Canadian National Railway Co (CNR) — Financial Flexibility Index
Canadian National Railway Co (CNR) has a Financial Flexibility Index of 0.09x as of December 2025. Free cash flow of CA$3.46 Billion (operating CF CA$2.23 Billion minus capex CA$1.23 Billion) represents 0% of total liabilities (CA$36.99 Billion). Check CNR cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Canadian National Railway Co Financial Flexibility Index (1995–2025)
Historical Financial Flexibility Index trend for Canadian National Railway Co across 31 annual periods. For the full cash flow conversion analysis, see CNR cash generation efficiency.
Annual Financial Flexibility Index for Canadian National Railway Co (1995–2025)
Year-by-year free cash flow to debt coverage for Canadian National Railway Co. Explore CNR operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (CAD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.29x | CA$10.71 Billion | CA$7.05 Billion | CA$36.99 Billion | ▲ +1.7% |
| 2024 | 0.28x | CA$10.25 Billion | CA$6.70 Billion | CA$36.02 Billion | ▼ -8.8% |
| 2023 | 0.31x | CA$10.15 Billion | CA$6.96 Billion | CA$32.55 Billion | ▼ -3.0% |
| 2022 | 0.32x | CA$9.42 Billion | CA$6.67 Billion | CA$29.28 Billion | ▼ -15.9% |
| 2021 | 0.38x | CA$9.86 Billion | CA$6.97 Billion | CA$25.79 Billion | ▲ +6.5% |
| 2020 | 0.36x | CA$9.03 Billion | CA$6.17 Billion | CA$25.15 Billion | ▼ -5.6% |
| 2019 | 0.38x | CA$9.79 Billion | CA$5.92 Billion | CA$25.74 Billion | ▼ -5.1% |
| 2018 | 0.40x | CA$9.45 Billion | CA$5.92 Billion | CA$23.57 Billion | ▲ +2.7% |
| 2017 | 0.39x | CA$8.19 Billion | CA$5.52 Billion | CA$20.97 Billion | ▲ +9.8% |
| 2016 | 0.36x | CA$7.90 Billion | CA$5.20 Billion | CA$22.22 Billion | ▼ -2.8% |
| 2015 | 0.37x | CA$7.85 Billion | CA$5.14 Billion | CA$21.45 Billion | ▲ +0.3% |
| 2014 | 0.36x | CA$6.68 Billion | CA$4.38 Billion | CA$18.32 Billion | ▲ +13.6% |
| 2013 | 0.32x | CA$5.52 Billion | CA$3.55 Billion | CA$17.21 Billion | ▲ +4.7% |
| 2012 | 0.31x | CA$4.79 Billion | CA$3.06 Billion | CA$15.64 Billion | ▲ +2.2% |
| 2011 | 0.30x | CA$4.60 Billion | CA$2.98 Billion | CA$15.35 Billion | ▼ -9.0% |
| 2010 | 0.33x | CA$4.58 Billion | CA$3.00 Billion | CA$13.92 Billion | ▲ +24.7% |
| 2009 | 0.26x | CA$3.68 Billion | CA$2.28 Billion | CA$13.94 Billion | ▲ +23.5% |
| 2008 | 0.21x | CA$3.46 Billion | CA$2.03 Billion | CA$16.16 Billion | ▼ -25.3% |
| 2007 | 0.29x | CA$3.80 Billion | CA$2.42 Billion | CA$13.28 Billion | ▼ -4.4% |
| 2006 | 0.30x | CA$4.25 Billion | CA$2.95 Billion | CA$14.18 Billion | ▼ -0.4% |
| 2005 | 0.30x | CA$3.89 Billion | CA$2.71 Billion | CA$12.94 Billion | ▲ +22.5% |
| 2004 | 0.25x | CA$3.21 Billion | CA$2.14 Billion | CA$13.08 Billion | ▼ -3.2% |
| 2003 | 0.25x | CA$3.02 Billion | CA$1.98 Billion | CA$11.90 Billion | ▲ +33.0% |
| 2002 | 0.19x | CA$2.55 Billion | CA$1.61 Billion | CA$13.37 Billion | ▼ -2.2% |
| 2001 | 0.20x | CA$2.68 Billion | CA$1.62 Billion | CA$13.73 Billion | ▼ -15.2% |
| 2000 | 0.23x | CA$2.46 Billion | CA$1.51 Billion | CA$10.72 Billion | ▲ +3.6% |
| 1999 | 0.22x | CA$2.22 Billion | CA$1.28 Billion | CA$10.01 Billion | ▼ -22.6% |
| 1998 | 0.29x | CA$1.97 Billion | CA$1.23 Billion | CA$6.85 Billion | ▼ -13.9% |
| 1997 | 0.33x | CA$1.22 Billion | CA$642.67 Million | CA$3.66 Billion | ▲ +20.9% |
| 1996 | 0.28x | CA$1.06 Billion | CA$567.04 Million | CA$3.86 Billion | ▲ +133.2% |
| 1995 | 0.12x | CA$460.00 Million | CA$134.00 Million | CA$3.89 Billion | — |