CSX Corporation (CSX)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 42,408,000 | 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 | 38,257,000 | 38,795,000 | 37,924,000 | 38,154,000 |
| 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $42,408,000K
= 0.00
The debt-to-assets ratio of CSX Corp. has remained relatively stable in the past eight quarters, ranging from 0.40 to 0.44. This ratio indicates that CSX Corp. finances a significant portion of its assets through debt, with approximately 40-44% of its assets being funded by debt on average during this period.
A debt-to-assets ratio of 0.40-0.44 suggests that CSX Corp. has a moderate level of leverage, meaning it has a balance between equity and debt financing in its capital structure. This can be beneficial as debt can be a cheaper source of financing compared to equity, especially in a low-interest-rate environment. However, it also indicates that the company has a relatively high level of financial risk, as a higher proportion of debt in the capital structure means higher interest payments and potential default risk.
Overall, the stable debt-to-assets ratio of CSX Corp. over the past eight quarters indicates that the company has maintained a consistent approach to managing its debt levels relative to its asset base. It will be important for investors and stakeholders to continue monitoring this ratio to ensure that the company's financial health remains sustainable in the long term.
Peer comparison
Dec 31, 2023