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. See CNQ defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
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. Explore Canadian Natural Resources Ltd cash conversion from operations to assess how effectively this company generates cash.
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. For market capitalisation and the full company profile, see CNQ company net worth.
| 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 | — |