Quick Ratio
Higher than 50% of Energy sector peers
Updated 142h ago
Sector Performance
50th percentileCNQ
0.58x
Sector Median
0.58x
Sector Avg
0.62x
Deep Analysis
Canadian Natural Resources’ quick ratio of 0.58x means the company has only $0.58 in cash, marketable securities, and receivables for every $1 of short-term liabilities — a sub-1 reading signals potential liquidity tightness.
This sits just below the sector median of 0.59x, placing CNQ at the 47th percentile among energy peers, so its liquidity profile is essentially in line with the industry average. Year-over-year data is not available, but the ratio declined by 9.4% quarter-over-quarter from 0.64x to 0.58x, reflecting a recent deterioration. The combination of a level near the sector median and a recent downward trend implies modest liquidity risk that warrants monitoring, though it is not alarming for an energy firm with stable cash flows. This metric does not support the overall BULLISH verdict — the below-median level and negative quarterly move contradict a fully optimistic view, even if the shortfall is small.
Frequently Asked Questions
What does the Quick Ratio tell investors about CNQ?
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
How is the Quick Ratio calculated?
Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.
How does CNQ's Quick Ratio compare to its sector?
CNQ's Quick Ratio of 0.58x compares to a Energy sector median of 0.58x, placing it in the 50th percentile.
Who are CNQ's closest peers by Quick Ratio?
The closest Energy peers by Quick Ratio include: NOVA (0.59x), ENB (0.53x), SPWR (0.52x), RUN (0.65x), EPD (0.50x).
The Formula
(Cash + Receivables) / Current Liabilities
Why It Matters
A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.
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0.58x
Sector Median
0.58x
Sector Avg
0.62x
How CNQ's Quick Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.