CSX Corporation (CSX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 42,764,000 | 42,408,000 | 41,912,000 | 40,531,000 | 39,793,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $42,764,000K
= 0.00
The debt-to-assets ratio for CSX Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 suggests a strong financial position, as it implies that the company's assets are primarily financed through equity rather than debt. CSX Corporation's ability to maintain a low debt-to-assets ratio signifies a lower financial risk and indicates a healthy balance sheet structure.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-assets ratio
CSX Corporation
CSX
0.00
Norfolk Southern Corporation
NSC
0.00
Union Pacific Corporation
UNP
0.00