
| 2016 | 0.22x | CA$7.25 Billion | CA$3.45 Billion | CA$32.38 Billion | ▼ -30.9% |
| 2015 | 0.32x | CA$10.34 Billion | CA$5.63 Billion | CA$31.89 Billion | ▼ -45.6% |
| 2014 | 0.60x | CA$18.67 Billion | CA$8.46 Billion | CA$31.31 Billion | ▲ +7.4% |
| 2013 | 0.56x | CA$14.43 Billion | CA$7.22 Billion | CA$25.98 Billion | ▲ +11.4% |
| 2012 | 0.50x | CA$12.31 Billion | CA$6.21 Billion | CA$24.70 Billion | ▼ -2.3% |
| 2011 | 0.51x | CA$12.44 Billion | CA$6.24 Billion | CA$24.38 Billion | ▼ -4.7% |
| 2010 | 0.54x | CA$11.62 Billion | CA$6.28 Billion | CA$21.68 Billion | ▲ +31.6% |
| 2009 | 0.41x | CA$8.80 Billion | CA$5.81 Billion | CA$21.60 Billion | ▼ -30.4% |
| 2008 | 0.58x | CA$14.20 Billion | CA$6.77 Billion | CA$24.28 Billion | ▲ +8.5% |
| 2007 | 0.54x | CA$12.28 Billion | CA$5.82 Billion | CA$22.79 Billion | ▲ +5.8% |
| 2006 | 0.51x | CA$11.44 Billion | CA$4.18 Billion | CA$22.47 Billion | ▼ -31.6% |
| 2005 | 0.74x | CA$10.14 Billion | CA$4.80 Billion | CA$13.62 Billion | ▼ -0.2% |
| 2004 | 0.75x | CA$8.27 Billion | CA$3.69 Billion | CA$11.09 Billion | ▲ +6.6% |
| 2003 | 0.70x | CA$5.66 Billion | CA$3.13 Billion | CA$8.08 Billion | ▲ +57.5% |
| 2002 | 0.44x | CA$3.77 Billion | CA$2.02 Billion | CA$8.49 Billion | ▼ -40.1% |
| 2001 | 0.74x | CA$3.84 Billion | CA$1.89 Billion | CA$5.17 Billion | ▲ +8.1% |
| 2000 | 0.69x | CA$3.13 Billion | CA$1.83 Billion | CA$4.56 Billion | ▼ -21.5% |
| 1999 | 0.87x | CA$2.59 Billion | CA$668.40 Million | CA$2.96 Billion | ▲ +55.1% |
| 1998 | 0.56x | CA$1.11 Billion | CA$368.42 Million | CA$1.97 Billion | ▼ -41.9% |
| 1997 | 0.97x | CA$1.67 Billion | CA$520.37 Million | CA$1.73 Billion | ▼ -39.6% |
| 1996 | 1.60x | CA$1.59 Billion | CA$370.60 Million | CA$988.40 Million | ▲ +63.6% |
| 1995 | 0.98x | CA$396.20 Million | CA$147.90 Million | CA$404.10 Million | ▼ -27.0% |
| 1994 | 1.34x | CA$512.30 Million | CA$150.90 Million | CA$381.60 Million | ▼ -4.0% |
| 1993 | 1.40x | CA$371.40 Million | CA$90.00 Million | CA$265.70 Million | — |