Canadian Natural Resources (CNQ) Debt Ratio (2009 - 2025)

Canadian Natural Resources has disclosed Debt Ratio across 17 years of filings, most recently posting 0.18 for Q4 2025.

• In Q4 2025, Debt Ratio fell 17.92% year-over-year to 0.18; the TTM figure through Dec 2025 stood at 0.18 (down 17.92% YoY), while the FY2025 annual figure was 0.18, down 17.92% from the prior year.
• Debt Ratio came in at 0.18 for Q4 2025 at Canadian Natural Resources, down from 0.22 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.22 in Q4 2024 to a low of 0.14 in Q4 2023.
• Average Debt Ratio over 5 years is 0.18, with a median of 0.18 recorded in 2025.
• Year-over-year, Debt Ratio plunged 32.75% in 2021 and jumped 55.07% in 2024.
• Over 5 years, Debt Ratio stood at 0.19 in 2021, then slipped by 21.58% to 0.15 in 2022, then retreated by 5.41% to 0.14 in 2023, then jumped by 55.07% to 0.22 in 2024, then declined by 17.92% to 0.18 in 2025.
• Per Business Quant data, the three most recent Debt Ratio figures were 0.18 in Q4 2025, 0.22 in Q4 2024, and 0.14 in Q4 2023.