CSX Corporation (CSX)

Debt-to-capital 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 stockholders’ equity US$ in thousands 12,133,000 11,954,000 12,274,000 12,334,000 12,625,000 12,883,000 13,141,000 13,195,000 13,500,000 13,172,000 13,434,000 13,160,000 13,110,000 12,727,000 12,163,000 11,888,000 11,863,000 11,879,000 12,290,000 12,445,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $12,133,000K)
= 0.00

The debt-to-capital ratio of CSX Corp. has been relatively consistent over the past eight quarters, ranging from 0.55 to 0.61. The ratio measures the proportion of the company's capital that is financed by debt, with values closer to 1 indicating higher levels of debt relative to capital.

CSX Corp.'s debt-to-capital ratio has remained around the mid-to-high 0.50s to low 0.60s range, suggesting a moderate reliance on debt financing compared to equity. This stability in the ratio indicates a consistent financing strategy over the period analyzed. It is important to note that while a higher ratio can indicate higher financial risk due to increased leverage, a moderate ratio like the one for CSX Corp. may be manageable depending on the company's overall financial health and capacity to service its debt obligations.

Further analysis, including comparison with industry peers and trend analysis, would provide additional insights into the company's capital structure and financial risk profile.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-capital ratio
CSX Corporation
CSX
0.00
Norfolk Southern Corporation
NSC
0.00
Union Pacific Corporation
UNP
0.00

See also:

CSX Corporation Debt to Capital (Quarterly Data)