CSX Corporation (CSX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $12,507,000K
= 0.00
The debt-to-equity ratio of CSX Corporation has been consistently reported as 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has no debt relative to its equity during this period. A debt-to-equity ratio of 0.00 suggests that CSX Corporation is mainly funded by equity, which may reflect a strong financial position and a conservative approach to capital structure. This low ratio signifies that the company may have a lower financial risk and may be less leveraged compared to peers with higher debt levels. Additionally, a consistent debt-to-equity ratio of 0.00 over multiple years indicates a stable financial structure and a consistent approach towards financing operations.
Peer comparison
Dec 31, 2024