Canadian Natural Resources Stock Total Debt
| CNQ Stock | USD 76.90 0.17 0.22% |
Canadian Natural Resources fundamentals help investors to digest information that contributes to Canadian Natural's financial success or failures. It also enables traders to predict the movement of Canadian Stock. The fundamental analysis module provides a way to measure Canadian Natural's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canadian Natural stock.
As of 04/24/2024, Total Debt To Capitalization is likely to grow to 0.42. Canadian | Total Debt |
Canadian Natural Resources Company Total Debt Analysis
Canadian Natural's Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Current Canadian Natural Total Debt | 12.35 B |
Most of Canadian Natural's fundamental indicators, such as Total Debt, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canadian Natural Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Canadian Total Debt Driver Correlations
Understanding the fundamental principles of building solid financial models for Canadian Natural is extremely important. It helps to project a fair market value of Canadian Stock properly, considering its historical fundamentals such as Total Debt. Since Canadian Natural's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Canadian Natural's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Canadian Natural's interrelated accounts and indicators.
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Canadian Total Debt Historical Pattern
Today, most investors in Canadian Natural Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Canadian Natural's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total debt growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Canadian Natural total debt as a starting point in their analysis.
Canadian Natural Total Debt |
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In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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Canadian Short Long Term Debt Total
Short Long Term Debt Total |
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Based on the latest financial disclosure, Canadian Natural Resources has a Total Debt of 12.35 B. This is 3.48% higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The total debt for all United States stocks is 132.34% lower than that of the firm.
Canadian Total Debt Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Natural's direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canadian Natural could also be used in its relative valuation, which is a method of valuing Canadian Natural by comparing valuation metrics of similar companies.Canadian Natural is currently under evaluation in total debt category among related companies.
Canadian Natural Current Valuation Drivers
We derive many important indicators used in calculating different scores of Canadian Natural from analyzing Canadian Natural's financial statements. These drivers represent accounts that assess Canadian Natural's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Canadian Natural's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 50.3B | 36.2B | 63.6B | 85.3B | 94.7B | 99.4B | |
| Enterprise Value | 71.2B | 57.5B | 77.6B | 95.8B | 106.1B | 111.4B |
Canadian Natural ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Canadian Natural's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Canadian Natural's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Canadian Natural Institutional Holders
Institutional Holdings refers to the ownership stake in Canadian Natural that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Canadian Natural's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Canadian Natural's value.| Shares | 1832 Asset Management L.p | 2023-12-31 | 15.8 M | Mackenzie Investments | 2023-12-31 | 15.7 M | T. Rowe Price Investment Management,inc. | 2023-12-31 | 14.9 M | Yacktman Asset Management Co | 2023-12-31 | 14.9 M | Bank Of America Corp | 2023-12-31 | 13.6 M | Manufacturers Life Insurance Co | 2023-12-31 | 13.4 M | Bank Of Nova Scotia | 2023-12-31 | 12.9 M | Cibc Global Asset Management Inc | 2023-12-31 | 11.5 M | Goldman Sachs Group Inc | 2023-12-31 | 11 M | Capital World Investors | 2023-12-31 | 143.7 M | Capital Research Global Investors | 2023-12-31 | 83.5 M |
Canadian Fundamentals
| Return On Equity | 0.21 | |||
| Return On Asset | 0.0858 | |||
| Profit Margin | 0.23 % | |||
| Operating Margin | 0.29 % | |||
| Current Valuation | 93.15 B | |||
| Shares Outstanding | 1.07 B | |||
| Shares Owned By Insiders | 2.20 % | |||
| Shares Owned By Institutions | 78.77 % | |||
| Number Of Shares Shorted | 107.42 M | |||
| Price To Earning | 7.81 X | |||
| Price To Book | 2.92 X | |||
| Price To Sales | 2.37 X | |||
| Revenue | 35.97 B | |||
| Gross Profit | 23.61 B | |||
| EBITDA | 17.24 B | |||
| Net Income | 8.23 B | |||
| Cash And Equivalents | 920 M | |||
| Cash Per Share | 0.87 X | |||
| Total Debt | 12.35 B | |||
| Debt To Equity | 0.38 % | |||
| Current Ratio | 0.78 X | |||
| Book Value Per Share | 37.14 X | |||
| Cash Flow From Operations | 12.35 B | |||
| Short Ratio | 16.65 X | |||
| Earnings Per Share | 5.43 X | |||
| Price To Earnings To Growth | 12.75 X | |||
| Target Price | 82.71 | |||
| Number Of Employees | 10.27 K | |||
| Beta | 1.98 | |||
| Market Capitalization | 82.54 B | |||
| Total Asset | 75.95 B | |||
| Retained Earnings | 28.95 B | |||
| Working Capital | (268 M) | |||
| Current Asset | 4.06 B | |||
| Current Liabilities | 4.59 B | |||
| Annual Yield | 0.04 % | |||
| Five Year Return | 4.13 % | |||
| Net Asset | 75.95 B | |||
| Last Dividend Paid | 3.7 |
About Canadian Natural Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Natural Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Natural using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Natural Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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
| 0.96 | AR | Antero Resources Corp Earnings Call Tomorrow | PairCorr |
| 0.97 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.96 | SD | SandRidge Energy | PairCorr |
| 0.98 | SM | SM Energy Financial Report 25th of April 2024 | PairCorr |
Moving against Canadian Stock
| 0.69 | EP | Empire Petroleum Corp | PairCorr |
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.Check out Canadian Natural Piotroski F Score and Canadian Natural Altman Z Score analysis. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Canadian Stock analysis
When running Canadian Natural's price analysis, check to measure Canadian Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Natural is operating at the current time. Most of Canadian Natural's value examination focuses on studying past and present price action to predict the probability of Canadian Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Natural's price. Additionally, you may evaluate how the addition of Canadian Natural to your portfolios can decrease your overall portfolio volatility.
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Is Canadian Natural's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian Natural. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.765 | Dividend Share 3.7 | Earnings Share 5.43 | Revenue Per Share 32.958 | Quarterly Revenue Growth (0.01) |
The market value of Canadian Natural Res is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Natural's value that differs from its market value or its book value, called intrinsic value, which is Canadian Natural's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian Natural's market value can be influenced by many factors that don't directly affect Canadian Natural's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.