63/100B93.750
USD
-0.04
(-0.04%)
Pre Open
Fair value81.54Plus+15%57Price 93.75112
Q4 FY2026 · Earnings report
EPS estimate 1.10Revenue estimate 3.16B
Q4 FY2026 · Earnings report
EPS estimate 1.10Revenue estimate 3.16B
Canadian Pacific Railway total debt 1997–2026What 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 Pacific Railway's total debt was 25.85B CAD on 30 September 2026, up 8.2% on a year before. At the end of fiscal year 2025 it was 23.19B CAD.
Last updated 11 Nov 2026 · Next report 27 Jan 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 25.85B | +8.18% | 399.00M | -25.45B | 0.56 |
| FY2025 | 31 Dec 2025 | 23.19B | +0.87% | 184.00M | -23.00B | 0.51 |
| FY2024 | 31 Dec 2024 | 22.99B | +0.66% | 739.00M | -22.25B | 0.48 |
| FY2023 | 31 Dec 2023 | 22.84B | +14.64% | 464.00M | -22.37B | 0.55 |
| FY2022 | 31 Dec 2022 | 19.92B | -2.40% | 451.00M | -19.47B | 0.51 |
| FY2021 | 31 Dec 2021 | 20.41B | +102.44% | 82.00M | -20.33B | 0.60 |
| FY2020 | 31 Dec 2020 | 10.08B | +10.66% | 147.00M | -9.94B | 1.38 |
| FY2019 | 31 Dec 2019 | 9.11B | +4.77% | 133.00M | -8.98B | 1.29 |
| FY2018 | 31 Dec 2018 | 8.70B | +6.58% | 61.00M | -8.64B | 1.31 |
| FY2017 | 31 Dec 2017 | 8.16B | -6.05% | 338.00M | -7.82B | 1.27 |
| FY2016 | 31 Dec 2016 | 8.68B | -4.91% | 164.00M | -8.52B | 1.88 |
| FY2015 | 31 Dec 2015 | 9.13B | +58.57% | 650.00M | -8.48B | 1.90 |
| FY2014 | 31 Dec 2014 | 5.76B | +11.70% | 226.00M | -5.53B | 1.03 |
| FY2013 | 31 Dec 2013 | 5.16B | +9.94% | 476.00M | -4.68B | 0.73 |
| FY2012 | 31 Dec 2012 | 4.69B | -1.72% | 333.00M | -4.36B | 0.92 |
| FY2011 | 31 Dec 2011 | 4.77B | +10.59% | 47.00M | -4.73B | 1.03 |
| FY2010 | 31 Dec 2010 | 4.31B | -9.04% | 360.60M | -3.95B | 0.89 |
| FY2009 | 31 Dec 2009 | 4.74B | -2.80% | 679.10M | -4.06B | 1.02 |
| FY2008 | 31 Dec 2008 | 4.88B | +10.73% | 117.60M | -4.76B | 0.81 |
| FY2007 | 31 Dec 2007 | 4.41B | +46.66% | 378.10M | -4.03B | 0.81 |
| FY2006 | 31 Dec 2006 | 3.00B | +0.13% | 124.30M | -2.88B | 0.62 |
| FY2005 | 31 Dec 2005 | 3.00B | -10.45% | 121.80M | -2.88B | 0.68 |
| FY2004 | 31 Dec 2004 | 3.35B | -0.35% | 353.00M | -3.00B | 0.84 |
| FY2003 | 31 Dec 2003 | 3.36B | +1.20% | 135.13M | -3.23B | 0.92 |
| FY2002 | 31 Dec 2002 | 3.32B | -11.32% | 285.98M | -3.04B | 0.99 |
| FY2001 | 31 Dec 2001 | 3.75B | +64.39% | 558.46M | -3.19B | 1.26 |
| FY2000 | 31 Dec 2000 | 2.28B | +37.18% | 0.00 | -2.28B | 0.64 |
| FY1999 | 31 Dec 1999 | 1.66B | +10.08% | 0.00 | -1.66B | 0.53 |
| FY1998 | 31 Dec 1998 | 1.51B | +7.75% | 0.00 | -1.51B | 0.47 |
| FY1997 | 31 Dec 1997 | 1.40B | — | 0.00 | -1.40B | 0.49 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 25.85B | +8.18% | 399.00M | -25.45B | 0.56 |
| Q2 FY2026 | 30 Jun 2026 | 25.15B | +12.92% | 366.00M | -24.78B | 0.54 |
| Q1 FY2026 | 31 Mar 2026 | 24.32B | +7.36% | 409.00M | -23.91B | 0.52 |
| Q4 FY2025 | 31 Dec 2025 | 23.19B | +0.87% | 184.00M | -23.00B | 0.51 |
| Q3 FY2025 | 30 Sept 2025 | 23.89B | +9.02% | 411.00M | -23.48B | 0.37 |
| Q2 FY2025 | 30 Jun 2025 | 22.27B | -1.57% | 799.00M | -21.47B | 0.48 |
| Q1 FY2025 | 31 Mar 2025 | 22.65B | -0.33% | 695.00M | -21.96B | 0.47 |
| Q4 FY2024 | 31 Dec 2024 | 22.99B | +0.66% | 739.00M | -22.25B | 0.48 |
| Q3 FY2024 | 30 Sept 2024 | 21.91B | -6.93% | 463.00M | -21.45B | 0.50 |
| Q2 FY2024 | 30 Jun 2024 | 22.62B | -2.74% | 557.00M | -22.07B | 0.52 |
| Q1 FY2024 | 31 Mar 2024 | 22.73B | +18.61% | 519.00M | -22.21B | 0.53 |
| Q4 FY2023 | 31 Dec 2023 | 22.84B | +15.04% | 464.00M | -22.37B | 0.55 |
| Q3 FY2023 | 30 Sept 2023 | 23.55B | +14.44% | 567.00M | -22.98B | 0.57 |
| Q2 FY2023 | 30 Jun 2023 | 23.26B | +15.90% | 589.00M | -22.67B | 0.58 |
| Q1 FY2023 | 31 Mar 2023 | 19.16B | -2.55% | 290.00M | -18.87B | 0.48 |
| Q4 FY2022 | 31 Dec 2022 | 19.85B | -2.73% | 451.00M | -19.40B | 0.51 |
| Q3 FY2022 | 30 Sept 2022 | 20.58B | +100.28% | 138.00M | -20.44B | 0.54 |
| Q2 FY2022 | 30 Jun 2022 | 20.07B | +122.38% | 154.00M | -19.92B | 0.57 |
| Q1 FY2022 | 31 Mar 2022 | 19.66B | +95.46% | 98.00M | -19.57B | 0.58 |
| Q4 FY2021 | 31 Dec 2021 | 20.41B | +102.44% | 82.00M | -20.33B | 0.60 |
| Q3 FY2021 | 30 Sept 2021 | 10.27B | +1.60% | 223.00M | -10.05B | 1.09 |
| Q2 FY2021 | 30 Jun 2021 | 9.03B | -8.76% | 892.00M | -8.13B | 1.01 |
| Q1 FY2021 | 31 Mar 2021 | 10.06B | -3.59% | 360.00M | -9.70B | 1.28 |
| Q4 FY2020 | 31 Dec 2020 | 10.08B | +10.66% | 147.00M | -9.94B | 1.38 |
| Q3 FY2020 | 30 Sept 2020 | 10.11B | +8.10% | 183.00M | -9.93B | 1.33 |
| Q2 FY2020 | 30 Jun 2020 | 9.89B | +10.96% | 277.00M | -9.61B | 1.32 |
| Q1 FY2020 | 31 Mar 2020 | 10.44B | +16.94% | 247.00M | -10.19B | 1.50 |
| Q4 FY2019 | 31 Dec 2019 | 9.11B | +4.77% | 133.00M | -8.98B | 1.29 |
| Q3 FY2019 | 30 Sept 2019 | 9.35B | +12.88% | 145.00M | -9.21B | 1.30 |
| Q2 FY2019 | 30 Jun 2019 | 8.91B | +5.08% | 45.00M | -8.87B | 1.25 |
| Q1 FY2019 | 31 Mar 2019 | 8.92B | +6.77% | 352.00M | -8.57B | 1.31 |
| Q4 FY2018 | 31 Dec 2018 | 8.70B | +6.58% | 61.00M | -8.64B | 1.31 |
| Q3 FY2018 | 30 Sept 2018 | 8.29B | +1.88% | 150.00M | -8.14B | 1.16 |
| Q2 FY2018 | 30 Jun 2018 | 8.48B | +0.72% | 51.00M | -8.43B | 1.29 |
| Q1 FY2018 | 31 Mar 2018 | 8.36B | -2.98% | 125.00M | -8.23B | 1.30 |
| Q4 FY2017 | 31 Dec 2017 | 8.16B | -6.05% | 338.00M | -7.82B | 1.27 |
| Q3 FY2017 | 30 Sept 2017 | 8.13B | -8.40% | 142.00M | -7.99B | 1.46 |
| Q2 FY2017 | 30 Jun 2017 | 8.42B | -1.85% | 238.00M | -8.18B | 1.58 |
| Q1 FY2017 | 31 Mar 2017 | 8.61B | +1.90% | 201.00M | -8.41B | 1.71 |
| Q4 FY2016 | 31 Dec 2016 | 8.68B | -4.91% | 164.00M | -8.52B | 1.88 |
| Q3 FY2016 | 30 Sept 2016 | 8.88B | +2.33% | 103.00M | -8.78B | 1.90 |
| Q2 FY2016 | 30 Jun 2016 | 8.58B | +28.06% | 92.00M | -8.49B | 1.83 |
| Q1 FY2016 | 31 Mar 2016 | 8.45B | +31.07% | 571.00M | -7.88B | 1.60 |
| Q4 FY2015 | 31 Dec 2015 | 9.13B | +58.57% | 650.00M | -8.48B | 1.90 |
| Q3 FY2015 | 30 Sept 2015 | 8.68B | +77.66% | 661.00M | -8.02B | 2.17 |
| Q2 FY2015 | 30 Jun 2015 | 6.70B | +41.82% | 185.00M | -6.52B | 1.28 |
| Q1 FY2015 | 31 Mar 2015 | 6.45B | +32.45% | 184.00M | -6.27B | 1.19 |
| Q4 FY2014 | 31 Dec 2014 | 5.76B | +11.70% | 226.00M | -5.53B | 1.03 |
| Q3 FY2014 | 30 Sept 2014 | 4.88B | +2.43% | 315.00M | -4.57B | 0.69 |
| Q2 FY2014 | 30 Jun 2014 | 4.73B | -2.86% | 369.00M | -4.36B | 0.66 |
| Q1 FY2014 | 31 Mar 2014 | 4.87B | +2.63% | 279.00M | -4.59B | 0.67 |
| Q4 FY2013 | 31 Dec 2013 | 5.16B | +9.94% | 476.00M | -4.68B | 0.73 |
| Q3 FY2013 | 30 Sept 2013 | 4.77B | +2.41% | 329.00M | -4.44B | 0.79 |
| Q2 FY2013 | 30 Jun 2013 | 4.86B | +1.40% | 442.00M | -4.42B | 0.85 |
| Q1 FY2013 | 31 Mar 2013 | 4.74B | +0.25% | 347.00M | -4.40B | 0.87 |
| Q4 FY2012 | 31 Dec 2012 | 4.69B | -1.72% | 333.00M | -4.36B | 0.92 |
| Q3 FY2012 | 30 Sept 2012 | 4.66B | +7.12% | 207.00M | -4.45B | 0.89 |
| Q2 FY2012 | 30 Jun 2012 | 4.80B | +14.28% | 82.00M | -4.72B | 0.97 |
| Q1 FY2012 | 31 Mar 2012 | 4.73B | +12.11% | 77.00M | -4.66B | 0.98 |
| Q4 FY2011 | 31 Dec 2011 | 4.77B | +10.59% | 47.00M | -4.73B | 1.03 |
| Q3 FY2011 | 30 Sept 2011 | 4.35B | -1.89% | 97.00M | -4.25B | 0.84 |
| Q2 FY2011 | 30 Jun 2011 | 4.20B | -0.07% | 267.80M | -3.93B | 0.84 |
| Q1 FY2011 | 31 Mar 2011 | 4.22B | -8.94% | 310.50M | -3.91B | 0.86 |
| Q4 FY2010 | 31 Dec 2010 | 4.31B | -9.04% | 360.60M | -3.95B | 0.89 |
| Q3 FY2010 | 30 Sept 2010 | 4.43B | +6.78% | 267.80M | -4.16B | 0.87 |
| Q2 FY2010 | 30 Jun 2010 | 4.20B | -4.96% | 373.60M | -3.83B | 0.86 |
| Q1 FY2010 | 31 Mar 2010 | 4.64B | -6.97% | 723.80M | -3.91B | 0.97 |
| Q4 FY2009 | 31 Dec 2009 | 4.74B | -2.80% | 679.10M | -4.06B | 0.71 |
| Q3 FY2009 | 30 Sept 2009 | 4.15B | -11.13% | 615.90M | -3.53B | 0.62 |
| Q2 FY2009 | 30 Jun 2009 | 4.42B | -2.00% | 334.30M | -4.09B | 0.67 |
| Q1 FY2009 | 31 Mar 2009 | 4.98B | +14.43% | 566.50M | -4.42B | 0.77 |
| Q4 FY2008 | 31 Dec 2008 | 4.88B | +10.73% | 117.60M | -4.76B | 0.81 |
| Q3 FY2008 | 30 Sept 2008 | 4.67B | +59.50% | 97.90M | -4.57B | 0.80 |
| Q2 FY2008 | 30 Jun 2008 | 4.51B | +46.42% | 80.90M | -4.43B | 0.80 |
| Q1 FY2008 | 31 Mar 2008 | 4.35B | +52.34% | 71.12M | -4.28B | 0.79 |
| Q4 FY2007 | 31 Dec 2007 | 4.41B | +46.66% | 378.10M | -4.03B | 0.81 |
| Q3 FY2007 | 30 Sept 2007 | 2.93B | +0.67% | 339.19M | -2.59B | 0.57 |
| Q2 FY2007 | 30 Jun 2007 | 3.08B | +6.61% | 392.49M | -2.69B | 0.62 |
| Q1 FY2007 | 31 Mar 2007 | 2.86B | -4.66% | 25.61M | -2.83B | 0.58 |
| Q4 FY2006 | 31 Dec 2006 | 3.00B | +0.13% | 124.30M | -2.88B | 0.62 |
| Q3 FY2006 | 30 Sept 2006 | 2.91B | -3.15% | 46.32M | -2.86B | 0.61 |
| Q2 FY2006 | 30 Jun 2006 | 2.89B | -7.56% | 44.17M | -2.85B | 0.61 |
| Q1 FY2006 | 31 Mar 2006 | 3.00B | -11.00% | 47.46M | -2.95B | 0.67 |
| Q4 FY2005 | 31 Dec 2005 | 3.00B | -10.45% | 121.80M | -2.88B | 0.68 |
| Q3 FY2005 | 30 Sept 2005 | 3.00B | -13.83% | 86.54M | -2.92B | 0.71 |
| Q2 FY2005 | 30 Jun 2005 | 3.13B | -13.96% | 131.42M | -2.99B | 0.76 |
| Q1 FY2005 | 31 Mar 2005 | 3.37B | -6.01% | 274.65M | -3.09B | 0.83 |
| Q4 FY2004 | 31 Dec 2004 | 3.35B | -0.35% | 352.48M | -3.00B | 0.84 |
| Q3 FY2004 | 30 Sept 2004 | 3.48B | +0.86% | 324.64M | -3.16B | 0.89 |
| Q2 FY2004 | 30 Jun 2004 | 3.63B | +16.03% | 306.89M | -3.33B | 0.97 |
| Q1 FY2004 | 31 Mar 2004 | 3.58B | +2.28% | 261.32M | -3.32B | 0.98 |
| Q4 FY2003 | 31 Dec 2003 | 3.36B | +1.20% | 135.13M | -3.23B | 0.92 |
| Q3 FY2003 | 30 Sept 2003 | 3.45B | +2.91% | 359.69M | -3.09B | 0.97 |
| Q2 FY2003 | 30 Jun 2003 | 3.13B | -8.92% | 50.09M | -3.08B | 0.90 |
| Q1 FY2003 | 31 Mar 2003 | 3.50B | -7.11% | 506.35M | -3.00B | 1.01 |
| Q4 FY2002 | 31 Dec 2002 | 3.32B | -11.32% | 285.98M | -3.04B | 0.99 |
| Q3 FY2002 | 30 Sept 2002 | 3.36B | -7.73% | 127.81M | -3.23B | 1.02 |
| Q2 FY2002 | 30 Jun 2002 | 3.44B | — | 321.77M | -3.12B | 1.06 |
| Q1 FY2002 | 31 Mar 2002 | 3.77B | — | 502.74M | -3.27B | 1.22 |
| Q4 FY2001 | 31 Dec 2001 | 3.75B | — | 558.46M | -3.19B | 1.26 |
| Q3 FY2001 | 30 Sept 2001 | 3.64B | — | 105.51M | -3.53B | 1.20 |
Figures in CAD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Canadian Pacific Railway's debt
Source: Financial Modeling Prep