CSX Corporation (CSX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| 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 |
CSX Corporation's solvency ratios indicate a strong financial position with consistently low debt levels relative to its assets, capital, and equity. The Debt-to-Assets ratio has been consistently at 0.00 across all reported periods, indicating that the company's assets are primarily financed by equity rather than debt.
Similarly, the Debt-to-Capital and Debt-to-Equity ratios have remained at 0.00 throughout the reported periods, highlighting the company's low reliance on debt for its capital structure. This implies that CSX Corporation has a conservative approach to leveraging its capital and maintaining a healthy balance sheet.
The Financial Leverage ratio, which measures the extent of a company's financial leverage, has fluctuated over the periods but generally stayed within the range of 3.0 to 3.5. This suggests that while the company's leverage has increased slightly in recent years, it remains at a moderate level compared to industry benchmarks.
Overall, CSX Corporation's solvency ratios reflect a solid financial foundation with a low debt burden and a prudent approach to managing its capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.41 | 6.65 | 6.56 | 6.70 | 6.89 | 7.10 | 7.53 | 7.96 | 7.96 | 8.08 | 8.01 | 7.52 | 7.26 | 6.89 | 6.48 | 5.73 | 5.81 | 5.79 | 6.01 | 6.72 |
The interest coverage ratio of CSX Corporation has been relatively stable over the past few years based on the provided data. It indicates how easily the company can meet its interest payments on outstanding debt.
From March 31, 2020, to June 30, 2020, the ratio decreased from 6.72 to 6.01 but remained above 5, showing that the company's operating income was sufficient to cover its interest expenses.
Subsequently, from June 30, 2020, to December 31, 2024, the interest coverage ratio fluctuated between 5.73 and 8.08. While the ratio experienced some fluctuations, it generally remained above 5, reflecting the company's ability to comfortably meet its interest obligations.
The most recent data as of December 31, 2024, shows an interest coverage ratio of 6.41, indicating that for every $1 of interest expense, CSX Corporation generated $6.41 of operating income. Overall, the trend suggests that CSX Corporation has maintained a healthy level of interest coverage, demonstrating its ability to manage its debt effectively.