Norfolk Southern Corporation (NSC)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 14,306,000 | 12,781,000 | 12,733,000 | 13,641,000 | 14,791,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $14,306,000K)
= 0.00
The debt-to-capital ratio for Norfolk Southern Corporation has remained consistent at 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing relative to its total capital structure during this period. A debt-to-capital ratio of 0.00% suggests that the company is primarily financed by equity rather than debt, which may imply a lower financial risk and a stronger financial position. It is important to note that a low debt-to-capital ratio does not necessarily indicate better financial performance but rather showcases the company's conservative approach towards debt and capital structure management.
Peer comparison
Dec 31, 2024