Debt to Equity
since 2005
Calculation
CSX Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Shareholders’ equity, attributable to CSX1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1.43 | = | 18,047) | ÷ | 12,615) |
| Dec 31, 2021 | 1.21 | = | 16,366) | ÷ | 13,490) |
| Dec 31, 2020 | 1.28 | = | 16,705) | ÷ | 13,101) |
| Dec 31, 2019 | 1.37 | = | 16,238) | ÷ | 11,848) |
| Dec 31, 2018 | 1.17 | = | 14,757) | ÷ | 12,563) |
| Dec 31, 2017 | 0.80 | = | 11,809) | ÷ | 14,705) |
| Dec 30, 2016 | 0.97 | = | 11,293) | ÷ | 11,679) |
| Dec 25, 2015 | 0.92 | = | 10,703) | ÷ | 11,652) |
| Dec 26, 2014 | 0.87 | = | 9,742) | ÷ | 11,152) |
| Dec 27, 2013 | 0.91 | = | 9,555) | ÷ | 10,483) |
| Dec 28, 2012 | 1.09 | = | 9,832) | ÷ | 8,988) |
| Dec 30, 2011 | 1.09 | = | 9,241) | ÷ | 8,455) |
| Dec 31, 2010 | 1.00 | = | 8,664) | ÷ | 8,686) |
| Dec 25, 2009 | 0.91 | = | 8,008) | ÷ | 8,846) |
| Dec 26, 2008 | 0.97 | = | 7,832) | ÷ | 8,048) |
| Dec 28, 2007 | 0.84 | = | 7,257) | ÷ | 8,685) |
| Dec 29, 2006 | 0.67 | = | 5,962) | ÷ | 8,942) |
| Dec 30, 2005 | 0.76 | = | 6,030) | ÷ | 7,954) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).
1 US$ in millions
Comparison to Competitors
CSX Corp., debt to equity, long-term trends, comparison to competitors
| CSX Corp. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Parcel Service Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 1.43 | 0.81 | 1.26 | 2.74 | 0.99 |
| Dec 31, 2021 | 1.21 | 0.86 | 0.64 | 2.10 | 1.54 |
| Dec 31, 2020 | 1.28 | 1.20 | 0.62 | 1.58 | 37.53 |
| Dec 31, 2019 | 1.37 | 0.99 | 0.40 | 1.39 | 7.73 |
| Dec 31, 2018 | 1.17 | 0.85 | — | 1.10 | 7.53 |
| Dec 31, 2017 | 0.80 | 0.93 | — | 0.68 | 24.29 |
| Dec 30, 2016 | 0.97 | 1.01 | — | 0.75 | 39.69 |
| Dec 25, 2015 | 0.92 | 0.48 | — | 0.69 | 5.80 |
| Dec 26, 2014 | 0.87 | 0.31 | — | 0.54 | 5.04 |
| Dec 27, 2013 | 0.91 | 0.17 | — | 0.45 | 1.68 |
| Dec 28, 2012 | 1.09 | 0.11 | — | 0.45 | 2.77 |
| Dec 30, 2011 | 1.09 | 0.11 | — | 0.48 | 1.58 |
| Dec 31, 2010 | 1.00 | 0.14 | — | 0.52 | 1.36 |
| Dec 25, 2009 | 0.91 | 0.19 | — | 0.58 | 1.25 |
| Dec 26, 2008 | 0.97 | 0.14 | — | 0.58 | 1.46 |
| Dec 28, 2007 | 0.84 | 0.21 | — | 0.49 | 0.90 |
| Dec 29, 2006 | 0.67 | 0.21 | — | 0.44 | 0.27 |
| Dec 30, 2005 | 0.76 | 0.29 | — | 0.54 | 0.24 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).
Comparison to Sector (Transportation)
CSX Corp., debt to equity, long-term trends, comparison to sector (transportation)
| CSX Corp. | Transportation | |
|---|---|---|
| Dec 31, 2022 | 1.43 | 1.28 |
| Dec 31, 2021 | 1.21 | 1.22 |
| Dec 31, 2020 | 1.28 | 1.68 |
| Dec 31, 2019 | 1.37 | 1.38 |
| Dec 31, 2018 | 1.17 | 1.44 |
| Dec 31, 2017 | 0.80 | 1.34 |
| Dec 30, 2016 | 0.97 | 1.32 |
| Dec 25, 2015 | 0.92 | 0.94 |
| Dec 26, 2014 | 0.87 | 0.70 |
| Dec 27, 2013 | 0.91 | 0.52 |
| Dec 28, 2012 | 1.09 | 0.60 |
| Dec 30, 2011 | 1.09 | 0.53 |
| Dec 31, 2010 | 1.00 | 0.56 |
| Dec 25, 2009 | 0.91 | 0.57 |
| Dec 26, 2008 | 0.97 | 0.57 |
| Dec 28, 2007 | 0.84 | 0.53 |
| Dec 29, 2006 | 0.67 | 0.32 |
| Dec 30, 2005 | 0.76 | 0.35 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).
Comparison to Industry (Industrials)
CSX Corp., debt to equity, long-term trends, comparison to industry (industrials)
| CSX Corp. | Industrials | |
|---|---|---|
| Dec 31, 2022 | 1.43 | 1.32 |
| Dec 31, 2021 | 1.21 | 1.25 |
| Dec 31, 2020 | 1.28 | 1.73 |
| Dec 31, 2019 | 1.37 | 1.86 |
| Dec 31, 2018 | 1.17 | 1.87 |
| Dec 31, 2017 | 0.80 | 1.65 |
| Dec 30, 2016 | 0.97 | 1.55 |
| Dec 25, 2015 | 0.92 | 1.52 |
| Dec 26, 2014 | 0.87 | 1.86 |
| Dec 27, 2013 | 0.91 | 1.77 |
| Dec 28, 2012 | 1.09 | 2.24 |
| Dec 30, 2011 | 1.09 | 2.56 |
| Dec 31, 2010 | 1.00 | 2.63 |
| Dec 25, 2009 | 0.91 | 2.92 |
| Dec 26, 2008 | 0.97 | 3.45 |
| Dec 28, 2007 | 0.84 | 2.72 |
| Dec 29, 2006 | 0.67 | 2.46 |
| Dec 30, 2005 | 0.76 | 2.11 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).