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Norfolk Southern (Norfolk Southern) Effective Interest Rate on Debt %

: 4.57% (As of Dec. 2023)
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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. Norfolk Southern's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $780 Mil. Norfolk Southern's average total debt for the quarter that ended in Dec. 2023 was $17,078 Mil. Therefore, Norfolk Southern's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.57%.


Norfolk Southern Effective Interest Rate on Debt % Historical Data

The historical data trend for Norfolk Southern'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.

* Premium members only.

Norfolk Southern Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.06 4.84 4.72 4.64 4.35

Norfolk Southern Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.62 4.58 4.52 4.59 4.57

Competitive Comparison

For the Railroads subindustry, Norfolk Southern'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.


Norfolk Southern Effective Interest Rate on Debt % Distribution

For the Transportation industry and Industrials sector, Norfolk Southern's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Norfolk Southern's Effective Interest Rate on Debt % falls into.



Norfolk Southern Effective Interest Rate on Debt % Calculation

Norfolk Southern'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  *  -722/( (15592+17571)/ 2 )
=-1  *  -722/16581.5
=4.35 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14795 + 797
=15592

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17462 + 109
=17571

Norfolk Southern's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -780/( (16584+17571)/ 2 )
=-1  *  -780/17077.5
=4.57 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=16179 + 405
=16584

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=17462 + 109
=17571

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Norfolk Southern  (NYSE:NSC) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Norfolk Southern Effective Interest Rate on Debt % Related Terms

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Norfolk Southern (Norfolk Southern) Business Description

Industry
Address
650 West Peachtree Street NW, Atlanta, GA, USA, 30308
Class-I railroad Norfolk Southern operates in the Eastern United States. On more than 20,000 miles of track, the firm hauls shipments of coal, intermodal traffic, and a diverse mix of automobile, agriculture, metal, chemical, and forest products.
Executives
Phillip S Davidson director 825 TOWN & COUNTRY LANE, SUITE 1500, HOUSTON TX 77024
Francesca A. Debiase director MCDONALD'S CORPORATION, 110 NORTH CARPENTER STREET, CHICAGO IL 60607
Alan H. Shaw officer: EVP & Chief Marketing Officer 650 W PEACHTREE ST NW, ATLANTA GA 30308
Paul B Duncan officer: EVP & Chief Operating Officer 650 W PEACHTREE ST NW, ATLANTA GA 30308
James A Squires officer: Sr. V.P. - Law 650 W PEACHTREE ST NW, ATLANTA GA 30308
Steven F Leer director USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Nabanita C Nag officer: SVP and Chief Legal Officer 650 W PEACHTREE ST NW, ATLANTA GA 30308
Claiborne L Moore officer: Vice President and Controller 650 W PEACHTREE ST NW, ATLANTA GA 30308
Lorri J Kleine officer: SVP & Chief Legal Officer 650 W PEACHTREE ST NW, ATLANTA GA 30308
Claude E Elkins officer: EVP & Chief Marketing Officer 650 W. PEACHTREE ST, NW, ATLANTA GA 30308
Allison Clyde H Jr officer: Vice President and Controller 650 W PEACHTREE ST NW, ATLANTA GA 30308
Ann A Adams officer: EVP-Chief Transform. Officer 650 W PEACHTREE ST NW, ATLANTA GA 30308
Cynthia M Sanborn officer: EVP & Chief Operating Officer 650 W PEACHTREE ST NW, ATLANTA GA 30308
Michael Joseph Wheeler officer: Sr. Vice President Operations THREE COMMERCIAL PLACE, 13TH FLOOR, NORFOLK VA 23510
Christopher T Jones director 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042

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