67/100B127.570
USD
0.81
(0.64%)
Pre Open
Fair value112.72Plus+13%93Price 127.57142
Q4 FY2026 · Earnings report
EPS estimate 1.56Revenue estimate 3.49B
Q4 FY2026 · Earnings report
EPS estimate 1.56Revenue estimate 3.49B
Canadian National Railway debt to equity ratioWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Canadian National Railway's debt to equity ratio is 1.06: total debt of 23.32B CAD against shareholders' equity of 22.03B CAD.
- Today
- 1.06
- Average, 5 years
- 0.91
- Low, 5 years
- 0.57
- High, 5 years
- 1.08
Debt to equity = total debt ÷ shareholders' equity = 23.32B ÷ 22.03B = 1.06
Debt to equity
Total debt
Shareholders' equity
Total debt over shareholders' equity at each quarter end.
Debt to equity by year and by quarter
| Fiscal year | Period ending | Debt to equity | Total debt | Shareholders' equity |
|---|---|---|---|---|
| Today | 1.06 | 23.32B | 22.03B | |
| FY2025 | 31 Dec 2025 | 1.01 | 21.82B | 21.55B |
| FY2024 | 31 Dec 2024 | 1.02 | 21.37B | 21.05B |
| FY2023 | 31 Dec 2023 | 0.94 | 18.89B | 20.12B |
| FY2022 | 31 Dec 2022 | 0.74 | 15.90B | 21.38B |
| FY2021 | 31 Dec 2021 | 0.57 | 12.92B | 22.74B |
| FY2020 | 31 Dec 2020 | 0.68 | 13.32B | 19.65B |
| FY2019 | 31 Dec 2019 | 0.79 | 14.30B | 18.04B |
| FY2018 | 31 Dec 2018 | 0.71 | 12.57B | 17.64B |
| FY2017 | 31 Dec 2017 | 0.65 | 10.83B | 16.66B |
| FY2016 | 31 Dec 2016 | 0.74 | 10.94B | 14.84B |
| FY2015 | 31 Dec 2015 | 0.70 | 10.43B | 14.95B |
| FY2014 | 31 Dec 2014 | 0.62 | 8.37B | 13.47B |
| FY2013 | 31 Dec 2013 | 0.61 | 7.84B | 12.95B |
| FY2012 | 31 Dec 2012 | 0.63 | 6.90B | 11.02B |
| FY2011 | 31 Dec 2011 | 0.62 | 6.58B | 10.68B |
| FY2010 | 31 Dec 2010 | 0.54 | 6.09B | 11.28B |
| FY2009 | 31 Dec 2009 | 0.58 | 6.48B | 11.23B |
| FY2008 | 31 Dec 2008 | 0.88 | 9.30B | 10.56B |
| FY2007 | 31 Dec 2007 | 0.68 | 6.95B | 10.18B |
| FY2006 | 31 Dec 2006 | 0.57 | 5.60B | 9.82B |
| FY2005 | 31 Dec 2005 | 0.55 | 5.09B | 9.25B |
| FY2004 | 31 Dec 2004 | 0.56 | 5.16B | 9.28B |
| FY2003 | 31 Dec 2003 | 0.55 | 4.66B | 8.43B |
| FY2002 | 31 Dec 2002 | 0.67 | 5.58B | 8.37B |
| FY2001 | 31 Dec 2001 | 0.79 | 5.93B | 7.49B |
| FY2000 | 31 Dec 2000 | 0.65 | 4.32B | 6.60B |
| FY1999 | 31 Dec 1999 | 0.69 | 4.23B | 6.12B |
| FY1998 | 31 Dec 1998 | 0.82 | 4.10B | 5.01B |
| FY1997 | 31 Dec 1997 | 0.42 | 1.68B | 4.01B |
| FY1996 | 31 Dec 1996 | 0.64 | 1.53B | 2.38B |
| FY1995 | 31 Dec 1995 | 0.69 | 1.60B | 2.31B |
| Quarter | Period ending | Debt to equity | Total debt | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 1.06 | 23.32B | 22.03B |
| Q2 FY2026 | 30 Jun 2026 | 1.03 | 22.63B | 21.91B |
| Q1 FY2026 | 31 Mar 2026 | 1.05 | 22.57B | 21.51B |
| Q4 FY2025 | 31 Dec 2025 | 1.01 | 21.82B | 21.55B |
| Q3 FY2025 | 30 Sept 2025 | 1.03 | 21.83B | 21.27B |
| Q2 FY2025 | 30 Jun 2025 | 0.96 | 20.75B | 21.54B |
| Q1 FY2025 | 31 Mar 2025 | 0.98 | 21.13B | 21.62B |
| Q4 FY2024 | 31 Dec 2024 | 1.02 | 21.37B | 21.05B |
| Q3 FY2024 | 30 Sept 2024 | 1.08 | 20.94B | 19.46B |
| Q2 FY2024 | 30 Jun 2024 | 1.07 | 20.76B | 19.40B |
| Q1 FY2024 | 31 Mar 2024 | 1.01 | 20.03B | 19.85B |
| Q4 FY2023 | 31 Dec 2023 | 0.94 | 18.89B | 20.12B |
| Q3 FY2023 | 30 Sept 2023 | 0.94 | 18.69B | 19.97B |
| Q2 FY2023 | 30 Jun 2023 | 0.84 | 17.23B | 20.40B |
| Q1 FY2023 | 31 Mar 2023 | 0.81 | 16.97B | 20.86B |
| Q4 FY2022 | 31 Dec 2022 | 0.74 | 15.90B | 21.38B |
| Q3 FY2022 | 30 Sept 2022 | 0.72 | 15.75B | 22.00B |
| Q2 FY2022 | 30 Jun 2022 | 0.68 | 14.68B | 21.74B |
| Q1 FY2022 | 31 Mar 2022 | 0.63 | 13.71B | 21.85B |
| Q4 FY2021 | 31 Dec 2021 | 0.57 | 12.92B | 22.74B |
| Q3 FY2021 | 30 Sept 2021 | 0.65 | 11.02B | 17.07B |
| Q2 FY2021 | 30 Jun 2021 | 0.69 | 14.10B | 20.34B |
| Q1 FY2021 | 31 Mar 2021 | 0.67 | 13.32B | 19.89B |
| Q4 FY2020 | 31 Dec 2020 | 0.68 | 13.32B | 19.65B |
| Q3 FY2020 | 30 Sept 2020 | 0.73 | 14.11B | 19.31B |
| Q2 FY2020 | 30 Jun 2020 | 0.77 | 14.50B | 18.78B |
| Q1 FY2020 | 31 Mar 2020 | 0.84 | 15.78B | 18.83B |
| Q4 FY2019 | 31 Dec 2019 | 0.79 | 14.30B | 18.04B |
| Q3 FY2019 | 30 Sept 2019 | 0.77 | 14.17B | 18.50B |
| Q2 FY2019 | 30 Jun 2019 | 0.77 | 13.76B | 17.98B |
| Q1 FY2019 | 31 Mar 2019 | 0.79 | 13.86B | 17.53B |
| Q4 FY2018 | 31 Dec 2018 | 0.71 | 12.57B | 17.64B |
| Q3 FY2018 | 30 Sept 2018 | 0.68 | 11.89B | 17.61B |
| Q2 FY2018 | 30 Jun 2018 | 0.68 | 11.87B | 17.37B |
| Q1 FY2018 | 31 Mar 2018 | 0.72 | 11.91B | 16.59B |
| Q4 FY2017 | 31 Dec 2017 | 0.65 | 10.83B | 16.66B |
| Q3 FY2017 | 30 Sept 2017 | 0.69 | 10.41B | 15.09B |
| Q2 FY2017 | 30 Jun 2017 | 0.70 | 10.56B | 15.05B |
| Q1 FY2017 | 31 Mar 2017 | 0.73 | 10.92B | 14.88B |
| Q4 FY2016 | 31 Dec 2016 | 0.74 | 10.94B | 14.84B |
| Q3 FY2016 | 30 Sept 2016 | 0.71 | 10.69B | 15.11B |
| Q2 FY2016 | 30 Jun 2016 | 0.70 | 10.32B | 14.81B |
| Q1 FY2016 | 31 Mar 2016 | 0.69 | 10.13B | 14.77B |
| Q4 FY2015 | 31 Dec 2015 | 0.70 | 10.43B | 14.95B |
| Q3 FY2015 | 30 Sept 2015 | 0.72 | 10.49B | 14.47B |
| Q2 FY2015 | 30 Jun 2015 | 0.67 | 9.34B | 13.95B |
| Q1 FY2015 | 31 Mar 2015 | 0.68 | 9.40B | 13.74B |
| Q4 FY2014 | 31 Dec 2014 | 0.62 | 8.41B | 13.47B |
| Q3 FY2014 | 30 Sept 2014 | 0.57 | 7.84B | 13.75B |
| Q2 FY2014 | 30 Jun 2014 | 0.57 | 7.66B | 13.34B |
| Q1 FY2014 | 31 Mar 2014 | 0.63 | 8.20B | 13.10B |
| Q4 FY2013 | 31 Dec 2013 | 0.61 | 7.84B | 12.95B |
| Q3 FY2013 | 30 Sept 2013 | 0.65 | 7.50B | 11.57B |
| Q2 FY2013 | 30 Jun 2013 | 0.66 | 7.46B | 11.39B |
| Q1 FY2013 | 31 Mar 2013 | 0.67 | 7.41B | 11.11B |
| Q4 FY2012 | 31 Dec 2012 | 0.63 | 6.90B | 11.02B |
| Q3 FY2012 | 30 Sept 2012 | 0.57 | 6.45B | 11.31B |
| Q2 FY2012 | 30 Jun 2012 | 0.61 | 6.78B | 11.16B |
| Q1 FY2012 | 31 Mar 2012 | 0.62 | 6.79B | 11.00B |
| Q4 FY2011 | 31 Dec 2011 | 0.62 | 6.58B | 10.68B |
| Q3 FY2011 | 30 Sept 2011 | 0.55 | 6.40B | 11.66B |
| Q2 FY2011 | 30 Jun 2011 | 0.52 | 5.93B | 11.46B |
| Q1 FY2011 | 31 Mar 2011 | 0.52 | 5.93B | 11.46B |
| Q4 FY2010 | 31 Dec 2010 | 0.54 | 6.09B | 11.28B |
| Q3 FY2010 | 30 Sept 2010 | 0.53 | 6.23B | 11.86B |
| Q2 FY2010 | 30 Jun 2010 | 0.56 | 6.56B | 11.68B |
| Q1 FY2010 | 31 Mar 2010 | 0.55 | 6.30B | 11.51B |
| Q4 FY2009 | 31 Dec 2009 | 0.58 | 6.48B | 11.23B |
| Q3 FY2009 | 30 Sept 2009 | 0.68 | 7.76B | 11.40B |
| Q2 FY2009 | 30 Jun 2009 | 0.80 | 8.87B | 11.11B |
| Q1 FY2009 | 31 Mar 2009 | 0.88 | 9.64B | 10.90B |
| Q4 FY2008 | 31 Dec 2008 | 0.88 | 9.30B | 10.56B |
| Q3 FY2008 | 30 Sept 2008 | 0.65 | 6.71B | 10.30B |
| Q2 FY2008 | 30 Jun 2008 | 0.64 | 6.47B | 10.11B |
| Q1 FY2008 | 31 Mar 2008 | 0.63 | 6.32B | 10.05B |
| Q4 FY2007 | 31 Dec 2007 | 0.68 | 6.95B | 10.18B |
| Q3 FY2007 | 30 Sept 2007 | 0.58 | 5.64B | 9.66B |
| Q2 FY2007 | 30 Jun 2007 | 0.57 | 5.56B | 9.80B |
| Q1 FY2007 | 31 Mar 2007 | 0.60 | 5.85B | 9.81B |
| Q4 FY2006 | 31 Dec 2006 | 0.57 | 5.60B | 9.82B |
| Q3 FY2006 | 30 Sept 2006 | 0.57 | 5.30B | 9.25B |
| Q2 FY2006 | 30 Jun 2006 | 0.59 | 5.40B | 9.21B |
| Q1 FY2006 | 31 Mar 2006 | 0.57 | 5.26B | 9.19B |
| Q4 FY2005 | 31 Dec 2005 | 0.55 | 5.09B | 9.25B |
| Q3 FY2005 | 30 Sept 2005 | 0.68 | 4.97B | 7.29B |
| Q2 FY2005 | 30 Jun 2005 | 0.70 | 5.11B | 7.28B |
| Q1 FY2005 | 31 Mar 2005 | 0.71 | 5.18B | 7.33B |
| Q4 FY2004 | 31 Dec 2004 | 0.56 | 5.16B | 9.28B |
| Q3 FY2004 | 30 Sept 2004 | 0.74 | 5.42B | 7.35B |
| Q2 FY2004 | 30 Jun 2004 | 0.69 | 4.85B | 7.05B |
| Q1 FY2004 | 31 Mar 2004 | 0.68 | 4.52B | 6.69B |
| Q4 FY2003 | 31 Dec 2003 | 0.55 | 4.66B | 8.43B |
| Q3 FY2003 | 20 Oct 2003 | 0.79 | 5.01B | 6.32B |
| Q2 FY2003 | 30 Jun 2003 | 0.82 | 5.14B | 6.25B |
| Q1 FY2003 | 31 Mar 2003 | 0.87 | 5.50B | 6.34B |
| Q4 FY2002 | 31 Dec 2002 | 0.67 | 5.58B | 8.37B |
| Q3 FY2002 | 30 Sept 2002 | 0.78 | 5.39B | 6.89B |
| Q2 FY2002 | 30 Jun 2002 | 0.80 | 5.35B | 6.71B |
| Q1 FY2002 | 31 Mar 2002 | 0.87 | 5.73B | 6.58B |
| Q4 FY2001 | 31 Dec 2001 | 0.79 | 5.93B | 7.49B |
| Q3 FY2001 | 30 Sept 2001 | 0.83 | 5.12B | 6.19B |
| Q2 FY2001 | 30 Jun 2001 | 0.69 | 4.17B | 6.01B |
| Q1 FY2001 | 31 Mar 2001 | 0.75 | 4.49B | 6.01B |
| Q4 FY2000 | 31 Dec 2000 | 0.65 | 4.32B | 6.60B |
| Q3 FY2000 | 30 Sept 2000 | 0.65 | 4.47B | 6.85B |
| Q2 FY2000 | 30 Jun 2000 | 0.65 | 4.33B | 6.67B |
| Q1 FY2000 | 31 Mar 2000 | 0.65 | 4.23B | 6.50B |
| Q4 FY1999 | 31 Dec 1999 | 0.69 | 4.23B | 6.12B |
| Q3 FY1999 | 30 Sept 1999 | 0.74 | 4.39B | 5.94B |
| Q2 FY1999 | 30 Jun 1999 | 0.63 | 3.64B | 5.80B |
| Q1 FY1999 | 31 Mar 1999 | 0.79 | 4.07B | 5.17B |
| Q4 FY1998 | 31 Dec 1998 | 0.82 | 4.10B | 5.01B |
| Q3 FY1998 | 30 Sept 1998 | 0.86 | 4.17B | 4.87B |
| Q2 FY1998 | 30 Jun 1998 | 0.80 | 4.06B | 5.07B |
| Q1 FY1998 | 31 Mar 1998 | 0.99 | 4.07B | 4.10B |
| Q4 FY1997 | 31 Dec 1997 | 0.42 | 1.68B | 4.01B |
| Q3 FY1997 | 30 Sept 1997 | 0.53 | 1.50B | 2.85B |
| Q2 FY1997 | 30 Jun 1997 | 0.57 | 1.53B | 2.69B |
| Q1 FY1997 | 31 Mar 1997 | 0.63 | 1.56B | 2.48B |
| Q4 FY1996 | 31 Dec 1996 | 0.64 | 1.53B | 2.38B |
| Q3 FY1996 | 30 Sept 1996 | 0.57 | 1.46B | 2.56B |
| Q2 FY1996 | 30 Jun 1996 | 0.59 | 1.47B | 2.48B |
| Q1 FY1996 | 31 Mar 1996 | 0.64 | 1.51B | 2.37B |
Figures in CAD. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,Dividend yield,ROE (return on equity),Current ratio,All ratios
Common questions about Canadian National Railway's debt to equity
Source: Financial Modeling PrepVerified against SEC filings