Debt-to-Equity Ratio
Higher than 31% of Energy sector peers
Updated 143h ago
Sector Performance
31th percentileCNQ
0.37x
Sector Median
0.68x
Sector Avg
1.12x
Deep Analysis
A company’s debt-to-equity ratio compares its total liabilities to shareholders’ equity, measuring how much it relies on borrowed money versus its own funds.
At 0.37x, Canadian Natural Resources Limited uses low financial leverage. This is well below the sector median of 0.83x, ranking in the 28th percentile among energy peers, meaning most competitors carry more debt relative to equity. The year-over-year change is not available, but the ratio dropped 17.8% quarter-over-quarter from 0.45x to 0.37x. A low level paired with a recent decline implies reduced financial risk and less vulnerability to interest rate changes, which is attractive for conservative investors. This metric directly supports the overall BULLISH verdict, as a decreasing debt-to-equity ratio strengthens the company’s balance sheet.
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 0.68x, placing it in the 31th percentile.
Who are CNQ's closest peers by Debt-to-Equity Ratio?
The closest Energy peers by Debt-to-Equity Ratio include: APA (0.68x), REI (0.68x), MTDR (0.62x), AR (0.59x), BKR (0.84x).
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.
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0.37x
Sector Median
0.68x
Sector Avg
1.12x
How CNQ's Debt-to-Equity Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.