Canadian Natural Resources Ltd (CNQ) — 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$40.46 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See CNQ equity financing ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Canadian Natural Resources Ltd Working Capital to Net Assets (1993–2024)
This chart shows how Canadian Natural Resources Ltd's Working Capital to Net Assets ratio has evolved across 32 annual periods from 1993 to 2024. As of September 2025, the ratio stands at -2.8%, reflecting working capital of CA$-1.13 Billion against net assets of CA$40.46 Billion CAD. Check tangible net worth ratio of Canadian Natural Resources Ltd to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Canadian Natural Resources Ltd (1993–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Canadian Natural Resources Ltd from 1993 to 2024, covering 32 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see CNQ market cap.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | -5.6% | CA$-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 | — |