Canadian Natural Resources Ltd Net Asset Quality Index
Canadian Natural Resources Ltd 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. Check earnings quality score of Canadian Natural Resources Ltd to evaluate the quality of earnings relative to operating cash generation.
Quality Index
Net Assets
Total Assets
Total Liabilities
Net Asset Quality Index of Canadian Natural Resources Ltd (1993–2024)
Net asset quality index of Canadian Natural Resources Ltd from 1993 to 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. See Canadian Natural Resources Ltd shareholders equity for net asset value and shareholders' equity analysis.
Canadian Natural Resources Ltd Net Asset Quality Index by Year (1993–2024)
Canadian Natural Resources Ltd net asset quality index by year from 1993 to 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 live market cap and overall valuation, see market cap of Canadian Natural Resources Ltd.
| 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 | — |