What is CSX Effective Interest Rate on Debt %?
Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. CSX's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $840 Mil. CSX's average total debt for the quarter that ended in Mar. 2024 was $19,013 Mil. Therefore, CSX's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.42%.
CSX Effective Interest Rate on Debt % Historical Data
The historical data trend for CSX's Effective Interest Rate on Debt % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CSX Effective Interest Rate on Debt % Chart
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CSX Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Effective Interest Rate on Debt % |
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4.68 |
4.45 |
4.25 |
4.19 |
4.31 |
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CSX Quarterly Data
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Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Effective Interest Rate on Debt % |
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4.35 |
4.37 |
4.35 |
4.30 |
4.42 |
Competitive Comparison of CSX's Effective Interest Rate on Debt %
For the Railroads subindustry, CSX's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CSX's Effective Interest Rate on Debt % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, CSX's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where CSX's Effective Interest Rate on Debt % falls into.
CSX Effective Interest Rate on Debt % Calculation
CSX's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (A: Dec. 2022 ) | + | Total Debt (A: Dec. 2023 )) | / count ) |
| = | -1 * -809 | / | ( (18535 | + | 19024) | / 2 ) |
| = | -1 * -809 | / | 18779.5 |
| = | 4.31 % |
where
CSX's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as
| Effective Interest Rate on Debt % |
| = | -1 * Interest Expense | / | ( (Total Debt (Q: Dec. 2023 ) | + | Total Debt (Q: Mar. 2024 )) | / count ) |
| = | -1 * -840 | / | ( (19024 | + | 19002) | / 2 ) |
| = | -1 * -840 | / | 19013 |
| = | 4.42 % |
where
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data,
the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
CSX (CSX) Business Description
Traded in Other Exchanges
Address
500 Water Street, 15th Floor, Jacksonville, FL, USA, 32202
Operating in the Eastern United States, Class I railroad CSX generated revenue near $14.8 billion in 2022. On its more than 21,000 miles of track, CSX hauls shipments of coal (16% of consolidated revenue), chemicals (17%), intermodal containers (16%), automotive cargo (7%), and a diverse mix of other bulk and industrial merchandise.
Executives
| Michael A. Cory |
officer: EVP & COO |
500 WATER STREET, JACKSONVILLE FL 32202 |
| Joseph R Hinrichs |
director, officer: President & CEO |
FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126 |
| John J Zillmer |
director |
ARAMARK CORP, 1101 MARKET ST, PHILADELPHIA PA 19107 |
| James L Wainscott |
director |
C/O AK STEEL HOLDING CORP, 9227 CENTRE POINTE DRIVE, WEST CHESTER OH 45069 |
| Stephen Fortune |
officer: EVP - CD&TO |
500 WATER STREET, JACKSONVILLE FL 32202 |
| Nathan D Goldman |
officer: EVP & CLO |
500 WATER STREET, JACKSONVILLE FL 32202 |
| Angela C Williams |
officer: VP & Controller |
500 WATER STREET, JACKSONVILLE FL 32202 |
| Mark Kenneth Wallace |
officer: EVP - Corporate Affairs |
7550 OGDEN DALE ROAD S.E., CALGARY A0 T2C 4X9 |
| Sean R. Pelkey |
officer: VP & Acting CFO |
500 WATER STREET, JACKSONVILLE FL 32202 |
| David M Moffett |
director |
C/O PAYPAL HOLDINGS INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131 |
| Diana B Sorfleet |
officer: EVP & CAO |
500 WATER STREET, JACKSONVILLE FL 32202 |
| Thomas Bostick |
director |
20374 SENECA MEADOWS PARKWAY, GERMANTOWN MD 20876 |
| Kevin S. Boone |
officer: VP & Interim CFO |
500 WATER STREET, JACKSONVILLE FL 32202 |
| James M Foote |
officer: EVP & COO |
GATX CORP, 500 WEST MONROE STREET, CHICAGO IL 60661 |
| Paul C Hilal |
director |
MANTLE RIDGE, L.P., 712 FIFTH AVENUE, SUITE 17F, NEW YORK NY 10019 |
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