Canadian Natural ResourcesFRA:CRC -2.23%78 Interest Coverage is 7.32 as of Dec. 2025, which is 29% below its 10-year median of 10.36. GuruFocus rates FRA:CRC with a GF Score™ of 78/100 and a GF Value™ of €29.59 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 731 Oil & Gas companies, Canadian Natural Resources ranks better than 62.52% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Canadian Natural Resources's
Operating Income
for the
three
months ended in Dec. 2025 was €1,111 Mil. Canadian Natural Resources's Interest Expense for the
three
months ended in Dec. 2025 was €-152 Mil.
Canadian Natural Resources's interest coverage for the quarter that ended in Dec. 2025 was 7.32.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Canadian Natural Resources's Interest Coverage or its related term are showing as below:
FRA:CRC'
s Interest Coverage Range Over the Past 10 Years
Min: 3.21 Med: 10.36 Max: 22.03
Current: 9.86
FRA:CRC's Interest Coverage is ranked better than 62.52% of 731
companies
in the Oil & Gas industry
Industry Median: 5.89
vs FRA:CRC: 9.86
Canadian Natural Resources (FRA:CRC) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Canadian Natural Resources Interest Coverage Related Terms
Canadian Natural Resources Interest Coverage Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Canadian Natural Resources Interest Coverage Chart
FRA:CRC vs COP, EOG, OXY: Interest Coverage Comparison
For the Oil & Gas E&P subindustry, Canadian Natural Resources's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Canadian Natural Resources Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Natural Resources's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Canadian Natural Resources's Interest Coverage falls into.
Canadian Natural Resources Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Canadian Natural Resources (FRA:CRC) has a Interest Coverage of 7.32 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Canadian Natural Resources and its competitors. This is 29% below median its historical median of 10.36. Over the past decade, Canadian Natural Resources' Interest Coverage has ranged from 3.21 to 22.03. According to the industry distribution chart, Canadian Natural Resources ranks #274 out of 731 companies in the Oil & Gas industry, placing it in the top 37.5%.
Is Canadian Natural Resources' Interest Coverage too high?
Canadian Natural Resources' current Interest Coverage of 7.32 is 29% below median its 10-year median of 10.36. Over the past 10 years, this metric has ranged from a low of 3.21 to a high of 22.03. The Oil & Gas industry median Interest Coverage is 5.89. Canadian Natural Resources' value of 7.32 is 24.3% above this industry median. Based on the distribution chart, Canadian Natural Resources ranks #274 out of 731 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Canadian Natural Resources has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Natural Resources' Interest Coverage compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Canadian Natural Resources ranks #274 out of 731 companies for Interest Coverage. This puts Canadian Natural Resources in the upper half of its industry. The industry median Interest Coverage is 5.89. Canadian Natural Resources' value of 7.32 is 24.3% above this benchmark. Historically, Canadian Natural Resources' own Interest Coverage has ranged from 3.21 to 22.03 over the past decade. While the company's 10-year median is 10.36 vs. the industry median of 5.89, Canadian Natural Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 731 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Natural Resources's current Interest Coverage of 7.32 is 24.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Canadian Natural Resources and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Natural Resources's current Interest Coverage is 7.32, which is 29% below median its own 10-year median of 10.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Natural Resources stock overvalued right now?
Based on GuruFocus' analysis, Canadian Natural Resources (FRA:CRC) is currently considered Modestly Overvalued. The stock's GF Value™ is €29.59, compared to a current price of €34.20 — trading 15.6% above its estimated fair value. The current Interest Coverage is 7.32, which is 29% below median its 10-year median of 10.36 and 24.3% above the Oil & Gas industry median of 5.89. Canadian Natural Resources' overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Canadian Natural Resources (FRA:CRC), the current Interest Coverage is 7.32 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Canadian Natural Resources (FRA:CRC) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Natural Resources stock appears to be overvalued.
The current stock price of €34.20 is trading 15.6% above its estimated GF Value™ of €29.59.
GuruFocus considers Canadian Natural Resources to be Modestly Overvalued.
Key valuation signals for FRA:CRC:
Interest Coverage: 7.32 (29% below median its 10-year median of 10.36)
GF Value™: €29.59 vs. price of €34.20 (15.6% above fair value)
Industry Position: 24.3% above the Oil & Gas median (#274 of 731)
No single metric tells the full story. See the FRA:CRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian Natural Resources is the largest producer of oil and the second-largest producer of natural gas in Canada. It is principally involved in extracting heavy oils, natural gas, and bitumen through its drilling and mining operations. Bitumen from mining operations is upgraded into synthetic crude oil. Commodities produced are primarily exported to the US via pipeline. The company also has smaller offshore production operations in the North Sea and Africa.
78GF Score
Get the complete analysis for FRA:CRC
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