Abstract: A locking cargo restraint with multiple retracting cables is provided for securing cargo to a base, surface, or object. The locking cargo restraint is generally composed of a housing, retractable cables, and spools. The cables may be spooled within the housing to take up slack for storage of the device or to provide tension when cargo is being secured. The spools are spring biased to assist the user in pulling the cables into the housing. The cables are independently operable, allowing the operator to secure symmetrical or irregularly shaped objects. The locking cargo restraint also features a mode selection knob that can effectuate different modes of operation of the device such that the cables may be extended from the housing, retracted into the housing, or tightened about cargo. Further, the device includes a lock mechanism that, when engaged, limits the operation of the mode selection knob.