Canadian Natural Resources (CNQ) Debt Ratio (2009 - 2025)
Canadian Natural Resources (CNQ) reported Debt Ratio of 0.18 for Q4 2025, down 27.21% on a YoY basis from 0.25 in Q4 2024, and down 27.21% sequentially from 0.25 in Q4 2024.
Canadian Natural Resources (CNQ) Debt Ratio (2009 - 2025) Analysis & Trends
Canadian Natural Resources (CNQ) has 17 years of Debt Ratio data on file, last reported at 0.18 in Q4 2025.
- For the quarter ending Q4 2025, Debt Ratio fell 27.21% year-over-year to 0.18; the trailing twelve-month figure through Dec 2025 stood at 0.18 (down 27.21% YoY), and the FY2025 full-year result was 0.19, down 25.27% from the prior year.
- Debt Ratio slipped to 0.18 in Q4 2025, from 0.25 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.25 in Q4 2024 to a low of 0.14 in Q4 2023.
- A 5-year average of 0.18 and a median of 0.18 in 2025 frame the typical range for Debt Ratio.
- Across the five-year window, Debt Ratio tumbled 32.75% in 2021 and jumped 74.84% in 2024, its largest moves.
- Tracing CNQ's Debt Ratio over 5 years: stood at 0.19 in 2021, then decreased by 21.58% to 0.15 in 2022, then fell by 5.41% to 0.14 in 2023, then jumped by 74.84% to 0.25 in 2024, then decreased by 27.21% to 0.18 in 2025.
- Business Quant data shows CNQ's Debt Ratio at 0.18 in Q4 2025, 0.25 in Q4 2024, and 0.14 in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 0.19 |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 0.15 |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 0.20 |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 0.19 |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 0.14 |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | - |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 0.26 |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 0.20 |
| 10 | Canadian Natural Resources | 13.17 Bn | 12.58 Bn | 6.72 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.18 |
| Dec 31, 2024 | 0.25 |
| Dec 31, 2023 | 0.14 |
| Dec 31, 2022 | 0.15 |
| Dec 31, 2021 | 0.19 |
| Dec 31, 2020 | 0.28 |
| Mar 31, 2020 | 0.30 |
| Dec 31, 2019 | 0.27 |
| Sep 30, 2019 | 0.29 |
| Jun 30, 2019 | 0.30 |
| Mar 31, 2019 | 0.28 |
| Dec 31, 2018 | 0.29 |
| Sep 30, 2018 | 0.27 |
| Jun 30, 2018 | 0.29 |
| Mar 31, 2018 | 0.30 |
| Dec 31, 2017 | 0.30 |
| Sep 30, 2017 | 0.25 |
| Jun 30, 2017 | 0.32 |
| Mar 31, 2017 | 0.28 |
| Dec 31, 2016 | 0.29 |