What is Canadian Pacific Kansas City's debt-to-assets?

Canadian Pacific Kansas City (CP) reported debt-to-assets of 0.3× in Q1 2026.

What does debt-to-assets mean?

What fraction of everything the company owns is funded by debt.

How do you interpret debt-to-assets?

A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.

How does debt-to-assets compare across companies?

Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.

Canadian Pacific Kansas City CP Debt-to-assets

Debt-to-assets at other companies

Union PacificUNP

0×-0.5×

CSXCSX

0×-0.4×

Norfolk SouthernNSC

0×0.0×

WabtecWAB

0.3×+0.1×

JB Hunt Transport ServicesJBHT

0.2×0.0×

Berkshire HathawayBRK.A

0×0.0×

Other financials

Income statement

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Revenue$3.7B-2.5%

Operating income$1.3B-4.5%

Net income$846.0M-7.0%

EPS (diluted)$0.94-3.1%

Balance sheet

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Cash & equivalents$409.0M-41.2%

Total debt$24.5B—

Total equity$46.5B-3.7%

Total assets$87.7B-0.4%

Cash flow

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Operating cash flow$976.0M-15.6%

CapEx$664.0M-6.6%

Free cash flow$312.0M-29.9%

Valuation

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Market cap$76B+7.7%

Enterprise value$100.12B—

P/E18.6×+0.3×

P/S5.1×+0.3×

Profitability

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Operating margin37%+1.0pp

Net margin27.2%+1.2pp

Returns & leverage

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Return on equity8.6%+0.1pp

Debt / equity0.5×—

Current ratio0.7×-0.1×

Where this comes from

Calculated from Canadian Pacific Kansas City’s reported figures.

total debt/total assets=0.3×

Based on the most recent quarter.

The official record: Canadian Pacific Kansas City’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Canadian Pacific Kansas City's debt-to-assets?: Canadian Pacific Kansas City (CP) reported debt-to-assets of 0.3× in Q1 2026.
What does debt-to-assets mean?: What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?: A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?: Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.