Canadian Natural (CRC) Ratios
Canadian Natural Ratios
DE:CRC's free cash flow for Q2 2026 was $4.42B. For the 2026 fiscal year, DE:CRC's free cash flow was decreased by $-2.40B and operating cash flow was $6.82B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.95 | 0.77 | 0.96 | 0.82 | 0.80 |
| Quick Ratio | 0.63 | 0.48 | 0.69 | 0.61 | 0.59 |
| Cash Ratio | 0.08 | 0.01 | 0.12 | 0.11 | 0.10 |
| Solvency Ratio | 0.43 | 0.28 | 0.41 | 0.48 | 0.34 |
| Operating Cash Flow Ratio | 1.87 | 1.39 | 1.66 | 2.24 | 1.95 |
| Short-Term Operating Cash Flow Coverage | 18.56 | 5.58 | 9.67 | 48.00 | 14.48 |
| Net Current Asset Value | $ -39.80B | $ -38.49B | $ -28.96B | $ -30.91B | $ -33.78B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.21 | 0.24 | 0.16 | 0.17 | 0.21 |
| Debt-to-Equity Ratio | 0.44 | 0.51 | 0.31 | 0.34 | 0.44 |
| Debt-to-Capital Ratio | 0.31 | 0.34 | 0.24 | 0.25 | 0.31 |
| Long-Term Debt-to-Capital Ratio | 0.27 | 0.29 | 0.20 | 0.22 | 0.27 |
| Financial Leverage Ratio | 2.07 | 2.16 | 1.91 | 1.99 | 2.08 |
| Debt Service Coverage Ratio | 13.00 | 4.38 | 7.79 | 17.65 | 8.11 |
| Interest Coverage Ratio | 9.86 | 14.45 | 15.14 | 22.03 | 12.80 |
| Debt to Market Cap | 0.17 | 0.20 | 0.12 | 0.13 | 0.24 |
| Interest Debt Per Share | 9.83 | 9.86 | 5.98 | 6.02 | 7.20 |
| Net Debt to EBITDA | 0.80 | 1.31 | 0.66 | 0.56 | 0.95 |
| Profitability Margins | |||||
| Gross Profit Margin | 23.27% | 26.25% | 28.83% | 32.83% | 32.19% |
| EBIT Margin | 36.31% | 21.04% | 26.59% | 29.02% | 32.43% |
| EBITDA Margin | 61.50% | 37.13% | 42.29% | 43.87% | 49.85% |
| Operating Profit Margin | 21.22% | 23.43% | 25.63% | 29.80% | 28.95% |
| Pretax Profit Margin | 34.16% | 19.42% | 24.89% | 27.67% | 30.17% |
| Net Profit Margin | 27.91% | 14.71% | 20.16% | 22.08% | 23.33% |
| Continuous Operations Profit Margin | 27.91% | 14.71% | 20.16% | 22.08% | 23.33% |
| Net Income Per EBT | 81.72% | 75.77% | 80.99% | 79.81% | 77.33% |
| EBT Per EBIT | 160.97% | 82.85% | 97.14% | 92.85% | 104.19% |
| Return on Assets (ROA) | 11.78% | 7.15% | 10.84% | 14.36% | 10.00% |
| Return on Equity (ROE) | 24.39% | 15.47% | 20.67% | 28.65% | 20.74% |
| Return on Capital Employed (ROCE) | 9.82% | 12.84% | 15.27% | 21.87% | 13.74% |
| Return on Invested Capital (ROIC) | 7.95% | 9.40% | 12.14% | 17.29% | 10.44% |
| Return on Tangible Assets | 11.78% | 7.15% | 10.84% | 14.36% | 10.00% |
| Earnings Yield | 11.13% | 6.47% | 8.69% | 12.81% | 12.39% |
| Efficiency Ratios | |||||
| Receivables Turnover | 9.69 | 10.06 | 12.80 | 13.93 | 10.56 |
| Payables Turnover | 26.91 | 28.37 | 20.50 | 24.81 | 27.74 |
| Inventory Turnover | 11.35 | 10.96 | 14.29 | 18.33 | 14.39 |
| Fixed Asset Turnover | 0.48 | 0.54 | 0.60 | 0.72 | 0.47 |
| Asset Turnover | 0.42 | 0.49 | 0.54 | 0.65 | 0.43 |
| Working Capital Turnover Ratio | -29.53 | -33.29 | -43.86 | -32.23 | -29.91 |
| Cash Conversion Cycle | 56.26 | 56.72 | 36.24 | 31.40 | 46.77 |
| Days of Sales Outstanding | 37.66 | 36.28 | 28.50 | 26.20 | 34.56 |
| Days of Inventory Outstanding | 32.17 | 33.30 | 25.55 | 19.91 | 25.36 |
| Days of Payables Outstanding | 13.56 | 12.87 | 17.81 | 14.71 | 13.16 |
| Operating Cycle | 69.82 | 69.58 | 54.05 | 46.11 | 59.93 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 7.22 | 6.30 | 5.66 | 8.54 | 6.13 |
| Free Cash Flow Per Share | 4.03 | 3.76 | 3.41 | 6.29 | 4.23 |
| Dividend Paid and CapEx Coverage Ratio | 1.31 | 1.36 | 1.40 | 1.93 | 2.17 |
| Capital Expenditure Coverage Ratio | 2.26 | 2.49 | 2.52 | 3.80 | 3.22 |
| Operating Cash Flow Coverage Ratio | 0.77 | 0.66 | 1.00 | 1.49 | 0.89 |
| Operating Cash Flow to Sales Ratio | 0.39 | 0.32 | 0.30 | 0.39 | 0.44 |
| Free Cash Flow Yield | 8.67% | 8.48% | 7.86% | 16.74% | 16.15% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 8.99 | 15.45 | 11.51 | 7.80 | 8.07 |
| Price-to-Sales (P/S) Ratio | 2.51 | 2.27 | 2.32 | 1.72 | 1.88 |
| Price-to-Book (P/B) Ratio | 2.19 | 2.39 | 2.38 | 2.24 | 1.67 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 11.53 | 11.79 | 12.73 | 5.97 | 6.19 |
| Price-to-Operating Cash Flow Ratio | 6.44 | 7.05 | 7.67 | 4.40 | 4.27 |
| Price-to-Earnings Growth (PEG) Ratio | 0.11 | -0.65 | -0.53 | 0.16 | -0.00 |
| Enterprise Value Multiple | 4.88 | 7.43 | 6.15 | 4.48 | 4.72 |
| Enterprise Value | 116.27B | 114.50B | 106.20B | 97.41B | 77.38B |
| EV to EBITDA | 4.88 | 7.43 | 6.15 | 4.48 | 4.72 |
| EV to Sales | 3.00 | 2.76 | 2.60 | 1.97 | 2.36 |
| EV to Free Cash Flow | 13.79 | 14.31 | 14.27 | 6.82 | 7.75 |
| EV to Operating Cash Flow | 7.70 | 8.55 | 8.60 | 5.02 | 5.34 |
| Tangible Book Value Per Share | 21.22 | 18.57 | 18.25 | 16.82 | 15.64 |
| Shareholders’ Equity Per Share | 21.22 | 18.57 | 18.25 | 16.82 | 15.64 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.18 | 0.24 | 0.19 | 0.20 | 0.23 |
| Revenue Per Share | 18.54 | 19.53 | 18.71 | 21.82 | 13.91 |
| Net Income Per Share | 5.17 | 2.87 | 3.77 | 4.82 | 3.24 |
| Tax Burden | 0.82 | 0.76 | 0.81 | 0.80 | 0.77 |
| Interest Burden | 0.94 | 0.92 | 0.94 | 0.95 | 0.93 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Stock-Based Compensation to Revenue | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 |
| Income Quality | 1.40 | 2.19 | 1.50 | 1.77 | 1.89 |
Currency in CAD