Canadian National Railway Company (CNI) quarterly balance sheet — complete assets, liabilities & equity history
Canadian National Railway Company (CNI) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 2.85B | 3.06B | 2.47B | 2.51B | 2.87B | 2.68B | 2.62B | 3.04B | 3.13B | 3.28B | 3.09B | 3.37B | 3.27B | 3.42B | 3.22B | 3.39B | 3.35B | 3.24B | 3.43B | 3.89B |
| Cash & Short-Term Investments | 294.13M | 587.51M | 362.7M | 226.32M | 216M | 232M | 389M | 273M | 335M | 412M | 475M | 491M | 539M | 484M | 328M | 403M | 465M | 490M | 838M | 2.12B |
| Cash Only | 294.13M | 587.51M | 362.7M | 226.32M | 216M | 232M | 389M | 273M | 335M | 412M | 475M | 491M | 539M | 484M | 328M | 403M | 465M | 490M | 838M | 2.12B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.31B | 1.26B | 1.12B | 1.25B | 1.13B | 1.26B | 1.31B | 1.24B | 1.22B | 1.31B | 1.3B | 1.28B | 1.22B | 1.39B | 1.42B | 1.53B | 1.36B | 1.32B | 1.07B | 960.03M |
| Days Sales Outstanding | 24.58 | 24.31 | 24.36 | 26.22 | 25.43 | 26.2 | 26.92 | 27.6 | 26.65 | 27.98 | 26.59 | 28.92 | 29.25 | 29.23 | 29.81 | 29.4 | 28.03 | 29.03 | 24.93 | 27.91 |
| Inventory | 861.37M | 833.15M | 733.4M | 780M | 817M | 809M | 720M | 725M | 788M | 783M | 699M | 761M | 757M | 764M | 692M | 706M | 731M | 660M | 589M | 490.26M |
| Days Inventory Outstanding | 28.81 | 28.08 | 29.07 | 31.96 | 30.26 | 26.2 | 26.08 | 28.43 | 28.12 | 26.55 | 26.83 | 29.85 | 29.64 | 26.21 | 25.58 | 27.02 | 26.15 | 24.11 | 24.08 | 25.11 |
| Other Current Assets | 379.16M | 379.98M | 256.79M | 260M | 703M | 378M | 90M | 802M | 784M | 773M | 482M | 835M | 747M | 783M | 594M | 635M | 622M | 586M | 783M | 241.98M |
| Total Non-Current Assets | 57.27B | 56.56B | 56.04B | 55.14B | 53.91B | 54.73B | 54.45B | 51.44B | 50.86B | 50.24B | 49.58B | 48.72B | 47.61B | 47.49B | 47.45B | 47.82B | 45.93B | 45B | 45.11B | 33.75B |
| Property, Plant & Equipment | 50.51B | 49.96B | 49.55B | 49.13B | 48.03B | 48.9B | 48.45B | 46.57B | 46.08B | 45.57B | 45.04B | 44.96B | 43.96B | 43.94B | 44.01B | 43.93B | 42.19B | 41.39B | 41.62B | 32.47B |
| Fixed Asset Turnover | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.09x | 0.10x | 0.09x | 0.09x | 0.10x | 0.10x | 0.10x | 0.10x | 0.09x | 0.10x | 0.10x |
| Goodwill | 0 | 0 | 522.57M | 0 | 0 | 0 | 71M | 0 | 0 | 0 | 70M | 0 | 0 | 0 | 70M | 0 | 0 | 0 | 70M | 0 |
| Intangible Assets | 542.23M | 490.26M | 0 | 500M | 484M | 491M | 128M | 746M | 741M | 740M | 131M | 411M | 403M | 406M | 137M | 424M | 410M | 411M | 139M | 339.71M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 428M | 0 | 0 | 0 | 402M | 0 | 0 | 0 | 94M | 0 | 0 | 0 | 119M | 0 |
| Other Non-Current Assets | 5.61B | 5.5B | 5.36B | 4.88B | 4.77B | 4.66B | 4.69B | 3.47B | 3.36B | 3.25B | 3.25B | 3.35B | 3.25B | 3.14B | 3.14B | 3.46B | 3.33B | 3.2B | 3.16B | 943.48M |
| Total Assets | 60.12B | 59.62B | 58.51B | 57.65B | 56.78B | 57.4B | 57.07B | 54.48B | 53.99B | 53.52B | 52.67B | 52.09B | 50.88B | 50.9B | 50.66B | 51.21B | 49.28B | 48.24B | 48.54B | 37.65B |
| Asset Turnover | 0.08x | 0.07x | 0.08x | 0.07x | 0.07x | 0.08x | 0.08x | 0.08x | 0.08x | 0.08x | 0.09x | 0.08x | 0.08x | 0.08x | 0.09x | 0.09x | 0.09x | 0.08x | 0.09x | 0.09x |
| Asset Growth % | 5.89% | 3.86% | 2.52% | 5.82% | 5.16% | 7.25% | 8.36% | 4.59% | 6.12% | 5.15% | 3.96% | 1.72% | 3.23% | 5.53% | 4.38% | 36.02% | 6.55% | 7.28% | 8.33% | -16.63% |
| Total Current Liabilities | 3.27B | 4.57B | 3.69B | 4.17B | 3.51B | 4.31B | 3.98B | 4.72B | 4.93B | 5.47B | 5.04B | 4.66B | 3.5B | 4.61B | 3.84B | 3.36B | 4.76B | 3.85B | 3.12B | 2.8B |
| Accounts Payable | 2.76B | 2.82B | 2.79B | 2.59B | 2.38B | 2.52B | 1.03B | 2.64B | 2.52B | 2.47B | 968M | 2.36B | 2.39B | 2.29B | 954M | 2.56B | 2.31B | 2.34B | 903M | 1.75B |
| Days Payables Outstanding | 94.78 | 100.45 | 103.26 | 99.55 | 91.19 | 60.77 | 66.25 | 96.96 | 89.26 | 61.53 | 61.16 | 93.49 | 91.25 | 58.37 | 64.39 | 91.66 | 87.48 | 62.68 | 59.13 | 81.59 |
| Short-Term Debt | 512.22M | 1.76B | 905.26M | 1.57B | 1.12B | 1.79B | 1.17B | 2.08B | 2.41B | 3.01B | 2.34B | 2.3B | 1.11B | 2.33B | 1.06B | 792M | 2.45B | 1.5B | 508M | 1.05B |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 5M | 0 | 0 | 0 | 13M | 0 | 0 | 0 | 12M | 0 | 0 | 0 | 74M | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 18.34M | 0 | 0 | 97M | 0 | 0 | 0 | 166M | 0 | 0 | 0 | 104M | 0 | 0 | 0 | 127M | 1.58M |
| Current Ratio | 0.87x | 0.67x | 0.67x | 0.60x | 0.82x | 0.62x | 0.66x | 0.64x | 0.63x | 0.60x | 0.61x | 0.72x | 0.93x | 0.74x | 0.84x | 1.01x | 0.71x | 0.84x | 1.10x | 1.39x |
| Quick Ratio | 0.61x | 0.49x | 0.47x | 0.42x | 0.58x | 0.43x | 0.48x | 0.49x | 0.48x | 0.46x | 0.47x | 0.56x | 0.72x | 0.57x | 0.66x | 0.80x | 0.55x | 0.67x | 0.91x | 1.21x |
| Cash Conversion Cycle | -41.39 | -48.07 | -49.83 | -41.37 | -35.49 | -8.36 | -13.26 | -40.93 | -34.49 | -7 | -7.74 | -34.72 | -32.37 | -2.93 | -9 | -35.24 | -33.3 | -9.54 | -10.12 | -28.57 |
| Total Non-Current Liabilities | 34.94B | 33.54B | 33.26B | 32.21B | 31.73B | 31.47B | 32.04B | 30.3B | 29.65B | 28.2B | 27.51B | 27.46B | 26.98B | 25.43B | 25.44B | 25.85B | 22.79B | 22.54B | 22.67B | 17.77B |
| Long-Term Debt | 21.75B | 20.5B | 20.6B | 19.92B | 19.3B | 19B | 19.73B | 18.62B | 18.1B | 16.75B | 16.13B | 16.09B | 15.83B | 14.32B | 14.37B | 14.6B | 11.93B | 11.88B | 11.98B | 9.72B |
| Capital Lease Obligations | 362.16M | 317.82M | 315.74M | 339.48M | 329M | 341M | 343M | 237M | 248M | 264M | 298M | 309M | 295M | 320M | 341M | 357M | 312M | 322M | 322M | 256.17M |
| Deferred Tax Liabilities | 11.45B | 11.33B | 11.21B | 11.06B | 10.88B | 10.98B | 10.87B | 10.4B | 10.29B | 10.18B | 10.07B | 10.13B | 9.91B | 9.86B | 9.8B | 9.84B | 9.5B | 0 | 9.3B | 6.85B |
| Other Non-Current Liabilities | 1.37B | 1.39B | 1.14B | 937.33M | 1.23B | 1.15B | 909M | 1.05B | 1.01B | 995M | 935M | 933M | 941M | 929M | 911M | 1.05B | 1.04B | 10.34B | 1.07B | 947.42M |
| Total Liabilities | 38.21B | 38.11B | 36.96B | 36.38B | 35.24B | 35.78B | 36.02B | 35.02B | 34.58B | 33.67B | 32.55B | 32.12B | 30.48B | 30.04B | 29.28B | 29.21B | 27.54B | 26.38B | 25.79B | 20.57B |
| Total Debt | 22.63B | 22.57B | 21.82B | 21.83B | 20.75B | 21.13B | 21.37B | 20.93B | 20.76B | 20.02B | 18.89B | 18.69B | 17.23B | 16.97B | 15.89B | 15.75B | 14.68B | 13.71B | 12.91B | 11.02B |
| Net Debt | 22.33B | 21.99B | 21.46B | 21.6B | 20.54B | 20.9B | 20.98B | 20.66B | 20.42B | 19.61B | 18.41B | 18.2B | 16.69B | 16.48B | 15.57B | 15.35B | 14.22B | 13.21B | 12.08B | 8.91B |
| Debt / Equity | 1.03x | 1.05x | 1.01x | 1.03x | 0.96x | 0.98x | 1.02x | 1.08x | 1.07x | 1.01x | 0.94x | 0.94x | 0.84x | 0.81x | 0.74x | 0.72x | 0.68x | 0.63x | 0.57x | 0.65x |
| Debt / EBITDA | 9.98x | 11.08x | 9.98x | 10.36x | 9.76x | 10.05x | 10.09x | 10.52x | 10.26x | 9.97x | 8.28x | 9.47x | 8.41x | 8.04x | 6.73x | 6.65x | 6.70x | 8.32x | 6.63x | 6.31x |
| Net Debt / EBITDA | 9.85x | 10.79x | 9.81x | 10.25x | 9.66x | 9.94x | 9.91x | 10.38x | 10.09x | 9.77x | 8.07x | 9.22x | 8.15x | 7.81x | 6.59x | 6.48x | 6.49x | 8.02x | 6.20x | 5.10x |
| Interest Coverage | 7.39x | 7.50x | 8.13x | 10.25x | 8.13x | 7.55x | 7.53x | 7.13x | 7.75x | 7.91x | 10.41x | 8.84x | 9.95x | 10.80x | 13.29x | 14.58x | 14.71x | 10.62x | 13.58x | 11.66x |
| Total Equity | 21.91B | 21.51B | 21.55B | 21.27B | 21.54B | 21.62B | 21.05B | 19.46B | 19.4B | 19.85B | 20.12B | 19.97B | 20.4B | 20.86B | 21.38B | 22B | 21.74B | 21.85B | 22.74B | 17.07B |
| Equity Growth % | 1.74% | -0.54% | 2.37% | 9.33% | 10.99% | 8.92% | 4.64% | -2.57% | -4.87% | -4.82% | -5.92% | -9.22% | -6.19% | -4.54% | -5.98% | 28.86% | 6.91% | 9.86% | 15.74% | -11.6% |
| Book Value per Share | 36.07 | 35.15 | 34.98 | 34.18 | 34.29 | 34.42 | 33.44 | 30.86 | 30.50 | 30.93 | 31.06 | 30.46 | 30.76 | 31.14 | 31.59 | 32.15 | 31.44 | 31.21 | 32.25 | 24.03 |
| Total Shareholders' Equity | 21.91B | 21.51B | 21.55B | 21.27B | 21.54B | 21.62B | 21.05B | 19.46B | 19.4B | 19.85B | 20.12B | 19.97B | 20.4B | 20.86B | 21.38B | 22B | 21.74B | 21.85B | 22.74B | 17.07B |
| Common Stock | 3.48B | 3.47B | 3.45B | 3.47B | 3.51B | 3.52B | 3.47B | 3.48B | 3.48B | 3.51B | 3.51B | 3.53B | 3.57B | 3.59B | 3.61B | 3.63B | 3.66B | 3.69B | 3.7B | 2.94B |
| Retained Earnings | 18.95B | 18.74B | 18.9B | 18.79B | 19.2B | 18.88B | 18.35B | 17.89B | 17.75B | 18.25B | 18.66B | 18.12B | 18.68B | 19.04B | 19.53B | 19.63B | 19.82B | 20.14B | 20.99B | 16.55B |
| Treasury Stock | -153.07M | -150.39M | -151.88M | -137M | -134M | -130M | -129M | -128M | -129M | -128M | -144M | -143M | -142M | -141M | -170M | -88M | -88M | -88M | -103M | -81.97M |
| Accumulated OCI | -798.35M | -962.48M | -1.07B | -1.25B | -1.43B | -1.01B | -1.02B | -2.14B | -2.06B | -2.13B | -2.28B | -1.91B | -2.08B | -1.99B | -1.97B | -1.55B | -2.02B | -2.37B | -2.24B | -2.64B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |