Norfolk Southern Corporation (NSC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 12,781,000 | 12,615,000 | 12,640,000 | 12,727,000 | 12,733,000 | 13,024,000 | 13,154,000 | 13,461,000 | 13,641,000 | 13,887,000 | 14,317,000 | 14,643,000 | 14,791,000 | 14,941,000 | 14,861,000 | 14,884,000 | 15,184,000 | 15,238,000 | 15,311,000 | 15,331,000 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $12,781,000K
= 0.00
The debt-to-equity ratio of Norfolk Southern Corp. has fluctuated over the past eight quarters, ranging from 1.10 to 1.34. This ratio indicates the proportion of the company's financing that is provided by debt compared to equity.
In the most recent quarter, Q4 2023, the debt-to-equity ratio stood at 1.34, which suggests that Norfolk Southern Corp. is relying more on debt to finance its operations and growth compared to equity. This could potentially indicate a higher level of financial risk and leverage for the company.
Looking back at the trend over the past quarters, there is a general uptrend in the debt-to-equity ratio from Q1 2022 to Q4 2023. This suggests that Norfolk Southern Corp. has been increasing its debt levels relative to equity over this period.
Overall, a high debt-to-equity ratio may indicate that Norfolk Southern Corp. is more leveraged and could be at higher risk in the event of economic downturns or changes in interest rates. It is important for investors and stakeholders to monitor this ratio along with other financial metrics to assess the company's financial health and risk profile effectively.
Peer comparison
Dec 31, 2023
See also:
Norfolk Southern Corporation Debt to Equity (Quarterly Data)