Canadian Natural Resources annual net debt
2016
2017
2018
2018
2019
2020
2021
2022
2023
2024
Canadian Natural Resources Net Debt Growth & History (CNQ)
Canadian Natural Resources's net debt was $19.05B for fiscal 2024.
View full Canadian Natural Resources company overviewCanadian Natural Resources annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2024 · Dec 31 | 2025-12-31 | $19.05B | −$1.10B | −5.47% |
| 2023 · Dec 31 | 2024-12-31 | $20.15B | $8.68B | +75.59% |
| 2022 · Dec 31 | 2023-12-31 | $11.48B | −$588.0M | −4.87% |
| 2021 · Dec 31 | 2022-12-31 | $12.06B | −$3.47B | −22.33% |
| 2020 · Dec 31 | 2021-12-31 | $15.53B | −$7.42B | −32.34% |
| 2019 · Dec 31 | 2020-12-31 | $22.96B | $307.0M | +1.36% |
| 2018 · Dec 31 | 2019-12-31 | $22.65B | $2.13B | +10.38% |
| 2018 · Dec 31 | 2018-12-31 | $20.52B | −$1.80B | −8.06% |
| 2017 | 2017-12-31 | $22.32B | $5.53B | +32.96% |
| 2016 | 2016-12-31 | $16.79B | — | — |
Canadian Natural Resources quarterly net debt
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $14.53B | −$2.45B | −14.45% |
| Q1 2026 | 2026-03-31 | $16.15B | — | — |
| Q4 2024 | 2025-12-31 | $19.05B | −$1.10B | −5.47% |
| Q3 2025 | 2025-09-30 | $17.16B | — | — |
| Q2 2025 | 2025-06-30 | $16.98B | — | — |
| Q4 2023 | 2024-12-31 | $20.15B | $8.68B | +75.59% |
| Q4 2022 | 2023-12-31 | $11.48B | −$588.0M | −4.87% |
| Q4 2021 | 2022-12-31 | $12.06B | −$3.47B | −22.33% |
| Q4 2020 | 2021-12-31 | $15.53B | −$7.42B | −32.34% |
| Q4 2019 | 2020-12-31 | $22.96B | $307.0M | +1.36% |
| Q4 2018 · Dec 31 | 2019-12-31 | $22.65B | $2.13B | +10.38% |
| Q4 2018 · Dec 31 | 2018-12-31 | $20.52B | −$1.80B | −8.06% |
| Q4 2017 | 2017-12-31 | $22.32B | — | — |
Canadian Natural Resources net debt trends
Over the last five fiscal years, Canadian Natural Resources's net debt decreased from $22.96B to $19.05B, a change of −$3.91B. The latest reported quarter, Q2 2026, shows $14.53B.
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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