Norfolk Southern Corporation (NSC)
Current 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 current assets | US$ in thousands | 3,188,000 | 2,690,000 | 2,304,000 | 2,356,000 | 3,271,000 | 3,142,000 | 2,031,000 | 2,122,000 | 2,007,000 | 2,715,000 | 2,857,000 | 3,015,000 | 2,167,000 | 2,722,000 | 3,012,000 | 2,303,000 | 2,318,000 | 2,579,000 | 2,350,000 | 2,002,000 |
| Total current liabilities | US$ in thousands | 3,545,000 | 3,677,000 | 3,667,000 | 3,447,000 | 2,632,000 | 2,914,000 | 2,986,000 | 2,824,000 | 2,649,000 | 2,798,000 | 2,609,000 | 3,147,000 | 2,521,000 | 2,410,000 | 2,796,000 | 2,249,000 | 2,160,000 | 2,005,000 | 1,935,000 | 2,236,000 |
| Current ratio | 0.90 | 0.73 | 0.63 | 0.68 | 1.24 | 1.08 | 0.68 | 0.75 | 0.76 | 0.97 | 1.10 | 0.96 | 0.86 | 1.13 | 1.08 | 1.02 | 1.07 | 1.29 | 1.21 | 0.90 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,188,000K ÷ $3,545,000K
= 0.90
The current ratio of Norfolk Southern Corporation has shown varying trends over the past few years. It started at a relatively low level of 0.90 as of March 31, 2020, indicating that the company may have had some liquidity concerns at that time.
Subsequently, the current ratio improved to 1.29 as of September 30, 2020, signifying a strengthening of the company's short-term liquidity position. However, the ratio declined to 0.86 by the end of December 31, 2021, suggesting some challenges in managing current liabilities relative to current assets.
Thereafter, the current ratio fluctuated between 0.68 and 1.24 over the following years, indicating some volatility in the company's liquidity position. The most recent figure as of December 31, 2024, stood at 0.90, which is still below the ideal ratio of 1.0, indicating that Norfolk Southern may need to carefully manage its current assets and liabilities to ensure smooth operations and financial stability in the short term.
Peer comparison
Dec 31, 2024