Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the interest coverage ratio high or low?
The interest coverage ratio of 8.40x is 61% below its 5-year average of 21.64x, near the low end of its 5-year range (7.32x–57.26x).
As of the fiscal period ended Tuesday, March 31, 2026. 50.20% below its 12-month average of 16.87x.
Reported quarterly interest coverage; no daily interpolation.
INTEREST COVERAGE RATIO
8.40x
INTEREST COVERAGE RATIO AVG TTM
16.87x
INTEREST COVERAGE RATIO AVG 3Y
14.87x
INTEREST COVERAGE RATIO AVG 5Y
18.25x
INTEREST COVERAGE RATIO AVG 10Y
10.35x
INTEREST COVERAGE RATIO AVG 15Y
9.75x
INTEREST COVERAGE RATIO AVG 20Y
10.38x
CURRENT VS TTM AVG
-50.20%
CURRENT VS 3Y AVG
-43.51%
CURRENT VS 5Y AVG
-53.97%
CURRENT VS 10Y AVG
-18.84%
CURRENT VS 15Y AVG
-13.86%
CURRENT VS 20Y AVG
-19.08%
SECTOR MEDIAN · ENERGY
6.56x
median of 40 covered companies
CURRENT VS SECTOR MEDIAN
+27.94%
vs the sector median at left
Canadian Natural Resources Limited
Market Cap
$93.42B
Interest Coverage Ratio
8.40x
TTM Avg
16.87x
3Y Avg
14.87x
5Y Avg
18.25x
Market Cap
$91.19B
Interest Coverage Ratio
4.08x
TTM Avg
3.99x
3Y Avg
8.36x
5Y Avg
7.35x
Market Cap
$90.54B
Interest Coverage Ratio
7.76x
TTM Avg
7.25x
3Y Avg
15.62x
5Y Avg
13.20x
Market Cap
$86.58B
Interest Coverage Ratio
3.05x
TTM Avg
2.75x
3Y Avg
2.91x
5Y Avg
2.62x
Market Cap
$82.47B
Interest Coverage Ratio
4.90x
TTM Avg
5.15x
3Y Avg
5.33x
5Y Avg
5.00x
Market Cap
$75.57B
Interest Coverage Ratio
20.86x
TTM Avg
22.36x
3Y Avg
22.66x
5Y Avg
17.91x
Market Cap
$74.73B
Interest Coverage Ratio
36.05x
TTM Avg
47.31x
3Y Avg
53.80x
5Y Avg
49.89x
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Natural Resources Limited (CNQ) | $93.42B | 8.40x | 16.87x | 14.87x | 18.25x |
| Marathon Petroleum Corporation (MPC)vs › | $91.19B | 4.08x | 3.99x | 8.36x | 7.35x |
| Valero Energy Corporation (VLO)vs › | $90.54B | 7.76x | 7.25x | 15.62x | 13.20x |
| The Williams Companies, Inc. (WMB)vs › | $86.58B | 3.05x | 2.75x | 2.91x | 2.62x |
| Phillips 66 (PSX)vs › | $83.32B | 3.39x | 2.98x | 7.86x | 6.71x |
| Enterprise Products Partners L.P. (EPD)vs › | $82.47B | 4.90x | 5.15x | 5.33x | 5.00x |
| Slb N.V. (SLB)vs › | $77.04B | 9.80x | 11.08x | 10.39x | 8.27x |
| Suncor Energy Inc. (SU)vs › | $75.57B | 20.86x | 22.36x | 22.66x | 17.91x |
| EOG Resources, Inc. (EOG)vs › | $74.73B | 36.05x | 47.31x | 53.80x | 49.89x |
| Eni S.p.A. (E)vs › | $73.46B | 0.55x | 4.25x | 10.14x | 9.27x |
Interest Coverage
8.4x
Debt/Equity
0.44
Current Ratio
0.95
Formula: Interest Coverage = EBIT / Interest Expense
Reference ranges:
Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.
Interest Coverage = EBIT / Interest Expense
The interest coverage ratio measures operating earnings relative to interest expense.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | INTEREST COVERAGE RATIO |
|---|---|
| 2026-03-31 | 8.40x |
| 2025-12-31 | 7.32x |
| 2025-09-30 | 47.20x |
| 2025-06-30 | 8.66x |
| 2025-03-31 | 12.74x |
| 2024-12-31 | 11.61x |
| 2024-09-30 | 18.34x |
| 2024-06-30 | 16.20x |
| 2024-03-31 | 12.70x |
| 2023-12-31 | 24.10x |
| 2023-06-30 | 17.75x |
| 2023-03-31 | 25.71x |
| 2022-12-31 | 57.26x |
| 2022-09-30 | 30.13x |
| 2022-06-30 | 31.46x |
| 2022-03-31 | 24.94x |
| 2021-12-31 | 20.30x |
| 2021-09-30 | 24.10x |
| 2021-06-30 | 17.21x |
| 2021-03-31 | 16.73x |
| 2020-12-31 | 0.98x |
| 2020-09-30 | 2.07x |
| 2020-06-30 | -4.33x |
| 2020-03-31 | 6.16x |
| 2019-12-31 | 11.89x |
| 2019-09-30 | 7.65x |
| 2019-06-30 | 8.14x |
| 2019-03-31 | 6.49x |
| 2018-12-31 | -0.59x |
| 2018-09-30 | 10.77x |
| 2018-06-30 | 8.53x |
| 2018-03-31 | 7.35x |
| 2017-12-31 | 4.41x |
| 2017-09-30 | 2.75x |
| 2017-06-30 | 4.39x |
| 2017-03-31 | 3.35x |
| 2016-12-31 | 3.44x |
| 2016-09-30 | -5.68x |
| 2016-06-30 | -4.09x |
| 2016-03-31 | -8.83x |
| 2015-12-31 | -7.74x |
| 2015-09-30 | -0.23x |
| 2015-06-30 | 3.07x |
| 2015-03-31 | -4.88x |
| 2014-12-31 | 9.70x |
| 2014-09-30 | 18.46x |
| 2014-06-30 | 16.54x |
| 2014-03-31 | 15.66x |
| 2013-12-31 | 9.97x |
| 2013-09-30 | 20.00x |
| 2013-06-30 | 9.78x |
| 2013-03-31 | 5.60x |
| 2012-12-31 | 6.68x |
| 2012-09-30 | 6.26x |
| 2012-06-30 | 10.98x |
| 2012-03-31 | 8.74x |
| 2011-12-31 | 15.87x |
| 2011-09-30 | 12.05x |
| 2011-06-30 | 10.95x |
| 2011-03-31 | 4.83x |
| 2010-12-31 | -2.77x |
| 2010-09-30 | 8.63x |
| 2010-06-30 | 9.42x |
| 2010-03-31 | 13.07x |
| 2009-12-31 | 7.12x |
| 2009-09-30 | 8.44x |
| 2009-06-30 | 1.96x |
| 2009-03-31 | 7.82x |
| 2008-12-31 | 35.68x |
| 2008-09-30 | 83.67x |
| 2008-06-30 | 61.33x |
| 2008-03-31 | 22.75x |
| 2007-12-31 | -8.88x |
| 2007-09-30 | 14.31x |
| 2007-06-30 | 11.65x |
| 2006-12-31 | 11.51x |
| 2006-09-30 | 54.27x |
| 2006-06-30 | 29.92x |
| 2006-03-31 | 31.90x |
| 2005-12-31 | 45.98x |
| 2005-06-30 | 15.55x |
| 2005-03-31 | 12.47x |
| 2004-12-31 | 12.29x |
| 2004-06-30 | 14.56x |
| 2004-03-31 | 12.33x |
| 2003-12-31 | 9.73x |
| 2003-09-30 | 11.08x |
| 2002-12-31 | 7.85x |
| 2002-09-30 | 6.13x |
| 2002-06-30 | 7.68x |
