Canadian Natural Resources Ltd (CNQ) — Net Asset Quality Index
Canadian Natural Resources Ltd (CNQ) has a Net Asset Quality Index of 47.3% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$85.59 Billion minus total liabilities of CA$45.13 Billion yields net assets of CA$40.46 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read how much debt does Canadian Natural Resources Ltd carry for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Canadian Natural Resources Ltd Net Asset Quality Index Over Time (1993–2024)
This chart shows how Canadian Natural Resources Ltd's Net Asset Quality Index has evolved across 32 annual periods from 1993 to 2024. As of September 2025, the index stands at 47.3%, representing net assets of CA$40.46 Billion against total assets of CA$85.59 Billion CAD. For live market cap and overall valuation, see CNQ market cap.
Annual Net Asset Quality Index for Canadian Natural Resources Ltd (1993–2024)
The table below presents the year-by-year Net Asset Quality Index for Canadian Natural Resources Ltd from 1993 to 2024, covering 32 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check asset allocation strategy of Canadian Natural Resources Ltd to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 46.2% | CA$39.47 Billion | CA$85.36 Billion | CA$45.89 Billion | ▼ -6.2 pp |
| 2023 | 52.4% | CA$39.83 Billion | CA$75.95 Billion | CA$36.12 Billion | ▲ +2.3 pp |
| 2022 | 50.1% | CA$38.17 Billion | CA$76.14 Billion | CA$37.97 Billion | ▲ +1.9 pp |
| 2021 | 48.2% | CA$36.95 Billion | CA$76.67 Billion | CA$39.72 Billion | ▲ +5.2 pp |
| 2020 | 43.0% | CA$32.38 Billion | CA$75.28 Billion | CA$42.90 Billion | ▼ -1.8 pp |
| 2019 | 44.8% | CA$34.99 Billion | CA$78.12 Billion | CA$43.13 Billion | ▲ +0.1 pp |
| 2018 | 44.7% | CA$31.97 Billion | CA$71.56 Billion | CA$39.59 Billion | ▲ +1.8 pp |
| 2017 | 42.9% | CA$31.65 Billion | CA$73.87 Billion | CA$42.21 Billion | ▼ -1.9 pp |
| 2016 | 44.8% | CA$26.27 Billion | CA$58.65 Billion | CA$32.38 Billion | ▼ -1.4 pp |
| 2015 | 46.2% | CA$27.38 Billion | CA$59.27 Billion | CA$31.89 Billion | ▼ -1.8 pp |
| 2014 | 48.0% | CA$28.89 Billion | CA$60.20 Billion | CA$31.31 Billion | ▼ -1.8 pp |
| 2013 | 49.8% | CA$25.77 Billion | CA$51.75 Billion | CA$25.98 Billion | ▲ +0.2 pp |
| 2012 | 49.6% | CA$24.28 Billion | CA$48.98 Billion | CA$24.70 Billion | ▲ +1.1 pp |
| 2011 | 48.4% | CA$22.90 Billion | CA$47.28 Billion | CA$24.38 Billion | ▼ -0.7 pp |
| 2010 | 49.2% | CA$20.98 Billion | CA$42.67 Billion | CA$21.68 Billion | ▲ +1.8 pp |
| 2009 | 47.4% | CA$19.43 Billion | CA$41.02 Billion | CA$21.60 Billion | ▲ +4.3 pp |
| 2008 | 43.1% | CA$18.37 Billion | CA$42.65 Billion | CA$24.28 Billion | ▲ +6.2 pp |
| 2007 | 36.9% | CA$13.32 Billion | CA$36.11 Billion | CA$22.79 Billion | ▲ +4.7 pp |
| 2006 | 32.2% | CA$10.69 Billion | CA$33.16 Billion | CA$22.47 Billion | ▼ -5.5 pp |
| 2005 | 37.7% | CA$8.24 Billion | CA$21.85 Billion | CA$13.62 Billion | ▼ -2.1 pp |
| 2004 | 39.8% | CA$7.32 Billion | CA$18.41 Billion | CA$11.09 Billion | ▼ -3.3 pp |
| 2003 | 43.1% | CA$6.12 Billion | CA$14.20 Billion | CA$8.08 Billion | ▲ +6.6 pp |
| 2002 | 36.4% | CA$4.87 Billion | CA$13.36 Billion | CA$8.49 Billion | ▼ -6.3 pp |
| 2001 | 42.8% | CA$3.87 Billion | CA$9.04 Billion | CA$5.17 Billion | ▲ +1.4 pp |
| 2000 | 41.4% | CA$3.22 Billion | CA$7.78 Billion | CA$4.56 Billion | ▲ +2.4 pp |
| 1999 | 39.0% | CA$1.89 Billion | CA$4.85 Billion | CA$2.96 Billion | ▼ -0.3 pp |
| 1998 | 39.3% | CA$1.28 Billion | CA$3.25 Billion | CA$1.97 Billion | ▼ -1.8 pp |
| 1997 | 41.1% | CA$1.20 Billion | CA$2.93 Billion | CA$1.73 Billion | ▼ -11.0 pp |
| 1996 | 52.1% | CA$1.07 Billion | CA$2.06 Billion | CA$988.40 Million | ▼ -3.0 pp |
| 1995 | 55.1% | CA$496.30 Million | CA$900.40 Million | CA$404.10 Million | ▲ +6.8 pp |
| 1994 | 48.3% | CA$356.20 Million | CA$737.80 Million | CA$381.60 Million | ▲ +9.1 pp |
| 1993 | 39.2% | CA$171.20 Million | CA$436.90 Million | CA$265.70 Million | — |