Norfolk Southern Corporation (NSC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 43,682,000 | 41,652,000 | 38,885,000 | 38,493,000 | 37,962,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $43,682,000K
= 0.00
The debt-to-assets ratio for Norfolk Southern Corporation has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company's total debt is negligible in comparison to its total assets over the years analyzed. A low debt-to-assets ratio suggests that the company has a strong financial position with minimal reliance on debt financing to support its operations and investments. This stability in the debt-to-assets ratio signifies a conservative approach to capital structure management, which may be favorable for the company's overall financial health and risk management.
Peer comparison
Dec 31, 2024