CSX Corporation (CSX)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 42,764,000 43,069,000 42,362,000 42,695,000 42,970,000 41,850,000 41,217,000 41,478,000 41,912,000 42,242,000 40,366,000 40,452,000 40,531,000 40,129,000 40,015,000 39,692,000 39,793,000 39,443,000 38,904,000 38,834,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 of CSX Corporation has consistently been 0.00 across all reported periods from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in financing its assets during these periods. A debt-to-assets ratio of 0.00 suggests that CSX Corporation relies solely on equity to fund its operations and investments, demonstrating a strong financial position and stability in terms of its capital structure. It also implies a lower financial risk as the company has no debt obligations to meet, which can be advantageous in times of economic uncertainty or fluctuating interest rates. Overall, a consistent 0.00 debt-to-assets ratio reflects prudent financial management and a focus on maintaining a healthy balance sheet by avoiding excessive debt levels.


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

See also:

CSX Corporation Debt to Assets (Quarterly Data)