Canadian National Railway Company logo
CNICanadian National Railway Company

Debt to Assets Ratio: 37.87%

popular:market cap|pe ratio|revenue|price history|total return

Is the debt to assets ratio high or low?

The debt to assets ratio of 37.87% is 11% above its 5-year average of 33.97%, near the high end of its 5-year range (26.61%–38.45%).

As of Sunday, June 28, 2026. 1.58% above its 12-month average of 37.28%.

Debt/Equity|Total Debt|Total Assets|Interest Coverage|All Metrics
Debt to Assets

CNI Debt to Assets Ratio

37.87%

Reported quarterly debt to assets ratio; no daily interpolation.

+24.24% 5Y
CNI Debt to Assets Ratio

CNI Average Debt to Assets Ratio Chart

CNI Debt to Assets Ratio

CNI Current vs Average Debt to Assets Ratio Chart

CNI Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

37.87%

DEBT TO ASSETS RATIO AVG TTM

37.28%

DEBT TO ASSETS RATIO AVG 3Y

36.70%

DEBT TO ASSETS RATIO AVG 5Y

33.97%

DEBT TO ASSETS RATIO AVG 10Y

32.20%

DEBT TO ASSETS RATIO AVG 15Y

30.21%

DEBT TO ASSETS RATIO AVG 20Y

29.34%

CURRENT VS TTM AVG

+1.58%

CURRENT VS 3Y AVG

+3.18%

CURRENT VS 5Y AVG

+11.46%

CURRENT VS 10Y AVG

+17.60%

CURRENT VS 15Y AVG

+25.34%

CURRENT VS 20Y AVG

+29.05%

CNI Competitors' Debt to Assets Ratio

NAMEMARKET CAPDEBT TO ASSETS RATIOTTM3Y5Y
Canadian National Railway Company (CNI)$73.13B37.87%37.28%36.70%33.97%
TransDigm Group Incorporated (TDG)vs ›$74.09B1.31%N/AN/AN/A
Bloom Energy Corporation (BE)vs ›$71.69B0.68%N/AN/AN/A
FedEx Corporation (FDX)vs ›$76.00B0.43%N/AN/AN/A
Norfolk Southern Corporation (NSC)vs ›$70.26B0.38%N/AN/AN/A
Illinois Tool Works Inc. (ITW)vs ›$77.02B0.56%N/AN/AN/A
Cintas Corporation (CTAS)vs ›$68.78B0.27%N/AN/AN/A
Canadian Pacific Kansas City Ltd. (CP)vs ›$77.88B0.27%N/AN/AN/A
Emerson Electric Co. (EMR)vs ›$80.37B0.33%N/AN/AN/A
Comfort Systems USA, Inc. (FIX)vs ›$65.27B0.12%N/AN/AN/A

Leverage Ratios Comparison

Debt/Assets

37.9%

Debt/Equity

1.01

Current Ratio

0.67

Interest Coverage

7.2x

Formula: Debt/Assets = Total Debt / Total Assets × 100

Debt/Assets vs Debt/Equity:

  • Debt/Assets: Shows % of assets funded by creditors (bounded 0-100%)
  • Debt/Equity: Shows debt relative to shareholder investment (can exceed 100%)
  • Both measure leverage but from different perspectives

Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.

Debt to Assets Ratio Formula & Definition

Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Debt to Assets Ratio FAQ

What is the debt to assets ratio for Canadian National Railway Company (CNI)?
The debt to assets ratio for CNI stock is 37.87%.
Is Canadian National Railway Company's debt to assets ratio high or low?
The debt to assets ratio of 37.87% is 11% above its 5-year average of 33.97%, near the high end of its 5-year range (26.61%–38.45%).
What is the TTM average debt to assets ratio for Canadian National Railway Company (CNI)?
The TTM average debt to assets ratio for CNI stock is 37.28%.
What is the 3Y average debt to assets ratio for Canadian National Railway Company (CNI)?
The 3Y average debt to assets ratio for CNI stock is 36.70%.
What is the 5Y average debt to assets ratio for Canadian National Railway Company (CNI)?
The 5Y average debt to assets ratio for CNI stock is 33.97%.
What is the 10Y average debt to assets ratio for Canadian National Railway Company (CNI)?
The 10Y average debt to assets ratio for CNI stock is 32.20%.
What is the 15Y average debt to assets ratio for Canadian National Railway Company (CNI)?
The 15Y average debt to assets ratio for CNI stock is 30.21%.
What is the 20Y average debt to assets ratio for Canadian National Railway Company (CNI)?
The 20Y average debt to assets ratio for CNI stock is 29.34%.

CNI Debt to Assets Ratio History

DATEDEBT TO ASSETS RATIO
2026-03-3137.87%
2025-12-3137.29%
2025-09-3037.86%
2025-06-3036.55%
2025-03-3136.82%
2024-12-3137.45%
2024-09-3038.43%
2024-06-3038.45%
2024-03-3137.41%
2023-12-3135.86%
2023-09-3035.88%
2023-06-3033.87%
2023-03-3133.33%
2022-12-3131.37%
2022-09-3030.76%
2022-06-3029.79%
2022-03-3128.41%
2021-12-3126.61%
2021-09-3029.28%
2021-06-3030.48%
2021-03-3129.61%
2020-12-3129.74%
2020-09-3031.24%
2020-06-3032.08%
2020-03-3133.98%
2019-12-3132.65%
2019-09-3032.14%
2019-06-3032.00%
2019-03-3132.52%
2018-12-3130.50%
2018-09-3029.58%
2018-06-3029.83%
2018-03-3130.73%
2017-12-3128.78%
2017-09-3028.07%
2017-06-3028.34%
2017-03-3129.26%
2016-12-3129.51%
2016-09-3028.85%
2016-06-3028.60%
2016-03-3128.29%
2015-12-3128.64%
2015-09-3029.27%
2015-06-3027.81%
2015-03-3128.07%
2014-12-3126.45%
2014-09-3024.76%
2014-06-3025.01%
2014-03-3126.54%
2013-12-3125.99%
2013-09-3026.97%
2013-06-3027.09%
2013-03-3127.46%
2012-12-3125.88%
2012-09-3024.54%
2012-06-3025.60%
2012-03-3126.23%
2011-12-3125.27%
2011-09-3024.10%
2011-06-3023.50%
2011-03-3123.50%
2010-12-3124.16%
2010-09-3023.92%
2010-06-3025.09%
2010-03-3124.81%
2009-12-3125.73%
2009-09-3030.13%
2009-06-3033.17%
2009-03-3135.05%
2008-12-3134.79%
2008-09-3026.89%
2008-06-3026.58%
2008-03-3126.21%
2007-12-3129.64%
2007-09-3024.60%
2007-06-3024.00%
2007-03-3124.64%
2006-12-3123.35%
2006-09-3023.44%
2006-06-3024.11%
2006-03-3123.57%
2005-12-3122.92%
2005-09-3026.33%
2005-06-3026.45%
2005-03-3126.86%
2004-12-3123.09%
2004-09-3028.18%
2004-06-3025.75%
2004-03-3126.21%
2003-12-3122.90%
2003-10-2028.81%
2003-06-3029.47%
2003-03-3130.10%
2002-12-3125.66%
2002-09-3028.83%
2002-06-3029.20%

Related Metrics

Debt/EquityTotal DebtTotal AssetsInterest CoverageAll Metrics

About Canadian National Railway Company

Canadian National Railway Company (CNI), together with its subsidiary operations, functions as a key player in the railway and related logistics industry. The firm handles a wide array of freight, including petroleum products and chemicals, agricultural commodities such as grain and fertilizers, various minerals like coal and metals, timber and paper goods, intermodal containers, and finished automobiles. Its services cater to a broad base of clients, from international exporters and importers to retail chains, agricultural growers, and industrial manufacturers. CNI boasts a substantial rail infrastructure, with approximately 19,500 miles of track extending across both Canada and the United States. Additionally, the company provides diverse ancillary services, encompassing marine terminal management (vessels and docks), cargo transshipment and distribution, specialized automotive supply chain solutions, and comprehensive freight management and forwarding. Founded in 1919, Canadian National Railway Company is based in Montreal, Canada.

Montreal, QC
24,911 employees
www.cn.ca
Industrials / Railroads
Sector
Industrials
Industry
Railroads
CEO
Tracy A. Robinson
View full financials