CSX (CSX) Debt-to-Equity

: 1.51 (As of Mar. 2024)

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CSX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $557 Mil. CSX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $18,445 Mil. CSX's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $12,597 Mil. CSX's debt to equity for the quarter that ended in Mar. 2024 was 1.51.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for CSX's Debt-to-Equity or its related term are showing as below:

CSX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.21 Max: 1.57
Current: 1.57

During the past 13 years, the highest Debt-to-Equity Ratio of CSX was 1.57. The lowest was 0.80. And the median was 1.21.

CSX's Debt-to-Equity is ranked worse than
82.17% of 886 companies
in the Transportation industry
Industry Median: 0.55 vs CSX: 1.57

CSX Debt-to-Equity Historical Data

The historical data trend for CSX's Debt-to-Equity 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.

CSX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.41

1.31

1.25

1.47

1.57

CSX Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity																1.49	1.50	1.59	1.57	1.51

Competitive Comparison

For the Railroads subindustry, CSX's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

For the Transportation industry and Industrials sector, CSX's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CSX's Debt-to-Equity falls into.

CSX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CSX's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(558	+	18466)	/	12128
	=	1.57

CSX's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(557	+	18445)	/	12597
	=	1.51

CSX (NAS:CSX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

CSX Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CSX's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

CSX (CSX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CSX Corp (NAS:CSX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CSX:Mexico CXR:Germany CXR:Germany CSXC34:Brazil

Address

500 Water Street, 15th Floor, Jacksonville, FL, USA, 32202

Website

https://www.csx.com

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