Canadian National Railway annual debt-to-assets ratio
2020
2021
2022
2023
2024
2025
Canadian National Railway Debt-to-Assets Ratio Growth & History (CNI)
Canadian National Railway's debt-to-assets ratio was 0.37 for fiscal 2025.
View full Canadian National Railway company overviewCanadian National Railway annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.37 | −0.01 | −1.36% |
| 2024 | 2024-12-31 | 0.37 | 0.02 | +4.42% |
| 2023 | 2023-12-31 | 0.36 | 0.04 | +14.31% |
| 2022 | 2022-12-31 | 0.31 | — | — |
| 2021 | 2021-03-31 | 0.05 | — | — |
| 2020 | 2020-12-31 | 0.30 | — | — |
Canadian National Railway quarterly debt-to-assets ratio
As of Jun 30, 2009
As of Sep 30, 2009
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.38 | 0.01 | +2.96% |
| Q1 2026 | 2026-03-31 | 0.38 | — | — |
| Q4 2025 | 2025-12-31 | 0.37 | — | — |
| Q3 2025 | 2025-09-30 | 0.37 | — | — |
| Q2 2025 | 2025-06-30 | 0.37 | — | — |
| As of Sep 30, 2009 | 2009-09-30 | 0.25 | — | — |
| As of Jun 30, 2009 | 2009-06-30 | 0.27 | — | — |
Canadian National Railway debt-to-assets ratio trends
Over the last five fiscal years, Canadian National Railway's debt-to-assets ratio increased from 0.30 to 0.37, a change of 0.07. The latest reported quarter, Q2 2026, shows 0.38.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Canadian National Railway source filings ↗