Canadian Natural Resources Ltd Working Capital to Net Assets Ratio
Canadian Natural Resources Ltd working capital to net assets ratio. Canadian Natural Resources Ltd (CNQ) has a Working Capital to Net Assets ratio of -2.8% as of September 2025. Working capital of CA$-1.13 Billion (current assets of CA$7.18 Billion minus current liabilities of CA$8.31 Billion) is measured against net assets of CA$40.46 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Canadian Natural Resources Ltd (1993–2024)
Working capital to net assets ratio of Canadian Natural Resources Ltd from 1993 to 2024. This chart shows how Canadian Natural Resources Ltd's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1993 to 2024. As of September 2025, the ratio stands at -2.8%, reflecting working capital of CA$-1.13 Billion against net assets of CA$40.46 Billion CAD. Explore CNQ long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Canadian Natural Resources Ltd Working Capital to Net Assets Ratio by Year (1993–2024)
Canadian Natural Resources Ltd working capital to net assets ratio by year from 1993 to 2024. The table below presents the year-by-year Working Capital to Net Assets ratio for Canadian Natural Resources Ltd from 1993 to 2024, covering 32 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see Canadian Natural Resources Ltd asset portfolio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -5.6% | CA$-2.23 Billion | CA$39.47 Billion | CA$7.41 Billion | CA$9.63 Billion | ▼ -5.0 pp |
| 2023 | -0.7% | CA$-268.00 Million | CA$39.83 Billion | CA$7.17 Billion | CA$7.43 Billion | ▲ +3.5 pp |
| 2022 | -4.2% | CA$-1.59 Billion | CA$38.17 Billion | CA$7.06 Billion | CA$8.65 Billion | ▼ -0.2 pp |
| 2021 | -4.0% | CA$-1.48 Billion | CA$36.95 Billion | CA$5.94 Billion | CA$7.42 Billion | ▼ -1.8 pp |
| 2020 | -2.2% | CA$-717.00 Million | CA$32.38 Billion | CA$4.36 Billion | CA$5.08 Billion | ▲ +3.9 pp |
| 2019 | -6.1% | CA$-2.15 Billion | CA$34.99 Billion | CA$4.49 Billion | CA$6.64 Billion | ▼ -0.7 pp |
| 2018 | -5.4% | CA$-1.74 Billion | CA$31.97 Billion | CA$3.02 Billion | CA$4.76 Billion | ▼ -1.1 pp |
| 2017 | -4.3% | CA$-1.36 Billion | CA$31.65 Billion | CA$4.90 Billion | CA$6.26 Billion | ▼ -1.4 pp |
| 2016 | -2.9% | CA$-756.00 Million | CA$26.27 Billion | CA$4.34 Billion | CA$5.09 Billion | ▼ -0.9 pp |
| 2015 | -2.0% | CA$-536.00 Million | CA$27.38 Billion | CA$4.06 Billion | CA$4.59 Billion | ▲ +3.8 pp |
| 2014 | -5.7% | CA$-1.65 Billion | CA$28.89 Billion | CA$3.49 Billion | CA$5.14 Billion | ▲ +6.0 pp |
| 2013 | -11.7% | CA$-3.02 Billion | CA$25.77 Billion | CA$2.22 Billion | CA$5.23 Billion | ▼ -3.2 pp |
| 2012 | -8.5% | CA$-2.06 Billion | CA$24.28 Billion | CA$1.91 Billion | CA$3.98 Billion | ▼ -3.0 pp |
| 2011 | -5.5% | CA$-1.25 Billion | CA$22.90 Billion | CA$2.78 Billion | CA$4.03 Billion | ▼ -0.8 pp |
| 2010 | -4.7% | CA$-984.00 Million | CA$20.98 Billion | CA$2.17 Billion | CA$3.16 Billion | ▼ -2.0 pp |
| 2009 | -2.6% | CA$-514.00 Million | CA$19.43 Billion | CA$1.89 Billion | CA$2.40 Billion | ▼ -2.5 pp |
| 2008 | -0.2% | CA$-27.93 Million | CA$18.37 Billion | CA$3.39 Billion | CA$3.42 Billion | ▲ +10.2 pp |
| 2007 | -10.4% | CA$-1.38 Billion | CA$13.32 Billion | CA$2.18 Billion | CA$3.56 Billion | ▼ -2.6 pp |
| 2006 | -7.8% | CA$-831.78 Million | CA$10.69 Billion | CA$2.24 Billion | CA$3.07 Billion | ▲ +13.7 pp |
| 2005 | -21.5% | CA$-1.77 Billion | CA$8.24 Billion | CA$2.05 Billion | CA$3.82 Billion | ▼ -12.6 pp |
| 2004 | -8.9% | CA$-651.55 Million | CA$7.32 Billion | CA$1.24 Billion | CA$1.89 Billion | ▼ -0.6 pp |
| 2003 | -8.3% | CA$-504.96 Million | CA$6.12 Billion | CA$855.34 Million | CA$1.36 Billion | ▼ -8.0 pp |
| 2002 | -0.3% | CA$-14.16 Million | CA$4.87 Billion | CA$774.32 Million | CA$788.48 Million | ▼ -0.1 pp |
| 2001 | -0.2% | CA$-6.37 Million | CA$3.87 Billion | CA$523.72 Million | CA$530.09 Million | ▲ +2.2 pp |
| 2000 | -2.4% | CA$-76.48 Million | CA$3.22 Billion | CA$611.88 Million | CA$688.36 Million | ▼ -4.3 pp |
| 1999 | 1.9% | CA$36.17 Million | CA$1.89 Billion | CA$296.59 Million | CA$260.42 Million | ▼ -2.6 pp |
| 1998 | 4.5% | CA$57.28 Million | CA$1.28 Billion | CA$193.50 Million | CA$136.22 Million | ▲ +6.1 pp |
| 1997 | -1.7% | CA$-20.01 Million | CA$1.20 Billion | CA$184.42 Million | CA$204.43 Million | ▼ -1.6 pp |
| 1996 | -0.1% | CA$-800.00K | CA$1.07 Billion | CA$150.70 Million | CA$151.50 Million | ▼ -2.0 pp |
| 1995 | 2.0% | CA$9.80 Million | CA$496.30 Million | CA$64.10 Million | CA$54.30 Million | ▲ +0.8 pp |
| 1994 | 1.2% | CA$4.10 Million | CA$356.20 Million | CA$60.30 Million | CA$56.20 Million | ▼ -0.1 pp |
| 1993 | 1.3% | CA$2.20 Million | CA$171.20 Million | CA$35.70 Million | CA$33.50 Million | — |