Canadian Financial Statements From 2010 to 2024

CNQ Stock  CAD 102.10  1.77  1.70%   
Canadian Natural financial statements provide useful quarterly and yearly information to potential Canadian Natural Resources investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Canadian Natural financial statements helps investors assess Canadian Natural's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Canadian Natural's valuation are summarized below:
Gross Profit
23.6 B
Profit Margin
0.2086
Market Capitalization
110.9 B
Enterprise Value Revenue
3.0899
Revenue
35.6 B
We have found one hundred twenty available fundamental signals for Canadian Natural Resources, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to validate Canadian Natural's prevailing fundamentals against the trend between 2010 and 2024 to make sure the company can sustain itself down the road. As of the 7th of May 2024, Market Cap is likely to grow to about 43.4 B. Also, Enterprise Value is likely to grow to about 59.3 B

Canadian Natural Total Revenue

42.88 Billion

Check Canadian Natural financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canadian main balance sheet or income statement drivers, such as Depreciation And Amortization of 8.9 B, Interest Expense of 725.5 M or Selling General Administrative of 504.8 M, as well as many exotic indicators such as Price To Sales Ratio of 2.5, Dividend Yield of 0.0431 or PTB Ratio of 4.07. Canadian financial statements analysis is a perfect complement when working with Canadian Natural Valuation or Volatility modules.
  
This module can also supplement various Canadian Natural Technical models . Check out the analysis of Canadian Natural Correlation against competitors.

Canadian Natural Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets40.8 B76 B59.7 B
Slightly volatile
Short and Long Term Debt Total9.7 B13.2 B14 B
Slightly volatile
Total Current Liabilities7.8 B7.4 B5.5 B
Slightly volatile
Total Stockholder Equity41.8 B39.8 B29.6 B
Slightly volatile
Property Plant And Equipment Net37.6 B68.2 B54.9 B
Slightly volatile
Net Debt9.7 B9.9 B13.6 B
Slightly volatile
Retained Earnings30.4 B28.9 B22.5 B
Slightly volatile
Accounts Payable1.5 B1.4 B765.3 M
Slightly volatile
Non Current Assets Total38.1 B68.8 B55.8 B
Slightly volatile
Non Currrent Assets Other517.3 M541 M844.9 M
Pretty Stable
Net Receivables3.3 B3.2 B2.2 B
Slightly volatile
Common Stock Shares Outstanding1.2 B1.1 B1.2 B
Pretty Stable
Liabilities And Stockholders Equity91.9 B87.6 B63.8 B
Slightly volatile
Non Current Liabilities Total18.6 B28.7 B26.5 B
Slightly volatile
Total Liabilities22.2 B36.1 B31.6 B
Slightly volatile
Property Plant And Equipment Gross158.1 B150.6 B78.3 B
Slightly volatile
Total Current Assets7.5 B7.2 B4.2 B
Slightly volatile
Inventory2.1 BBB
Slightly volatile
Other Current Assets307.3 M542 M244.4 M
Very volatile
Cash920.9 M877 M281.4 M
Slightly volatile
Cash And Short Term Investments1.7 B1.6 B709.9 M
Slightly volatile
Other Current Liabilities2.8 B1.5 B3.1 B
Slightly volatile
Short Term Debt441.4 M464.6 M1.1 B
Very volatile
Common Stock Total Equity6.8 B11 B6.8 B
Slightly volatile
Common Stock7.6 B11.8 BB
Slightly volatile
Other Liabilities16.2 B19.5 B14.7 B
Slightly volatile
Net Tangible Assets34.6 B43.9 B31.3 B
Slightly volatile
Other Assets925.2 M636 M692 M
Slightly volatile
Long Term Debt16.5 B9.8 B13.7 B
Slightly volatile
Long Term Investments237.2 M258.3 M286.8 M
Slightly volatile
Short and Long Term Debt1.7 B980 M3.6 B
Slightly volatile
Property Plant Equipment69.1 B78.8 B61.6 B
Slightly volatile
Deferred Long Term Liabilities8.2 B10.1 B8.2 B
Slightly volatile
Short Term Investments482.1 M525 M718.4 M
Slightly volatile
Long Term Debt Total14 B11.1 B16 B
Very volatile
Non Current Liabilities Other6.7 B8.7 BB
Slightly volatile
Cash And Equivalents1.1 B1.1 B300.9 M
Slightly volatile
Net Invested Capital42.1 B50.6 B52.6 B
Slightly volatile
Capital Stock10.9 B10.7 B9.7 B
Slightly volatile
Current Deferred RevenueB2.1 B2.5 B
Slightly volatile
Capital Lease Obligations1.4 B1.4 B1.9 B
Slightly volatile

Canadian Natural Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization8.9 B8.5 B5.4 B
Slightly volatile
Interest Expense725.5 M691 M531 M
Slightly volatile
Selling General Administrative504.8 M943 M479.6 M
Slightly volatile
Total Revenue42.9 B40.8 B22.9 B
Slightly volatile
Other Operating Expenses42 B40 B19.5 B
Slightly volatile
EBITDA26.7 B25.4 B11.2 B
Slightly volatile
Cost Of Revenue30.5 B29.1 B17.2 B
Slightly volatile
Total Operating Expenses31.9 B30.4 B4.9 B
Slightly volatile
Non Recurring105.8 M117.9 M138.4 M
Slightly volatile
Interest Income52.2 M55 M591.5 M
Pretty Stable
Reconciled Depreciation6.5 B6.4 B5.6 B
Slightly volatile

Canadian Natural Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation8.9 B8.5 B5.5 B
Slightly volatile
Capital Expenditures4.3 B4.9 B4.9 B
Pretty Stable
Total Cash From Operating Activities13 B12.4 B8.5 B
Slightly volatile
End Period Cash Flow920.9 M877 M281.4 M
Slightly volatile
Begin Period Cash Flow966 M920 M227.4 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.52.63393.3134
Slightly volatile
Dividend Yield0.04310.04110.0296
Slightly volatile
PTB Ratio4.072.37842.6829
Slightly volatile
Days Sales Outstanding57.4232.361744.5166
Pretty Stable
Book Value Per Share38.3236.499226.1627
Slightly volatile
Invested Capital0.260.27860.5203
Slightly volatile
Operating Cash Flow Per Share11.8911.31947.5058
Slightly volatile
Average Payables286.2 M280.1 M298.6 M
Pretty Stable
Stock Based Compensation To Revenue0.01760.01370.0153
Very volatile
PB Ratio4.072.37842.6829
Slightly volatile
EV To Sales2.812.9534.0989
Slightly volatile
Inventory Turnover12.7212.075217.033
Pretty Stable
Days Of Inventory On Hand32.0830.227224.5627
Pretty Stable
Payables Turnover10.517.320920.3994
Pretty Stable
Sales General And Administrative To Revenue0.03380.02620.0306
Pretty Stable
Average Inventory303.7 M289.3 M299.3 M
Slightly volatile
Cash Per Share1.351.28470.6015
Slightly volatile
POCF Ratio11.367.66918.1731
Slightly volatile
Days Payables Outstanding20.0221.072842.1929
Slightly volatile
EV To Operating Cash Flow13.538.598210.3245
Slightly volatile
Net Debt To EBITDA0.630.66561.856
Pretty Stable
Current Ratio0.910.9640.7676
Slightly volatile
Tangible Book Value Per Share38.3236.499226.1627
Slightly volatile
Receivables Turnover6.4611.27889.6423
Pretty Stable
Graham Number82.6578.711441.7297
Slightly volatile
Shareholders Equity Per Share38.3236.499226.1627
Slightly volatile
Debt To Equity0.260.27860.5203
Slightly volatile
Average Receivables773.5 M1.2 B1.2 B
Pretty Stable
Revenue Per Share34.6132.958519.6662
Slightly volatile
Interest Debt Per Share6.4710.801712.3761
Slightly volatile
Debt To Assets0.130.13950.2359
Slightly volatile
Enterprise Value Over EBITDA10.656.15988.6523
Pretty Stable
Short Term Coverage Ratios9.189.665917.0878
Slightly volatile
Operating Cycle80.1962.588964.2371
Very volatile
Price Book Value Ratio4.072.37842.6829
Slightly volatile
Days Of Payables Outstanding20.0221.072842.1929
Slightly volatile
Price To Operating Cash Flows Ratio11.367.66918.1731
Slightly volatile
Ebt Per Ebit0.730.97140.9836
Pretty Stable
Company Equity Multiplier2.521.99682.1892
Very volatile
Long Term Debt To Capitalization0.190.19780.3128
Slightly volatile
Total Debt To Capitalization0.420.21790.3443
Pretty Stable
Debt Equity Ratio0.260.27860.5203
Slightly volatile
Quick Ratio0.740.61750.5597
Very volatile
Net Income Per E B T0.540.80990.714
Very volatile
Cash Ratio0.120.1180.0394
Slightly volatile
Operating Cash Flow Sales Ratio0.50.34340.4044
Pretty Stable
Days Of Inventory Outstanding32.0830.227224.5627
Pretty Stable
Days Of Sales Outstanding57.4232.361744.5166
Pretty Stable
Cash Flow Coverage Ratios1.171.11320.6816
Slightly volatile
Price To Book Ratio4.072.37842.6829
Slightly volatile
Fixed Asset Turnover0.30.54460.367
Slightly volatile
Price Cash Flow Ratio11.367.66918.1731
Slightly volatile
Enterprise Value Multiple10.656.15988.6523
Pretty Stable
Debt Ratio0.130.13950.2359
Slightly volatile
Cash Flow To Debt Ratio1.171.11320.6816
Slightly volatile
Price Sales Ratio2.52.63393.3134
Slightly volatile
Asset Turnover0.270.45220.3352
Pretty Stable
Price Fair Value4.072.37842.6829
Slightly volatile

Canadian Natural Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap43.4 B41.3 B42.6 B
Slightly volatile
Enterprise Value59.3 B56.5 B58.1 B
Slightly volatile

Canadian Fundamental Market Drivers

Forward Price Earnings14.3266

About Canadian Natural Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Canadian Natural income statement, its balance sheet, and the statement of cash flows. Canadian Natural investors use historical funamental indicators, such as Canadian Natural's revenue or net income, to determine how well the company is positioned to perform in the future. Although Canadian Natural investors may use each financial statement separately, they are all related. The changes in Canadian Natural's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canadian Natural's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Canadian Natural Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Canadian Natural. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue2.1 BB
Total Revenue40.8 B42.9 B
Cost Of Revenue29.1 B30.5 B
Stock Based Compensation To Revenue 0.01  0.02 
Sales General And Administrative To Revenue 0.03  0.03 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.14)(0.14)
Revenue Per Share 32.96  34.61 
Ebit Per Revenue 0.29  0.30 
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canadian Natural in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canadian Natural's short interest history, or implied volatility extrapolated from Canadian Natural options trading.

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.

Moving together with Canadian Stock

  0.8ENB-PFC Enbridge Pref 11PairCorr
  0.77ENB-PFU Enbridge Pref LPairCorr
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 CorrelationCorrelation Matching
When determining whether Canadian Natural Res is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Natural Resources Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Natural Resources Stock:
Check out the analysis of Canadian Natural Correlation against competitors.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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Please note, there is a significant difference between Canadian Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Natural's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.