Canadian Net Debt vs Cash Analysis

CNQ Stock

USD 75.77 0.26 0.34%

Canadian Natural financial indicator trend analysis is way more than just evaluating Canadian Natural Res prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Natural Res is a good investment. Please check the relationship between Canadian Natural Net Debt and its Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian Natural Res Net Debt account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Canadian Natural's Net Debt and Cash is -0.13. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Cash in the same time period over historical financial statements of Canadian Natural Resources, assuming nothing else is changed. The correlation between historical values of Canadian Natural's Net Debt and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Canadian Natural Resources are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Net Debt i.e., Canadian Natural's Net Debt and Cash go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Cash

Cash refers to the most liquid asset of Canadian Natural Res, which is listed under current asset account on Canadian Natural Resources balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Canadian Natural customers. The amounts must be unrestricted with restricted cash listed in a different Canadian Natural account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Canadian Natural's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Natural Res current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

At this time, Canadian Natural's Selling General Administrative is relatively stable compared to the past year. As of 05/17/2024, Sales General And Administrative To Revenue is likely to grow to 0.03, while Enterprise Value Multiple is likely to drop 5.85.

	2021	2022	2023	2024 (projected)
Interest Expense	711M	549M	636M	333.6M
Depreciation And Amortization	5.7B	7.4B	6.8B	7.1B

Interest Expense Depreciation And Amortization

Canadian Natural fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Inventory	Other Current Assets	Cash	Cash And Short Term Investments	Other Current Liab	Other Liab	Net Tangible Assets	Other Assets	Long Term Debt
Total Assets		0.81	0.75	0.8	1.0	0.78	0.78	0.51	1.0	0.12	0.66	-0.72	0.96	-0.2	0.98	0.51	0.61	0.52	0.01	0.3	0.47	0.28	0.63	0.62	0.66	0.75
Short Long Term Debt Total	0.81		0.42	0.56	0.83	1.0	0.51	0.2	0.83	-0.1	0.38	-0.5	0.93	-0.3	0.89	0.14	0.34	0.19	-0.04	-0.09	0.33	-0.04	0.5	0.47	0.89	0.98
Total Current Liabilities	0.75	0.42		0.95	0.73	0.39	0.93	0.89	0.73	0.43	0.93	-0.59	0.63	-0.18	0.69	0.89	0.92	0.88	0.29	0.76	0.75	0.68	0.78	0.82	0.34	0.41
Total Stockholder Equity	0.8	0.56	0.95		0.79	0.53	0.97	0.87	0.79	0.52	0.87	-0.65	0.73	-0.19	0.77	0.85	0.89	0.86	0.37	0.67	0.71	0.61	0.81	0.81	0.45	0.54
Property Plant And Equipment Net	1.0	0.83	0.73	0.79		0.8	0.77	0.48	1.0	0.1	0.63	-0.73	0.97	-0.2	0.99	0.48	0.57	0.49	-0.02	0.26	0.42	0.25	0.61	0.6	0.67	0.77
Net Debt	0.78	1.0	0.39	0.53	0.8		0.49	0.17	0.8	-0.12	0.34	-0.49	0.92	-0.29	0.87	0.1	0.31	0.15	-0.05	-0.13	0.29	-0.08	0.47	0.44	0.89	0.97
Retained Earnings	0.78	0.51	0.93	0.97	0.77	0.49		0.81	0.77	0.45	0.84	-0.78	0.69	-0.13	0.73	0.78	0.83	0.78	0.45	0.59	0.62	0.52	0.67	0.71	0.34	0.47
Accounts Payable	0.51	0.2	0.89	0.87	0.48	0.17	0.81		0.49	0.69	0.83	-0.37	0.39	-0.13	0.44	0.93	0.92	0.96	0.46	0.87	0.81	0.88	0.81	0.82	0.25	0.22
Non Current Assets Total	1.0	0.83	0.73	0.79	1.0	0.8	0.77	0.49		0.11	0.63	-0.73	0.97	-0.2	0.99	0.48	0.58	0.49	-0.01	0.26	0.43	0.25	0.61	0.6	0.67	0.77
Non Currrent Assets Other	0.12	-0.1	0.43	0.52	0.1	-0.12	0.45	0.69	0.11		0.39	0.01	0.04	0.0	0.06	0.64	0.51	0.73	0.48	0.64	0.32	0.61	0.56	0.57	-0.01	-0.09
Net Receivables	0.66	0.38	0.93	0.87	0.63	0.34	0.84	0.83	0.63	0.39		-0.51	0.56	-0.02	0.62	0.86	0.96	0.85	0.33	0.76	0.78	0.62	0.75	0.74	0.29	0.37
Common Stock Shares Outstanding	-0.72	-0.5	-0.59	-0.65	-0.73	-0.49	-0.78	-0.37	-0.73	0.01	-0.51		-0.65	-0.1	-0.68	-0.3	-0.4	-0.28	-0.3	-0.07	-0.19	-0.08	-0.2	-0.23	-0.2	-0.39
Non Current Liabilities Total	0.96	0.93	0.63	0.73	0.97	0.92	0.69	0.39	0.97	0.04	0.56	-0.65		-0.22	0.99	0.37	0.5	0.39	-0.06	0.14	0.4	0.14	0.61	0.57	0.79	0.89
Other Stockholder Equity	-0.2	-0.3	-0.18	-0.19	-0.2	-0.29	-0.13	-0.13	-0.2	0.0	-0.02	-0.1	-0.22		-0.22	-0.18	-0.16	-0.17	-0.09	-0.13	-0.29	-0.09	-0.27	-0.41	-0.36	-0.28
Total Liab	0.98	0.89	0.69	0.77	0.99	0.87	0.73	0.44	0.99	0.06	0.62	-0.68	0.99	-0.22		0.43	0.56	0.45	-0.05	0.21	0.44	0.2	0.63	0.6	0.75	0.85
Property Plant And Equipment Gross	0.51	0.14	0.89	0.85	0.48	0.1	0.78	0.93	0.48	0.64	0.86	-0.3	0.37	-0.18	0.43		0.94	0.98	0.37	0.96	0.82	0.81	0.81	0.81	0.17	0.17
Total Current Assets	0.61	0.34	0.92	0.89	0.57	0.31	0.83	0.92	0.58	0.51	0.96	-0.4	0.5	-0.16	0.56	0.94		0.93	0.43	0.86	0.9	0.75	0.83	0.82	0.35	0.36
Inventory	0.52	0.19	0.88	0.86	0.49	0.15	0.78	0.96	0.49	0.73	0.85	-0.28	0.39	-0.17	0.45	0.98	0.93		0.37	0.93	0.8	0.84	0.87	0.86	0.25	0.22
Other Current Assets	0.01	-0.04	0.29	0.37	-0.02	-0.05	0.45	0.46	-0.01	0.48	0.33	-0.3	-0.06	-0.09	-0.05	0.37	0.43	0.37		0.3	0.34	0.29	0.1	0.25	-0.14	-0.13
Cash	0.3	-0.09	0.76	0.67	0.26	-0.13	0.59	0.87	0.26	0.64	0.76	-0.07	0.14	-0.13	0.21	0.96	0.86	0.93	0.3		0.79	0.85	0.72	0.7	0.01	-0.03
Cash And Short Term Investments	0.47	0.33	0.75	0.71	0.42	0.29	0.62	0.81	0.43	0.32	0.78	-0.19	0.4	-0.29	0.44	0.82	0.9	0.8	0.34	0.79		0.72	0.77	0.71	0.45	0.39
Other Current Liab	0.28	-0.04	0.68	0.61	0.25	-0.08	0.52	0.88	0.25	0.61	0.62	-0.08	0.14	-0.09	0.2	0.81	0.75	0.84	0.29	0.85	0.72		0.66	0.65	0.12	0.01
Other Liab	0.63	0.5	0.78	0.81	0.61	0.47	0.67	0.81	0.61	0.56	0.75	-0.2	0.61	-0.27	0.63	0.81	0.83	0.87	0.1	0.72	0.77	0.66		0.91	0.64	0.57
Net Tangible Assets	0.62	0.47	0.82	0.81	0.6	0.44	0.71	0.82	0.6	0.57	0.74	-0.23	0.57	-0.41	0.6	0.81	0.82	0.86	0.25	0.7	0.71	0.65	0.91		0.54	0.48
Other Assets	0.66	0.89	0.34	0.45	0.67	0.89	0.34	0.25	0.67	-0.01	0.29	-0.2	0.79	-0.36	0.75	0.17	0.35	0.25	-0.14	0.01	0.45	0.12	0.64	0.54		0.93
Long Term Debt	0.75	0.98	0.41	0.54	0.77	0.97	0.47	0.22	0.77	-0.09	0.37	-0.39	0.89	-0.28	0.85	0.17	0.36	0.22	-0.13	-0.03	0.39	0.01	0.57	0.48	0.93

Click cells to compare fundamentals

Canadian Natural Account Relationship Matchups

Canadian Natural fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	78.1B	75.3B	76.7B	76.1B	76.0B	40.8B
Short Long Term Debt Total	21.0B	21.5B	14.7B	11.4B	12.4B	9.9B
Total Current Liabilities	6.6B	5.1B	7.4B	8.7B	7.4B	7.8B
Total Stockholder Equity	35.0B	32.4B	36.9B	38.2B	39.8B	41.8B
Property Plant And Equipment Net	72.4B	69.8B	70.2B	68.5B	66.0B	37.6B
Net Debt	20.8B	21.3B	14.0B	10.5B	11.5B	9.7B
Retained Earnings	25.4B	22.8B	26.8B	27.7B	28.9B	30.4B
Accounts Payable	816M	667M	803M	1.3B	1.4B	1.5B
Non Current Assets Total	73.6B	70.9B	70.7B	69.1B	68.8B	38.1B
Non Currrent Assets Other	1.2B	951M	430M	547M	2.7B	2.9B
Net Receivables	2.5B	2.5B	3.1B	3.6B	3.2B	3.3B
Common Stock Shares Outstanding	1.2B	1.2B	1.2B	1.1B	1.1B	1.3B
Liabilities And Stockholders Equity	78.1B	75.3B	76.7B	76.1B	76.0B	40.8B
Non Current Liabilities Total	36.5B	37.8B	32.3B	29.3B	28.7B	18.6B
Total Liab	43.1B	42.9B	39.7B	38.0B	36.1B	22.2B
Property Plant And Equipment Gross	72.4B	69.8B	140.8B	146.1B	150.6B	158.1B
Total Current Assets	4.5B	4.4B	5.9B	7.1B	7.2B	7.5B
Accumulated Other Comprehensive Income	34M	8M	(1M)	209M	172M	180.6M
Inventory	1.2B	1.1B	1.5B	1.8B	2.0B	2.1B
Other Current Assets	54M	82M	35M	61M	542M	569.1M
Cash	139M	184M	744M	920M	877M	920.9M
Cash And Short Term Investments	629M	489M	1.1B	1.4B	1.4B	1.5B
Other Current Liab	819M	722M	948M	6.9B	4.7B	5.0B
Other Liab	16.3B	16.2B	17.2B	17.0B	19.5B	20.5B
Net Tangible Assets	35.0B	32.4B	36.9B	38.2B	43.9B	46.1B
Other Assets	1.2B	1.1B	565M	553M	636.0M	425.8M
Long Term Debt	18.6B	20.1B	13.7B	11.0B	9.8B	11.0B
Common Stock Total Equity	9.1B	9.3B	9.5B	9.6B	11.0B	11.6B
Short Term Investments	490M	305M	309M	491M	525M	272.4M
Short Long Term Debt	2.4B	1.3B	1B	404M	980M	967.5M
Short Term Debt	2.4B	1.3B	1B	404M	1.3B	860.4M
Common Stock	9.5B	9.6B	10.2B	10.3B	10.7B	11.2B
Property Plant Equipment	72.4B	69.8B	70.2B	68.5B	78.8B	44.5B
Current Deferred Revenue	151M	2.6B	2.3B	4.7B	5.4B	5.6B
Long Term Debt Total	20.4B	21.6B	15.1B	12.3B	14.2B	18.4B
Capital Lease Obligations	2.0B	1.9B	1.6B	1.5B	1.8B	1.9B
Non Current Liabilities Other	7.4B	5.9B	7.0B	8.2B	8.7B	5.3B
Cash And Equivalents	139M	184M	744M	920M	1.1B	1.1B
Net Invested Capital	56.0B	53.8B	51.6B	49.6B	50.6B	42.1B

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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

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Is Canadian Stock a good investment?

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What is Canadian Natural's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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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

(0.44)

Dividend Share

3.85

Earnings Share

4.95

Revenue Per Share

32.826

Quarterly Revenue Growth

(0.04)

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.

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Canadian Net Debt vs Cash Analysis

Net Debt vs Cash

Net Debt vs Cash Correlation Analysis

Correlation Coefficient

Net Debt

Cash

Canadian Natural fundamental ratios Correlations

Canadian Natural Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Natural fundamental ratios Accounts

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Complementary Tools for Canadian Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Assets Total

Common Stock Shares Outstanding	- 0.78	Retained Earnings
Common Stock Shares Outstanding	- 0.73	Non Current Assets Total
Common Stock Shares Outstanding	- 0.73	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.72	Total Assets
Total Liab	- 0.68	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.65	Common Stock Shares Outstanding