CSX Corporation (CSX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total stockholders’ equity | US$ in thousands | 12,502,000 | 12,931,000 | 12,616,000 | 12,597,000 | 12,128,000 | 11,950,000 | 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 |
| Financial leverage ratio | 3.42 | 3.33 | 3.36 | 3.39 | 3.54 | 3.50 | 3.36 | 3.36 | 3.32 | 3.28 | 3.07 | 3.07 | 3.00 | 3.05 | 2.98 | 3.02 | 3.04 | 3.10 | 3.20 | 3.27 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $42,764,000K ÷ $12,502,000K
= 3.42
The financial leverage ratio of CSX Corporation has exhibited fluctuations over the past few years, ranging from a low of 2.98 in June 2021 to a high of 3.54 in December 2023. The ratio reached its peak in December 2023 before slightly decreasing to 3.36 in June 2024. Overall, the trend indicates that the company's financial leverage ratio has been relatively stable, hovering around the 3.00 to 3.50 range, which suggests that the company relies moderately on debt to finance its operations and investments. It is important for stakeholders to monitor this ratio to assess the company's ability to meet its financial obligations and manage its debt levels effectively.
Peer comparison
Dec 31, 2024