Canadian Natural Resources (CNQ) Debt Ratio (2009 - 2025)
Canadian Natural Resources' Debt Ratio came in at 0.18 for the quarter ended Dec 31, 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 the quarter ended Mar 31, 2009, Canadian Natural Resources' Debt Ratio data covers 51 quarters.
- Going back by year, Debt Ratio was 0.22 in the year ended Dec 31, 2024 (+55.1%), 0.14 in the year ended Dec 31, 2023 (-5.4%), 0.15 in the year ended Dec 31, 2022 (-21.6%) and 0.19 in the year ended Dec 31, 2021 (-32.7%).
- The figure for the quarter ended Dec 31, 2025 represents the lowest quarterly Debt Ratio since the quarter ended Dec 31, 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 0.17 |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 0.00 |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 0.11 |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 0.21 |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 0.19 |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | - |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 0.25 |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | - |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 0.10 |
| 10 | Eog Resources | 72.25 Bn | 56.57 Bn | - | 0.14 |
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();