A Look Into Canadian Natural Res' Debt
Portfolio Pulse from Benzinga Insights
Canadian Natural Res Inc. (NYSE:CNQ) has seen its shares move lower by 2.08% in the past three months. The company's total debt stands at $22.15 billion, with long-term debt at $19.71 billion and current debt at $2.44 billion. After adjusting for $105.55 million in cash-equivalents, the net debt is $22.04 billion. The company's debt-ratio is 0.37, indicating a considerable portion of debt is funded by assets.
July 20, 2023 | 6:15 pm
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Canadian Natural Res Inc.'s shares have moved lower by 2.08% in the past three months. The company's total debt is $22.15 billion, with a debt-ratio of 0.37.
The company's high debt and the recent drop in share price could negatively impact the stock in the short term. The debt-ratio of 0.37 indicates that a significant portion of the company's assets are funded by debt, which could put the company at risk if interest rates increase.
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