Canadian Natural Resources Ltd (CNQ) — Free Cash Flow Generation Index
Canadian Natural Resources Ltd (CNQ) has a Free Cash Flow Generation Index of 0.46x as of September 2025. Free cash flow of CA$1.82 Billion represents 0% of operating cash flow (CA$3.94 Billion). See how liquid is Canadian Natural Resources Ltd's working capital to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Canadian Natural Resources Ltd Free Cash Flow Generation Index (1993–2024)
Historical FCF Generation Index trend for Canadian Natural Resources Ltd across 32 annual periods. Explore CNQ operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Canadian Natural Resources Ltd (1993–2024)
Year-by-year Free Cash Flow Generation Index for Canadian Natural Resources Ltd. For the full company profile including market capitalisation, see market cap of Canadian Natural Resources Ltd.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.60x | CA$8.00 Billion | CA$13.39 Billion | CA$5.38 Billion | ▼ -0.8% |
| 2023 | 0.60x | CA$7.44 Billion | CA$12.35 Billion | CA$4.91 Billion | ▼ -18.2% |
| 2022 | 0.74x | CA$14.29 Billion | CA$19.39 Billion | CA$5.10 Billion | ▲ +6.8% |
| 2021 | 0.69x | CA$9.99 Billion | CA$14.48 Billion | CA$4.49 Billion | ▲ +50.6% |
| 2020 | 0.46x | CA$2.16 Billion | CA$4.71 Billion | CA$2.56 Billion | ▼ -23.6% |
| 2019 | 0.60x | CA$5.29 Billion | CA$8.83 Billion | CA$3.54 Billion | ▲ +2.1% |
| 2018 | 0.59x | CA$5.95 Billion | CA$10.12 Billion | CA$4.17 Billion | ▲ +58.7% |
| 2017 | 0.37x | CA$2.69 Billion | CA$7.26 Billion | CA$4.57 Billion | ▲ +464.0% |
| 2016 | -0.10x | CA$-351.00 Million | CA$3.45 Billion | CA$3.80 Billion | ▼ -161.7% |
| 2015 | 0.16x | CA$928.00 Million | CA$5.63 Billion | CA$4.70 Billion | ▲ +179.7% |
| 2014 | -0.21x | CA$-1.75 Billion | CA$8.46 Billion | CA$10.21 Billion | ▼ -21420.1% |
| 2013 | 0.00x | CA$7.00 Million | CA$7.22 Billion | CA$7.21 Billion | ▼ -94.3% |
| 2012 | 0.02x | CA$105.00 Million | CA$6.21 Billion | CA$6.10 Billion | ▲ +151.4% |
| 2011 | 0.01x | CA$42.00 Million | CA$6.24 Billion | CA$6.20 Billion | ▼ -95.5% |
| 2010 | 0.15x | CA$949.00 Million | CA$6.28 Billion | CA$5.33 Billion | ▼ -69.0% |
| 2009 | 0.49x | CA$2.83 Billion | CA$5.81 Billion | CA$2.98 Billion | ▲ +593.8% |
| 2008 | -0.10x | CA$-666.59 Million | CA$6.77 Billion | CA$7.43 Billion | ▲ +11.2% |
| 2007 | -0.11x | CA$-645.55 Million | CA$5.82 Billion | CA$6.46 Billion | ▲ +85.0% |
| 2006 | -0.74x | CA$-3.09 Billion | CA$4.18 Billion | CA$7.27 Billion | ▼ -553.4% |
| 2005 | -0.11x | CA$-543.09 Million | CA$4.80 Billion | CA$5.34 Billion | ▲ +53.2% |
| 2004 | -0.24x | CA$-892.73 Million | CA$3.69 Billion | CA$4.58 Billion | ▼ -225.1% |
| 2003 | 0.19x | CA$605.44 Million | CA$3.13 Billion | CA$2.53 Billion | ▲ +44.4% |
| 2002 | 0.13x | CA$270.70 Million | CA$2.02 Billion | CA$1.75 Billion | ▲ +517.8% |
| 2001 | -0.03x | CA$-60.49 Million | CA$1.89 Billion | CA$1.95 Billion | ▼ -110.9% |
| 2000 | 0.29x | CA$536.89 Million | CA$1.83 Billion | CA$1.30 Billion | ▲ +115.7% |
| 1999 | -1.87x | CA$-1.25 Billion | CA$668.40 Million | CA$1.92 Billion | ▼ -84.5% |
| 1998 | -1.01x | CA$-373.07 Million | CA$368.42 Million | CA$741.49 Million | ▲ +16.8% |
| 1997 | -1.22x | CA$-633.31 Million | CA$520.37 Million | CA$1.15 Billion | ▲ +46.6% |
| 1996 | -2.28x | CA$-844.00 Million | CA$370.60 Million | CA$1.21 Billion | ▼ -235.5% |
| 1995 | -0.68x | CA$-100.40 Million | CA$147.90 Million | CA$248.30 Million | ▲ +51.3% |
| 1994 | -1.39x | CA$-210.50 Million | CA$150.90 Million | CA$361.40 Million | ▲ +34.4% |
| 1993 | -2.13x | CA$-191.40 Million | CA$90.00 Million | CA$281.40 Million | — |