Norfolk Southern Corporation (NSC)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 41,652,000 | 40,739,000 | 39,261,000 | 39,169,000 | 38,885,000 | 39,306,000 | 39,336,000 | 39,361,000 | 38,493,000 | 38,604,000 | 38,754,000 | 37,937,000 | 37,962,000 | 38,179,000 | 37,962,000 | 37,438,000 | 37,923,000 | 37,500,000 | 37,172,000 | 37,062,000 |
| 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 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $41,652,000K
= 0.00
The debt-to-assets ratio of Norfolk Southern Corp. has been relatively stable over the past eight quarters, fluctuating between 0.38 and 0.41. This ratio indicates that, on average, between 38% and 41% of the company's total assets are financed by debt.
A debt-to-assets ratio below 1 suggests that Norfolk Southern Corp. relies more on equity financing rather than debt to fund its assets. Generally, a lower debt-to-assets ratio is considered less risky as it indicates lower financial leverage and less reliance on borrowed funds.
The consistency in Norfolk Southern Corp.'s debt-to-assets ratio over the quarters implies a prudent and balanced approach to managing its capital structure. It suggests that the company has maintained a stable level of debt relative to its assets, which can indicate financial stability and sound financial management practices.
However, while the debt-to-assets ratio provides valuable insight into the company's leverage, it is essential to consider other financial metrics and industry benchmarks to gain a comprehensive understanding of Norfolk Southern Corp.'s overall financial health and performance.
Peer comparison
Dec 31, 2023
See also:
Norfolk Southern Corporation Debt to Assets (Quarterly Data)