Canadian National Railway Co (TSX:CNR) Debt-to-Equity : 0.94 (As of Dec. 2023)

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What is Canadian National Railway Co Debt-to-Equity?

Canadian National Railway Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2,457 Mil. Canadian National Railway Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$16,431 Mil. Canadian National Railway Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$20,117 Mil. Canadian National Railway Co's debt to equity for the quarter that ended in Dec. 2023 was 0.94.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Canadian National Railway Co's Debt-to-Equity or its related term are showing as below:

TSX:CNR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 0.7 Max: 0.94
Current: 0.94

During the past 13 years, the highest Debt-to-Equity Ratio of Canadian National Railway Co was 0.94. The lowest was 0.57. And the median was 0.70.

TSX:CNR's Debt-to-Equity is ranked worse than
66.89% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs TSX:CNR: 0.94

Canadian National Railway Co Debt-to-Equity Historical Data

The historical data trend for Canadian National Railway Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Canadian National Railway Co Debt-to-Equity Chart

Canadian National Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.79

0.68

0.57

0.74

0.94

Canadian National Railway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.74	0.81	0.85	0.94	0.94

Competitive Comparison of Canadian National Railway Co's Debt-to-Equity

For the Railroads subindustry, Canadian National Railway Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian National Railway Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canadian National Railway Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Canadian National Railway Co's Debt-to-Equity falls into.

Canadian National Railway Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canadian National Railway Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2457	+	16431)	/	20117
	=	0.94

Canadian National Railway Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2457	+	16431)	/	20117
	=	0.94

Canadian National Railway Co (TSX:CNR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Canadian National Railway Co Debt-to-Equity Related Terms

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Canadian National Railway Co (TSX:CNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canadian National Railway Co (TSX:CNR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CNI:USA CNI:Mexico CY2:Germany CNIC34:Brazil

Address

935 de La Gauchetiere Street West, Montreal, QC, CAN, H3B 2M9

Website

https://www.cn.ca

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2022, CN generated roughly CAD 17.1 billion in revenue by hauling intermodal containers (29% of consolidated revenue), petroleum and chemicals (19%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.

Canadian National Railway Co (TSX:CNR) Headlines

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