Canadian National Railway annual net debt
2020
2021
2022
2023
2024
2025
Canadian National Railway Net Debt Growth & History (CNI)
Canadian National Railway's net debt was $21.28B for fiscal 2025.
View full Canadian National Railway company overviewCanadian National Railway annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $21.28B | $298.0M | +1.42% |
| 2024 | 2024-12-31 | $20.98B | $2.57B | +13.95% |
| 2023 | 2023-12-31 | $18.41B | $2.85B | +18.28% |
| 2022 | 2022-12-31 | $15.57B | — | — |
| 2021 | 2021-03-31 | $222.8M | — | — |
| 2020 | 2020-12-31 | $12.81B | — | — |
Canadian National Railway quarterly net debt
As of Jun 30, 2009
As of Sep 30, 2009
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $22.34B | $1.80B | +8.75% |
| Q1 2026 | 2026-03-31 | $21.94B | — | — |
| Q4 2025 | 2025-12-31 | $21.28B | — | — |
| Q3 2025 | 2025-09-30 | $21.25B | — | — |
| Q2 2025 | 2025-06-30 | $20.54B | — | — |
| As of Sep 30, 2009 | 2009-09-30 | $6.28B | — | — |
| As of Jun 30, 2009 | 2009-06-30 | $6.66B | — | — |
Canadian National Railway net debt trends
Over the last five fiscal years, Canadian National Railway's net debt increased from $12.81B to $21.28B, a change of $8.47B. The latest reported quarter, Q2 2026, shows $22.34B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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