CNQNEUTRAL

CNQ Debt-to-Equity Ratio Analysis

0.37x

Higher than 39% of Energy sector peers

Updated 107h ago·SEC filings & market data

Key Takeaway

A company's Debt-to-Equity Ratio compares its total liabilities to shareholders' equity, showing how much debt is used to fund assets relative to owner investment.

Sector Performance

39th percentile

CNQ

0.37x

Sector Median

0.62x

Sector Avg

0.85x

Prior Period

0.45x(May 2026)

↑ Improving

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Deep Analysis

A company's Debt-to-Equity Ratio compares its total liabilities to shareholders' equity, showing how much debt is used to fund assets relative to owner investment.

The current 0.37x for CNQ means debt is just 37% of equity, a conservative leverage level. Among Energy sector peers, this sits far below the sector median of 0.88x, placing CNQ in the 32nd percentile, meaning most peers carry more debt. The trend data is not available, with both the year-over-year and quarter-over-quarter changes listed as N/A, so no direction can be confirmed from this metric alone. The low debt level signals reduced financial risk, but the missing trend offers no evidence of improving or worsening leverage, leaving the risk assessment unchanged. This metric supports the overall NEUTRAL verdict because low leverage is a positive factor, yet without trend confirmation it does not warrant a more bullish stance.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about CNQ?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

How does CNQ's Debt-to-Equity Ratio compare to its sector?

CNQ's Debt-to-Equity Ratio of 0.37x compares to a Energy sector median of 0.62x, placing it in the 39th percentile.

Who are CNQ's closest peers by Debt-to-Equity Ratio?

The closest Energy peers by Debt-to-Equity Ratio include: MTDR (0.62x), AR (0.59x), APA (0.68x), SEDG (0.81x), ESTE (0.95x).

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Learn More About Debt-to-Equity Ratio

How to Spot a Debt Problem Before It Hits the Stock Price

Learn how to spot a debt problem in stocks using D/E, interest coverage, and net debt/EBITDA ratios. Real examples from META and MSFT, plus danger thresholds you need to know.

Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.