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CANADIAN NATURAL RESOURCES Ltd

CNQNYSECrude Petroleum & Natural GasFiscal year ends December 31
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 26, 2026Score 2/30
$53.64−2.47 (-4.40%)

Close on Nov 2, 2026Market cap $111.66BP/E 14.5Yield –

Canadian Natural Resources Debt to Book Capitalization by Year

Debt to Book Capitalization (%) (%)

QuarterlyAnnual

Canadian Natural Resources Debt to Book Capitalization: 26.0% in 2025, down 6.0 pts from a year earlier.

Latest, 2025
26.0%
Period ended Dec 31, 2025
Change on a year earlier
-6.0 pts
32.0% in 2024
History
11 years
Since 2015
Sources
9
Documents cited below

Where the 2025 figure comes from

“|| Debt to book capitalization (2) | 26% | 32% | 20%”

Source: Canadian Natural Form 40-F, filed 2026-03-26 ↗

Annual history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedDebt to Book Capitalization (%) (%)Year on yearSource
2025Dec 31, 202526.0%-6.0 ptsCanadian Natural Form 40-F, filed 2026-03-26 ↗
2024Dec 31, 202432.0%+12.0 ptsCanadian Natural Form 40-F, filed 2026-03-26 ↗
2023Dec 31, 202320.0%-2.0 ptsCanadian Natural Form 40-F, filed 2026-03-26 ↗
2022Dec 31, 202222.0%-5.0 ptsCanadian Natural Form 40-F, filed 2025-03-26 ↗
2021Dec 31, 202127.0%-13.0 ptsCanadian Natural Form 40-F, filed 2024-03-20 ↗
2020Dec 31, 202040.0%+3.0 ptsCanadian Natural Form 40-F, filed 2023-03-23 ↗
2019Dec 31, 201937.0%-2.0 ptsCanadian Natural Form 40-F, filed 2022-03-23 ↗
2018Dec 31, 201839.0%-2.0 ptsCanadian Natural Form 40-F, filed 2021-03-24 ↗
2017Dec 31, 201741.0%+2.0 ptsCanadian Natural Form 40-F, filed 2020-03-27 ↗
2016Dec 31, 201639.0%+1.0 ptsCanadian Natural Form 40-F, filed 2019-03-27 ↗
2015Dec 31, 201538.0%–Canadian Natural Form 40-F, filed 2018-03-22 ↗

Cite this data

StockData. (2026). Canadian Natural Resources Debt to Book Capitalization (%), annual 2015–2025 [Data set]. Compiled from Canadian Natural Resources SEC filings and investor materials. https://stockdatahq.com/stocks/cnq/kpis/fin-debt-to-cap-pct

See every metric in the Canadian Natural Resources KPI table. Data updated Oct 31, 2026.