Norfolk Southern Corporation (NSC)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $14,306,000K
= 0.00
The debt-to-equity ratio for Norfolk Southern Corporation has consistently been at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on borrowed funds to finance its operations but has primarily used equity financing instead. A low or zero debt-to-equity ratio can signify financial stability and a lower risk level associated with debt obligations. However, it is essential to consider other financial metrics and factors to have a holistic view of the company's financial health and performance.
Peer comparison
Dec 31, 2024
Company name
Symbol
Debt-to-equity ratio
Norfolk Southern Corporation
NSC
0.00
CSX Corporation
CSX
0.00
Union Pacific Corporation
UNP
0.00