Canadian Net Debt from 2010 to 2024

CNQ Stock

USD 34.84 0.29 0.84%

Canadian Natural Net Debt yearly trend continues to be relatively stable with very little volatility. Net Debt is likely to drop to about 9.7 B. Net Debt is the total debt of Canadian Natural Resources minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. View All Fundamentals

Net Debt

First Reported

1993-12-31

Previous Quarter

10.8 B

Current Value

9.6 B

Quarterly Volatility

7 B

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Check Canadian Natural financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian Natural's main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.4 B, Interest Expense of 725.5 M or Selling General Administrative of 395.6 M, as well as many indicators such as Price To Sales Ratio of 3.97, Dividend Yield of 0.0431 or PTB Ratio of 2.98. Canadian financial statements analysis is a perfect complement when working with Canadian Natural Valuation or Volatility modules.

Check out the analysis of Canadian Natural Correlation against competitors.

Latest Canadian Natural's Net Debt Growth Pattern

Below is the plot of the Net Debt of Canadian Natural Resources over the last few years. It is the total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. Canadian Natural's Net Debt historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Canadian Natural's overall financial position and show how it may be relating to other accounts over time.

Net Debt

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Net Debt

Timeline

Canadian Net Debt Regression Statistics

	Arithmetic Mean	13,680,696,507
	Geometric Mean	10,389,223,108
	Coefficient Of Variation	44.95
	Mean Deviation	4,926,590,393
	Median	13,950,000,000
	Standard Deviation	6,148,885,490
	Sample Variance	37808792.8T
	Range	22.1B
	R-Value	0.38
	Mean Square Error	34963799.3T
	R-Squared	0.14
	Significance	0.17
	Slope	516,836,904
	Total Sum of Squares	529323098.8T

Canadian Net Debt History

	2024	9.7 B
	2023	11.5 B
	2022	10.5 B
	2021	13.9 B
	2020	21.3 B
	2019	20.8 B
	2018	20.5 B

Other Fundumenentals of Canadian Natural Res

Net Debt To E B I T D A

Canadian Natural Net Debt component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Net Tangible Assets	Long Term Debt	Short Term Investments	Short Long Term Debt	Short Term Debt	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt Total	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.8	0.78	0.78	0.51	0.66	0.98	0.61	0.62	0.75	0.5	0.08	0.58	0.74	0.96	0.45	0.49	0.26	0.07	-0.12	0.19
Total Stockholder Equity	0.8		0.53	0.97	0.87	0.87	0.77	0.89	0.81	0.54	0.35	0.05	0.39	0.9	0.83	0.54	0.47	0.66	-0.5	0.26	0.64
Net Debt	0.78	0.53		0.49	0.17	0.34	0.87	0.31	0.44	0.97	0.67	0.08	0.79	0.54	0.73	-0.01	0.8	-0.15	0.24	-0.22	-0.18
Retained Earnings	0.78	0.97	0.49		0.81	0.84	0.73	0.83	0.71	0.47	0.35	0.1	0.41	0.78	0.78	0.59	0.33	0.57	-0.45	0.24	0.56
Accounts Payable	0.51	0.87	0.17	0.81		0.83	0.44	0.92	0.82	0.22	0.22	0.0	0.11	0.84	0.61	0.43	0.29	0.88	-0.75	0.46	0.87
Net Receivables	0.66	0.87	0.34	0.84	0.83		0.62	0.96	0.74	0.37	0.37	-0.1	0.24	0.8	0.69	0.71	0.32	0.74	-0.52	0.34	0.72
Total Liab	0.98	0.77	0.87	0.73	0.44	0.62		0.56	0.6	0.85	0.55	0.08	0.64	0.73	0.94	0.35	0.61	0.17	0.11	-0.16	0.11
Total Current Assets	0.61	0.89	0.31	0.83	0.92	0.96	0.56		0.82	0.36	0.42	-0.14	0.22	0.86	0.68	0.58	0.37	0.85	-0.66	0.43	0.83
Net Tangible Assets	0.62	0.81	0.44	0.71	0.82	0.74	0.6	0.82		0.48	0.31	0.2	0.35	0.9	0.68	0.36	0.56	0.71	-0.54	0.3	0.69
Long Term Debt	0.75	0.54	0.97	0.47	0.22	0.37	0.85	0.36	0.48		0.64	0.01	0.72	0.62	0.74	-0.07	0.88	-0.06	0.13	-0.18	-0.09
Short Term Investments	0.5	0.35	0.67	0.35	0.22	0.37	0.55	0.42	0.31	0.64		-0.16	0.63	0.31	0.46	-0.01	0.43	0.01	0.08	-0.09	-0.04
Short Long Term Debt	0.08	0.05	0.08	0.1	0.0	-0.1	0.08	-0.14	0.2	0.01	-0.16		0.38	-0.06	0.06	0.1	-0.02	-0.17	0.15	-0.09	-0.16
Short Term Debt	0.58	0.39	0.79	0.41	0.11	0.24	0.64	0.22	0.35	0.72	0.63	0.38		0.32	0.56	0.09	0.6	-0.2	0.31	-0.19	-0.18
Common Stock	0.74	0.9	0.54	0.78	0.84	0.8	0.73	0.86	0.9	0.62	0.31	-0.06	0.32		0.82	0.36	0.67	0.72	-0.52	0.26	0.69
Property Plant Equipment	0.96	0.83	0.73	0.78	0.61	0.69	0.94	0.68	0.68	0.74	0.46	0.06	0.56	0.82		0.41	0.56	0.38	-0.04	0.01	0.33
Current Deferred Revenue	0.45	0.54	-0.01	0.59	0.43	0.71	0.35	0.58	0.36	-0.07	-0.01	0.1	0.09	0.36	0.41		-0.19	0.5	-0.18	0.22	0.48
Long Term Debt Total	0.49	0.47	0.8	0.33	0.29	0.32	0.61	0.37	0.56	0.88	0.43	-0.02	0.6	0.67	0.56	-0.19		0.11	-0.11	0.05	0.12
Cash And Equivalents	0.26	0.66	-0.15	0.57	0.88	0.74	0.17	0.85	0.71	-0.06	0.01	-0.17	-0.2	0.72	0.38	0.5	0.11		-0.83	0.56	0.99
Net Invested Capital	0.07	-0.5	0.24	-0.45	-0.75	-0.52	0.11	-0.66	-0.54	0.13	0.08	0.15	0.31	-0.52	-0.04	-0.18	-0.11	-0.83		-0.63	-0.85
Net Working Capital	-0.12	0.26	-0.22	0.24	0.46	0.34	-0.16	0.43	0.3	-0.18	-0.09	-0.09	-0.19	0.26	0.01	0.22	0.05	0.56	-0.63		0.63
Capital Stock	0.19	0.64	-0.18	0.56	0.87	0.72	0.11	0.83	0.69	-0.09	-0.04	-0.16	-0.18	0.69	0.33	0.48	0.12	0.99	-0.85	0.63

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About Canadian Natural Financial Statements

Canadian Natural shareholders use historical fundamental indicators, such as Net Debt, to determine how well the company is positioned to perform in the future. Although Canadian Natural investors may analyze each financial statement separately, they are all interrelated. The changes in Canadian Natural's assets and liabilities, for example, are also reflected in the revenues and expenses on on Canadian Natural's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Net Debt	11.5 B	9.7 B
Net Debt To EBITDA	0.65	0.62

Pair Trading with Canadian Natural

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Natural position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Natural will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Canadian Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Natural when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Natural - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Natural Resources to buy it.

The correlation of Canadian Natural is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Natural Res moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Canadian Natural can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Canadian Stock Analysis

When running Canadian Natural's price analysis, check to measure Canadian Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Natural is operating at the current time. Most of Canadian Natural's value examination focuses on studying past and present price action to predict the probability of Canadian Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Natural's price. Additionally, you may evaluate how the addition of Canadian Natural to your portfolios can decrease your overall portfolio volatility.

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Canadian Net Debt from 2010 to 2024

Latest Canadian Natural's Net Debt Growth Pattern

Canadian Net Debt Regression Statistics

Canadian Net Debt History

Other Fundumenentals of Canadian Natural Res

Canadian Natural Net Debt component correlations

About Canadian Natural Financial Statements

Pair Trading with Canadian Natural

Additional Tools for Canadian Stock Analysis

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