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STOCKS

Canadian Natural (CNQ)

NYSE:CNQ

CNQ

Canadian Natural

RESEARCH TOOLSreports

Canadian Natural (CNQ) Ratios

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2,121 Followers

Canadian Natural Ratios

CNQ's free cash flow for Q4 2025 was C$0.21. For the 2025 fiscal year, CNQ's free cash flow was decreased by C$ and operating cash flow was C$0.19. See a summary of the company’s cash flow.

Ratios	TTM	Dec 25	Dec 24	Dec 23	Dec 22
Liquidity Ratios
Current Ratio	0.95	0.95	0.77	0.96	0.82
Quick Ratio	0.63	0.63	0.48	0.69	0.61
Cash Ratio	0.08	0.08	0.01	0.12	0.11
Solvency Ratio	0.43	0.43	0.28	0.41	0.48
Operating Cash Flow Ratio	1.87	1.87	1.39	1.66	2.24
Short-Term Operating Cash Flow Coverage	18.56	18.56	5.58	9.67	48.00
Net Current Asset Value	C$ -39.80B	C$ -39.80B	C$ -38.49B	C$ -28.96B	C$ -30.91B
Leverage Ratios
Debt-to-Assets Ratio	0.21	0.21	0.24	0.16	0.17
Debt-to-Equity Ratio	0.44	0.44	0.51	0.31	0.34
Debt-to-Capital Ratio	0.31	0.31	0.34	0.24	0.25
Long-Term Debt-to-Capital Ratio	0.27	0.27	0.29	0.20	0.22
Financial Leverage Ratio	2.07	2.07	2.16	1.91	1.99
Debt Service Coverage Ratio	9.67	9.45	4.38	7.79	17.65
Interest Coverage Ratio	13.83	9.86	14.45	15.14	22.03
Debt to Market Cap	0.12	0.17	0.20	0.12	0.13
Interest Debt Per Share	9.87	9.83	9.86	5.98	6.02
Net Debt to EBITDA	1.04	1.06	1.31	0.66	0.56
Profitability Margins
Gross Profit Margin	30.13%	23.27%	26.25%	28.83%	32.83%
EBIT Margin	21.14%	21.22%	21.04%	26.59%	29.02%
EBITDA Margin	44.23%	46.41%	37.13%	42.29%	43.87%
Operating Profit Margin	27.78%	21.22%	23.43%	25.63%	29.80%
Pretax Profit Margin	31.90%	34.16%	19.42%	24.89%	27.67%
Net Profit Margin	26.06%	27.91%	14.71%	20.16%	22.08%
Continuous Operations Profit Margin	26.06%	27.91%	14.71%	20.16%	22.08%
Net Income Per EBT	81.72%	81.72%	75.77%	80.99%	79.81%
EBT Per EBIT	114.82%	160.97%	82.85%	97.14%	92.85%
Return on Assets (ROA)	11.78%	11.78%	7.15%	10.84%	14.36%
Return on Equity (ROE)	25.98%	24.39%	15.47%	20.67%	28.65%
Return on Capital Employed (ROCE)	13.77%	9.82%	12.84%	15.27%	21.87%
Return on Invested Capital (ROIC)	11.14%	7.95%	9.40%	12.14%	17.29%
Return on Tangible Assets	11.78%	11.78%	7.15%	10.84%	14.36%
Earnings Yield	7.71%	11.13%	6.47%	8.69%	12.81%
Efficiency Ratios
Receivables Turnover	10.38	9.69	10.06	12.80	13.93
Payables Turnover	26.25	26.91	28.37	20.50	24.81
Inventory Turnover	11.07	11.35	10.96	14.29	18.33
Fixed Asset Turnover	0.51	0.48	0.54	0.60	0.72
Asset Turnover	0.45	0.42	0.49	0.54	0.65
Working Capital Turnover Ratio	-54.23	-29.53	-33.29	-43.86	-32.23
Cash Conversion Cycle	54.24	56.26	56.72	36.24	31.40
Days of Sales Outstanding	35.16	37.66	36.28	28.50	26.20
Days of Inventory Outstanding	32.98	32.17	33.30	25.55	19.91
Days of Payables Outstanding	13.91	13.56	12.87	17.81	14.71
Operating Cycle	68.15	69.82	69.58	54.05	46.11
Cash Flow Ratios
Operating Cash Flow Per Share	7.25	7.22	6.30	5.66	8.54
Free Cash Flow Per Share	3.99	4.03	3.76	3.41	6.29
CapEx Per Share	3.26	3.19	2.53	2.25	2.25
Free Cash Flow to Operating Cash Flow	0.55	0.56	0.60	0.60	0.74
Dividend Paid and CapEx Coverage Ratio	1.30	1.31	1.36	1.40	1.93
Capital Expenditure Coverage Ratio	2.22	2.26	2.49	2.52	3.80
Operating Cash Flow Coverage Ratio	0.77	0.77	0.66	1.00	1.49
Operating Cash Flow to Sales Ratio	0.36	0.39	0.32	0.30	0.39
Free Cash Flow Yield	5.92%	8.67%	8.48%	7.86%	16.74%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	12.97	8.98	15.45	11.51	7.80
Price-to-Sales (P/S) Ratio	3.39	2.51	2.27	2.32	1.72
Price-to-Book (P/B) Ratio	3.16	2.19	2.39	2.38	2.24
Price-to-Free Cash Flow (P/FCF) Ratio	16.90	11.53	11.79	12.73	5.97
Price-to-Operating Cash Flow Ratio	9.29	6.44	7.05	7.67	4.40
Price-to-Earnings Growth (PEG) Ratio	0.20	0.11	-0.65	-0.53	0.16
Price-to-Fair Value	3.16	2.19	2.39	2.38	2.24
Enterprise Value Multiple	8.69	6.46	7.43	6.15	4.48
Enterprise Value	159.62B	116.27B	114.50B	106.20B	97.41B
EV to EBITDA	8.69	6.46	7.43	6.15	4.48
EV to Sales	3.85	3.00	2.76	2.60	1.97
EV to Free Cash Flow	19.19	13.79	14.31	14.27	6.82
EV to Operating Cash Flow	10.57	7.70	8.55	8.60	5.02
Tangible Book Value Per Share	21.30	21.22	18.57	18.25	16.82
Shareholders’ Equity Per Share	21.30	21.22	18.57	18.25	16.82
Tax and Other Ratios
Effective Tax Rate	0.18	0.18	0.24	0.19	0.20
Revenue Per Share	19.93	18.54	19.53	18.71	21.82
Net Income Per Share	5.19	5.17	2.87	3.77	4.82
Tax Burden	0.82	0.82	0.76	0.81	0.80
Interest Burden	1.51	1.61	0.92	0.94	0.95
Research & Development to Revenue	0.00	0.00	0.00	0.00	0.00
SG&A to Revenue	0.01	0.00	0.01	0.01	<0.01
Stock-Based Compensation to Revenue	<0.01	0.00	<0.01	0.01	0.02
Income Quality	1.40	1.40	2.19	1.50	1.77

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