CSX Corporation (CSX)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.50 | 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 | 3.22 | 3.27 | 3.09 | 3.07 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $42,408,000K ÷ $12,133,000K
= 3.50
The financial leverage ratio of CSX Corp. has been relatively stable around 3.50 in the most recent quarters, indicating that the company relies heavily on debt to finance its operations and investments. The ratio has shown a gradual increase since Q1 2022, suggesting a potential increase in the company's debt levels relative to its equity. A ratio above 3 typically signifies a high level of financial leverage, which can amplify both returns and risks for the company and its shareholders. Investors and creditors may closely monitor this ratio to assess CSX Corp.'s ability to manage its debt obligations and its overall financial health.
Peer comparison
Dec 31, 2023