CSX Corporation (CSX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 12,507,000 | 12,128,000 | 12,625,000 | 13,500,000 | 13,110,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $12,507,000K)
= 0.00
The debt-to-capital ratio of CSX Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly as a source of capital relative to its overall capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital is predominantly derived from equity rather than debt financing. This low level of debt relative to capital may signify a conservative financial strategy, potentially indicating lower financial risk and greater financial stability for CSX Corporation.
Peer comparison
Dec 31, 2024