Canadian National Railway Co (CNR) — Working Capital to Net Assets Ratio
Canadian National Railway Co (CNR) has a Working Capital to Net Assets ratio of -5.7% as of December 2025. Working capital of CA$-1.23 Billion (current assets of CA$2.47 Billion minus current liabilities of CA$3.70 Billion) is measured against net assets of CA$21.57 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Canadian National Railway Co (CNR) defensive interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Canadian National Railway Co Working Capital to Net Assets (1995–2025)
This chart shows how Canadian National Railway Co's Working Capital to Net Assets ratio has evolved across 31 annual periods from 1995 to 2025. As of December 2025, the ratio stands at -5.7%, reflecting working capital of CA$-1.23 Billion against net assets of CA$21.57 Billion CAD. For the complete balance sheet picture, see Canadian National Railway Co assets under control.
Annual Working Capital to Net Assets for Canadian National Railway Co (1995–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Canadian National Railway Co from 1995 to 2025, covering 31 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check asset resilience ratio of Canadian National Railway Co to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -5.7% | CA$-1.23 Billion | CA$21.57 Billion | CA$2.47 Billion | CA$3.70 Billion | ▲ +0.8 pp |
| 2024 | -6.4% | CA$-1.36 Billion | CA$21.05 Billion | CA$2.62 Billion | CA$3.98 Billion | ▲ +3.2 pp |
| 2023 | -9.7% | CA$-1.95 Billion | CA$20.12 Billion | CA$3.09 Billion | CA$5.04 Billion | ▼ -6.8 pp |
| 2022 | -2.9% | CA$-625.00 Million | CA$21.38 Billion | CA$3.22 Billion | CA$3.84 Billion | ▼ -4.3 pp |
| 2021 | 1.3% | CA$306.00 Million | CA$22.74 Billion | CA$3.43 Billion | CA$3.12 Billion | ▲ +2.2 pp |
| 2020 | -0.9% | CA$-172.00 Million | CA$19.65 Billion | CA$3.10 Billion | CA$3.27 Billion | ▲ +7.2 pp |
| 2019 | -8.1% | CA$-1.46 Billion | CA$18.04 Billion | CA$2.83 Billion | CA$4.29 Billion | ▼ -3.7 pp |
| 2018 | -4.4% | CA$-772.00 Million | CA$17.64 Billion | CA$2.73 Billion | CA$3.50 Billion | ▲ +6.4 pp |
| 2017 | -10.8% | CA$-1.79 Billion | CA$16.66 Billion | CA$2.19 Billion | CA$3.98 Billion | ▼ -4.7 pp |
| 2016 | -6.1% | CA$-901.00 Million | CA$14.84 Billion | CA$2.11 Billion | CA$3.01 Billion | ▼ -0.4 pp |
| 2015 | -5.7% | CA$-845.00 Million | CA$14.95 Billion | CA$2.15 Billion | CA$3.00 Billion | ▼ -4.6 pp |
| 2014 | -1.0% | CA$-135.00 Million | CA$13.47 Billion | CA$2.07 Billion | CA$2.20 Billion | ▲ +3.0 pp |
| 2013 | -4.0% | CA$-521.00 Million | CA$12.95 Billion | CA$1.98 Billion | CA$2.50 Billion | ▼ -1.0 pp |
| 2012 | -3.0% | CA$-334.00 Million | CA$11.02 Billion | CA$1.87 Billion | CA$2.20 Billion | ▼ -4.3 pp |
| 2011 | 1.2% | CA$133.00 Million | CA$10.68 Billion | CA$1.85 Billion | CA$1.72 Billion | ▲ +4.0 pp |
| 2010 | -2.8% | CA$-316.00 Million | CA$11.28 Billion | CA$1.59 Billion | CA$1.91 Billion | ▼ -5.1 pp |
| 2009 | 2.3% | CA$253.00 Million | CA$11.23 Billion | CA$1.49 Billion | CA$1.24 Billion | ▲ +3.5 pp |
| 2008 | -1.3% | CA$-136.00 Million | CA$10.56 Billion | CA$1.76 Billion | CA$1.89 Billion | ▲ +4.0 pp |
| 2007 | -5.3% | CA$-542.00 Million | CA$10.18 Billion | CA$1.05 Billion | CA$1.59 Billion | ▲ +2.6 pp |
| 2006 | -7.9% | CA$-778.00 Million | CA$9.82 Billion | CA$1.34 Billion | CA$2.11 Billion | ▲ +0.8 pp |
| 2005 | -8.7% | CA$-809.00 Million | CA$9.25 Billion | CA$1.15 Billion | CA$1.96 Billion | ▼ -2.8 pp |
| 2004 | -5.9% | CA$-549.00 Million | CA$9.28 Billion | CA$1.71 Billion | CA$2.26 Billion | ▲ +3.5 pp |
| 2003 | -9.4% | CA$-795.00 Million | CA$8.43 Billion | CA$1.13 Billion | CA$1.92 Billion | ▲ +1.8 pp |
| 2002 | -11.3% | CA$-942.00 Million | CA$8.37 Billion | CA$1.19 Billion | CA$2.13 Billion | ▼ -4.5 pp |
| 2001 | -6.7% | CA$-505.00 Million | CA$7.49 Billion | CA$1.16 Billion | CA$1.67 Billion | ▲ +5.3 pp |
| 2000 | -12.1% | CA$-797.00 Million | CA$6.60 Billion | CA$1.11 Billion | CA$1.91 Billion | ▼ -8.2 pp |
| 1999 | -3.9% | CA$-249.77 Million | CA$6.48 Billion | CA$1.52 Billion | CA$1.77 Billion | ▲ +2.9 pp |
| 1998 | -6.8% | CA$-339.44 Million | CA$5.01 Billion | CA$1.03 Billion | CA$1.37 Billion | ▼ -16.8 pp |
| 1997 | 10.1% | CA$344.30 Million | CA$3.42 Billion | CA$1.55 Billion | CA$1.21 Billion | ▲ +17.5 pp |
| 1996 | -7.4% | CA$-175.99 Million | CA$2.38 Billion | CA$1.16 Billion | CA$1.34 Billion | ▲ +4.5 pp |
| 1995 | -11.9% | CA$-274.00 Million | CA$2.31 Billion | CA$1.33 Billion | CA$1.60 Billion | — |