Canadian Natural Resources (CNQ) Debt Ratio (2009 - 2025)
Canadian Natural Resources' Debt Ratio came in at 0.18 for Q4 2025, down 17.9% from 0.22 a year earlier.
Powered by 
Analysis
Canadian Natural Resources (CNQ) Debt Ratio (2009 - 2025) Analysis & Trends
Going back to Q1 2009, Canadian Natural Resources' Debt Ratio data covers 51 quarters.
- Going back by year, Debt Ratio was 0.22 in FY2024 (+55.1%), 0.14 in FY2023 (-5.4%), 0.15 in FY2022 (-21.6%) and 0.19 in FY2021 (-32.7%).
- The Q4 2025 figure represents the lowest quarterly Debt Ratio since Q4 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 0.07 |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 0.16 |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 0.10 |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 0.22 |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 0.18 |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 16.74 |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 0.22 |
| 10 | Suncor Energy | 83.45 Bn | 69.02 Bn | - | 0.10 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.18 |
| Dec 31, 2024 | 0.22 |
| 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 | 0.31 |
| Jun 30, 2017 | 0.32 |
| Mar 31, 2017 | 0.28 |
| Dec 31, 2016 | 0.29 |
API Access
Canadian Natural Resources Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "CNQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();