Canadian Natural Resources annual debt-to-assets ratio
2016
2017
2018
2018
2019
2020
2021
2022
2023
2024
Canadian Natural Resources Debt-to-Assets Ratio Growth & History (CNQ)
Canadian Natural Resources's debt-to-assets ratio was 0.21 for fiscal 2024.
View full Canadian Natural Resources company overviewCanadian Natural Resources annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2024 · Dec 31 | 2025-12-31 | 0.21 | −0.02 | −9.61% |
| 2023 · Dec 31 | 2024-12-31 | 0.24 | 0.07 | +46.09% |
| 2022 · Dec 31 | 2023-12-31 | 0.16 | −0.01 | −4.63% |
| 2021 · Dec 31 | 2022-12-31 | 0.17 | −0.04 | −19.68% |
| 2020 · Dec 31 | 2021-12-31 | 0.21 | −0.10 | −30.94% |
| 2019 · Dec 31 | 2020-12-31 | 0.31 | 0.02 | +5.38% |
| 2018 · Dec 31 | 2019-12-31 | 0.29 | 0.00 | +1.23% |
| 2018 · Dec 31 | 2018-12-31 | 0.29 | −0.02 | −5.21% |
| 2017 | 2017-12-31 | 0.30 | 0.02 | +6.10% |
| 2016 | 2016-12-31 | 0.29 | — | — |
Canadian Natural Resources quarterly debt-to-assets ratio
Q4.16
Q4.17
Q4.18
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q2.25
Q3.25
Q4.24
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.18 | −0.02 | −11.39% |
| Q1 2026 | 2026-03-31 | 0.18 | — | — |
| Q4 2024 | 2025-12-31 | 0.21 | −0.02 | −9.61% |
| Q3 2025 | 2025-09-30 | 0.20 | — | — |
| Q2 2025 | 2025-06-30 | 0.20 | — | — |
| Q4 2023 | 2024-12-31 | 0.24 | 0.07 | +46.09% |
| Q4 2022 | 2023-12-31 | 0.16 | −0.01 | −4.63% |
| Q4 2021 | 2022-12-31 | 0.17 | −0.04 | −19.68% |
| Q4 2020 | 2021-12-31 | 0.21 | −0.10 | −30.94% |
| Q4 2019 | 2020-12-31 | 0.31 | 0.02 | +5.38% |
| Q4 2018 · Dec 31 | 2019-12-31 | 0.29 | 0.00 | +1.23% |
| Q4 2018 · Dec 31 | 2018-12-31 | 0.29 | −0.02 | −5.21% |
| Q4 2017 | 2017-12-31 | 0.30 | 0.02 | +6.10% |
| Q4 2016 | 2016-12-31 | 0.29 | — | — |
Canadian Natural Resources debt-to-assets ratio trends
Over the last five fiscal years, Canadian Natural Resources's debt-to-assets ratio decreased from 0.31 to 0.21, a change of −0.09. The latest reported quarter, Q2 2026, shows 0.18.
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.
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