Canadian Financial Statements From 2010 to 2024

Canadian Natural Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 40.8 B 76 B 59.7 B Slightly volatile Short and Long Term Debt Total 10.1 B 12.4 B 14.3 B Slightly volatile Total Current Liabilities 7.8 B 7.4 B 5.5 B Slightly volatile Total Stockholder Equity 41.8 B 39.8 B 29.6 B Slightly volatile Property Plant And Equipment Net 37.7 B 68.2 B 55 B Slightly volatile Net Debt 9.7 B 11.5 B 13.7 B Slightly volatile Retained Earnings 30.4 B 28.9 B 22.5 B Slightly volatile Accounts Payable 1.5 B 1.4 B 765.3 M Slightly volatile Non Current Assets Total 38.1 B 68.8 B 55.8 B Slightly volatile Non Currrent Assets Other 420 M 540 M 673.3 M Slightly volatile Net Receivables 3.3 B 3.2 B 2.2 B Slightly volatile Common Stock Shares Outstanding 1.9 B 2.2 B 1.9 B Slightly volatile Liabilities And Stockholders Equity 40.8 B 76 B 59.7 B Slightly volatile Non Current Liabilities Total 18.6 B 28.7 B 26.5 B Slightly volatile Total Liabilities 22.2 B 36.1 B 31.6 B Slightly volatile Property Plant And Equipment Gross 158.1 B 150.6 B 78.3 B Slightly volatile Total Current Assets 7.5 B 7.2 B 4.2 B Slightly volatile Inventory 2.1 B 2 B 1 B Slightly volatile Other Current Assets 569.1 M 542 M 270.2 M Pretty Stable Cash 920.9 M 877 M 281.4 M Slightly volatile Cash And Short Term Investments 1.5 B 1.4 B 679.8 M Slightly volatile Common Stock 7.5 B 10.7 B 6.9 B Slightly volatile Common Stock Total Equity 6.8 B 11 B 6.8 B Slightly volatile Other Liabilities 16.2 B 19.5 B 14.7 B Slightly volatile Net Tangible Assets 34.6 B 43.9 B 31.3 B Slightly volatile Other Assets 925.2 M 636 M 692 M Slightly volatile Long Term Debt 16.5 B 9.8 B 13.7 B Slightly volatile Long Term Investments 237.2 M 258.3 M 286.8 M Slightly volatile Short and Long Term Debt 1.7 B 980 M 3.6 B Slightly volatile Property Plant Equipment 69.1 B 78.8 B 61.6 B Slightly volatile Deferred Long Term Liabilities 8.2 B 10.1 B 8.2 B Slightly volatile Short Term Investments 482.1 M 525 M 718.4 M Slightly volatile Long Term Debt Total 14 B 11.1 B 16 B Very volatile Non Current Liabilities Other 6.7 B 8.7 B 5 B Slightly volatile Cash And Equivalents 1.1 B 1.1 B 300.9 M Slightly volatile Net Invested Capital 42.1 B 50.6 B 52.6 B Slightly volatile Capital Stock 10.9 B 10.7 B 9.7 B Slightly volatile Capital Lease Obligations 1.4 B 1.4 B 1.9 B Slightly volatile
Canadian Natural Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 3.4 B 6.4 B 4.9 B Slightly volatile Interest Expense 725.5 M 691 M 512.6 M Slightly volatile Selling General Administrative 487.3 M 452 M 445.7 M Slightly volatile Total Revenue 37.8 B 36 B 22.2 B Slightly volatile Other Operating Expenses 10.7 B 18.7 B 16 B Slightly volatile EBITDA 18.1 B 17.3 B 10.1 B Slightly volatile Cost Of Revenue 25.8 B 24.6 B 16.6 B Slightly volatile Total Operating Expenses 1.6 B 943 M 939.7 M Very volatile Non Recurring 105.8 M 117.9 M 138.4 M Slightly volatile Interest Income 52.2 M 55 M 591.5 M Pretty Stable Reconciled Depreciation 6.5 B 6.4 B 5.6 B Slightly volatile Selling And Marketing Expenses 392.8 M 441.9 M 481.2 M Slightly volatile
Canadian Natural Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation 7.1 B 6.8 B 5 B Slightly volatile Capital Expenditures 4.3 B 4.9 B 4.8 B Pretty Stable Total Cash From Operating Activities 13 B 12.4 B 8.5 B Slightly volatile End Period Cash Flow 920.9 M 877 M 293.4 M Slightly volatile Begin Period Cash Flow 966 M 920 M 239.4 M Slightly volatile Dividends Paid 4.1 B 3.9 B 1.7 B Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 3.97 2.6342 2.8497 Slightly volatile Dividend Yield 0.0431 0.0411 0.0296 Slightly volatile PTB Ratio 2.98 2.3787 2.0935 Pretty Stable Days Sales Outstanding 57.42 32.3617 44.5166 Pretty Stable Book Value Per Share 19.16 18.2496 13.0845 Slightly volatile Operating Cash Flow Per Share 5.94 5.6597 3.7542 Slightly volatile Average Payables 288 M 280.1 M 298.7 M Pretty Stable Capex To Depreciation 0.69 0.7241 1.4882 Slightly volatile PB Ratio 2.98 2.3787 2.0935 Pretty Stable EV To Sales 4.92 2.9533 3.6779 Slightly volatile Inventory Turnover 12.72 12.0752 17.033 Pretty Stable Days Of Inventory On Hand 32.08 30.2272 24.5627 Pretty Stable Payables Turnover 10.5 17.3209 20.3994 Pretty Stable Sales General And Administrative To Revenue 0.0119 0.0126 0.0283 Slightly volatile Average Inventory 303.7 M 289.3 M 299.3 M Slightly volatile Capex To Revenue 0.13 0.1365 0.3589 Slightly volatile Cash Per Share 0.67 0.6423 0.3004 Slightly volatile POCF Ratio 8.51 7.67 6.9954 Pretty Stable Capex To Operating Cash Flow 0.38 0.3974 0.8388 Slightly volatile Days Payables Outstanding 20.02 21.0728 42.1929 Slightly volatile EV To Operating Cash Flow 10.68 8.5991 9.1469 Pretty Stable Net Debt To EBITDA 1.31 0.6646 1.8012 Very volatile Current Ratio 0.91 0.964 0.7676 Slightly volatile Tangible Book Value Per Share 19.16 18.2496 13.401 Slightly volatile Receivables Turnover 6.46 11.2788 9.6423 Pretty Stable Graham Number 41.32 39.3557 20.8712 Slightly volatile Shareholders Equity Per Share 19.16 18.2496 13.0845 Slightly volatile Debt To Equity 0.26 0.2711 0.5198 Slightly volatile Capex Per Share 1.35 2.2491 2.1098 Pretty Stable Average Receivables 773.5 M 1.2 B 1.2 B Pretty Stable Revenue Per Share 17.3 16.4792 9.8356 Slightly volatile Interest Debt Per Share 3.2 5.2643 6.1802 Slightly volatile Debt To Assets 0.14 0.1422 0.2368 Slightly volatile Enterprise Value Over EBITDA 8.71 6.1512 7.632 Pretty Stable Short Term Coverage Ratios 11.97 12.6051 17.4698 Pretty Stable Operating Cycle 80.19 62.5889 64.2371 Very volatile Price Book Value Ratio 2.98 2.3787 2.0935 Pretty Stable Days Of Payables Outstanding 20.02 21.0728 42.1929 Slightly volatile Price To Operating Cash Flows Ratio 8.51 7.67 6.9954 Pretty Stable Ebt Per Ebit 0.72 0.5895 0.9575 Very volatile Company Equity Multiplier 2.52 1.9069 2.1833 Very volatile Long Term Debt To Capitalization 0.19 0.1978 0.3128 Slightly volatile Total Debt To Capitalization 0.42 0.2133 0.344 Pretty Stable Debt Equity Ratio 0.26 0.2711 0.5198 Slightly volatile Quick Ratio 0.78 0.6904 0.6128 Very volatile Dividend Paid And Capex Coverage Ratio 0.8 1.4038 1.1767 Slightly volatile Net Income Per E B T 0.54 0.8099 0.714 Very volatile Cash Ratio 0.12 0.118 0.0394 Slightly volatile Operating Cash Flow Sales Ratio 0.5 0.3434 0.4044 Pretty Stable Days Of Inventory Outstanding 32.08 30.2272 24.5627 Pretty Stable Days Of Sales Outstanding 57.42 32.3617 44.5166 Pretty Stable Cash Flow Coverage Ratios 1.2 1.1439 0.6857 Slightly volatile Price To Book Ratio 2.98 2.3787 2.0935 Pretty Stable Fixed Asset Turnover 0.3 0.527 0.3658 Slightly volatile Capital Expenditure Coverage Ratio 2.64 2.5164 1.7875 Slightly volatile Price Cash Flow Ratio 8.51 7.67 6.9954 Pretty Stable Enterprise Value Multiple 8.71 6.1512 7.632 Pretty Stable Debt Ratio 0.14 0.1422 0.2368 Slightly volatile Cash Flow To Debt Ratio 1.2 1.1439 0.6857 Slightly volatile Price Sales Ratio 3.97 2.6342 2.8497 Slightly volatile Asset Turnover 0.27 0.4735 0.3367 Slightly volatile Price Fair Value 2.98 2.3787 2.0935 Pretty Stable
Canadian Natural Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 30.8 B 29.3 B 30.2 B Slightly volatile Enterprise Value 41.2 B 39.3 B 40.4 B Slightly volatile

Canadian Fundamental Market Drivers

About Canadian Natural Financial Statements

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.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:

How To Invest In Canadian Details

Is Canadian Stock a good investment? Details

What is Canadian Natural's Net Worth? Details

Largest Oil & Gas E&P Companies View

Largest Energy Companies View

Altman Z Score Details

Intrinsic Valuation Details

Financial Analysis Details

Buy or Sell Advice Details

Earnings Projections Details

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.