Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
CSX Corp., solvency ratios
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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | CSX Corp. debt to equity ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | CSX Corp. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | CSX Corp. debt to capital ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | CSX Corp. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | CSX Corp. debt to assets ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | CSX Corp. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | CSX Corp. financial leverage ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | CSX Corp. interest coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | CSX Corp. fixed charge coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |
Debt to Equity
CSX Corp., debt to equity calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt | 151) | 181) | 401) | 245) | 18) | |
| Long-term debt, excluding current portion | 17,896) | 16,185) | 16,304) | 15,993) | 14,739) | |
| Total debt | 18,047) | 16,366) | 16,705) | 16,238) | 14,757) | |
| Shareholders’ equity, attributable to CSX | 12,615) | 13,490) | 13,101) | 11,848) | 12,563) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 1.43 | 1.21 | 1.28 | 1.37 | 1.17 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| FedEx Corp. | 0.81 | 0.86 | 1.20 | 0.99 | — | |
| Uber Technologies Inc. | 1.32 | 0.66 | 0.64 | — | — | |
| Union Pacific Corp. | 2.74 | 2.10 | 1.58 | — | — | |
| United Airlines Holdings Inc. | 4.68 | 7.03 | 4.75 | — | — | |
| United Parcel Service Inc. | 0.99 | 1.54 | 37.53 | — | — | |
| Debt to Equity, Sector | ||||||
| Transportation | 1.62 | 1.63 | 2.02 | — | — | |
| Debt to Equity, Industry | ||||||
| Industrials | 1.41 | 1.36 | 1.81 | — | — | |
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).
1 2022 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity, attributable to CSX
= 18,047 ÷ 12,615 = 1.43
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | CSX Corp. debt to equity ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Equity (including Operating Lease Liability)
CSX Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt | 151) | 181) | 401) | 245) | 18) | |
| Long-term debt, excluding current portion | 17,896) | 16,185) | 16,304) | 15,993) | 14,739) | |
| Total debt | 18,047) | 16,366) | 16,705) | 16,238) | 14,757) | |
| Current operating lease liabilities (recorded in Other current liabilities) | 69) | 64) | 45) | 57) | —) | |
| Long-term operating lease liability | 488) | 478) | 455) | 493) | —) | |
| Total debt (including operating lease liability) | 18,604) | 16,908) | 17,205) | 16,788) | 14,757) | |
| Shareholders’ equity, attributable to CSX | 12,615) | 13,490) | 13,101) | 11,848) | 12,563) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 1.47 | 1.25 | 1.31 | 1.42 | 1.17 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 1.49 | 1.51 | 1.97 | 0.99 | — | |
| Uber Technologies Inc. | 1.58 | 0.79 | 0.78 | — | — | |
| Union Pacific Corp. | 2.87 | 2.22 | 1.67 | — | — | |
| United Airlines Holdings Inc. | 5.41 | 8.17 | 5.69 | — | — | |
| United Parcel Service Inc. | 1.19 | 1.79 | 42.24 | — | — | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Transportation | 2.03 | 2.02 | 2.51 | — | — | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Industrials | 1.58 | 1.53 | 1.98 | — | — | |
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).
1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity, attributable to CSX
= 18,604 ÷ 12,615 = 1.47
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | CSX Corp. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Capital
CSX Corp., debt to capital calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt | 151) | 181) | 401) | 245) | 18) | |
| Long-term debt, excluding current portion | 17,896) | 16,185) | 16,304) | 15,993) | 14,739) | |
| Total debt | 18,047) | 16,366) | 16,705) | 16,238) | 14,757) | |
| Shareholders’ equity, attributable to CSX | 12,615) | 13,490) | 13,101) | 11,848) | 12,563) | |
| Total capital | 30,662) | 29,856) | 29,806) | 28,086) | 27,320) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.59 | 0.55 | 0.56 | 0.58 | 0.54 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| FedEx Corp. | 0.45 | 0.46 | 0.55 | 0.50 | — | |
| Uber Technologies Inc. | 0.57 | 0.40 | 0.39 | — | — | |
| Union Pacific Corp. | 0.73 | 0.68 | 0.61 | — | — | |
| United Airlines Holdings Inc. | 0.82 | 0.88 | 0.83 | — | — | |
| United Parcel Service Inc. | 0.50 | 0.61 | 0.97 | — | — | |
| Debt to Capital, Sector | ||||||
| Transportation | 0.62 | 0.62 | 0.67 | — | — | |
| Debt to Capital, Industry | ||||||
| Industrials | 0.59 | 0.58 | 0.64 | — | — | |
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).
1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 18,047 ÷ 30,662 = 0.59
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | CSX Corp. debt to capital ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Capital (including Operating Lease Liability)
CSX Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt | 151) | 181) | 401) | 245) | 18) | |
| Long-term debt, excluding current portion | 17,896) | 16,185) | 16,304) | 15,993) | 14,739) | |
| Total debt | 18,047) | 16,366) | 16,705) | 16,238) | 14,757) | |
| Current operating lease liabilities (recorded in Other current liabilities) | 69) | 64) | 45) | 57) | —) | |
| Long-term operating lease liability | 488) | 478) | 455) | 493) | —) | |
| Total debt (including operating lease liability) | 18,604) | 16,908) | 17,205) | 16,788) | 14,757) | |
| Shareholders’ equity, attributable to CSX | 12,615) | 13,490) | 13,101) | 11,848) | 12,563) | |
| Total capital (including operating lease liability) | 31,219) | 30,398) | 30,306) | 28,636) | 27,320) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.60 | 0.56 | 0.57 | 0.59 | 0.54 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 0.60 | 0.60 | 0.66 | 0.50 | — | |
| Uber Technologies Inc. | 0.61 | 0.44 | 0.44 | — | — | |
| Union Pacific Corp. | 0.74 | 0.69 | 0.63 | — | — | |
| United Airlines Holdings Inc. | 0.84 | 0.89 | 0.85 | — | — | |
| United Parcel Service Inc. | 0.54 | 0.64 | 0.98 | — | — | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Transportation | 0.67 | 0.67 | 0.71 | — | — | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.61 | 0.60 | 0.66 | — | — | |
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).
1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 18,604 ÷ 31,219 = 0.60
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | CSX Corp. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Assets
CSX Corp., debt to assets calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt | 151) | 181) | 401) | 245) | 18) | |
| Long-term debt, excluding current portion | 17,896) | 16,185) | 16,304) | 15,993) | 14,739) | |
| Total debt | 18,047) | 16,366) | 16,705) | 16,238) | 14,757) | |
| Total assets | 41,912) | 40,531) | 39,793) | 38,257) | 36,729) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.43 | 0.40 | 0.42 | 0.42 | 0.40 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| FedEx Corp. | 0.24 | 0.25 | 0.30 | 0.32 | — | |
| Uber Technologies Inc. | 0.30 | 0.25 | 0.24 | — | — | |
| Union Pacific Corp. | 0.51 | 0.47 | 0.43 | — | — | |
| United Airlines Holdings Inc. | 0.48 | 0.52 | 0.48 | — | — | |
| United Parcel Service Inc. | 0.28 | 0.32 | 0.40 | — | — | |
| Debt to Assets, Sector | ||||||
| Transportation | 0.36 | 0.36 | 0.38 | — | — | |
| Debt to Assets, Industry | ||||||
| Industrials | 0.31 | 0.30 | 0.33 | — | — | |
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).
1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 18,047 ÷ 41,912 = 0.43
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | CSX Corp. debt to assets ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Debt to Assets (including Operating Lease Liability)
CSX Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current maturities of long-term debt | 151) | 181) | 401) | 245) | 18) | |
| Long-term debt, excluding current portion | 17,896) | 16,185) | 16,304) | 15,993) | 14,739) | |
| Total debt | 18,047) | 16,366) | 16,705) | 16,238) | 14,757) | |
| Current operating lease liabilities (recorded in Other current liabilities) | 69) | 64) | 45) | 57) | —) | |
| Long-term operating lease liability | 488) | 478) | 455) | 493) | —) | |
| Total debt (including operating lease liability) | 18,604) | 16,908) | 17,205) | 16,788) | 14,757) | |
| Total assets | 41,912) | 40,531) | 39,793) | 38,257) | 36,729) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.44 | 0.42 | 0.43 | 0.44 | 0.40 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 0.43 | 0.44 | 0.49 | 0.32 | — | |
| Uber Technologies Inc. | 0.36 | 0.29 | 0.29 | — | — | |
| Union Pacific Corp. | 0.53 | 0.50 | 0.45 | — | — | |
| United Airlines Holdings Inc. | 0.55 | 0.60 | 0.57 | — | — | |
| United Parcel Service Inc. | 0.33 | 0.37 | 0.44 | — | — | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Transportation | 0.45 | 0.45 | 0.47 | — | — | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.34 | 0.34 | 0.36 | — | — | |
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).
1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 18,604 ÷ 41,912 = 0.44
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | CSX Corp. debt to assets ratio (including operating lease liability) improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |
Financial Leverage
CSX Corp., financial leverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 41,912) | 40,531) | 39,793) | 38,257) | 36,729) | |
| Shareholders’ equity, attributable to CSX | 12,615) | 13,490) | 13,101) | 11,848) | 12,563) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 3.32 | 3.00 | 3.04 | 3.23 | 2.92 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| FedEx Corp. | 3.45 | 3.43 | 4.02 | 3.06 | — | |
| Uber Technologies Inc. | 4.37 | 2.68 | 2.71 | — | — | |
| Union Pacific Corp. | 5.38 | 4.49 | 3.68 | — | — | |
| United Airlines Holdings Inc. | 9.77 | 13.56 | 9.99 | — | — | |
| United Parcel Service Inc. | 3.59 | 4.87 | 94.99 | — | — | |
| Financial Leverage, Sector | ||||||
| Transportation | 4.53 | 4.48 | 5.38 | — | — | |
| Financial Leverage, Industry | ||||||
| Industrials | 4.62 | 4.49 | 5.44 | — | — | |
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).
1 2022 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity, attributable to CSX
= 41,912 ÷ 12,615 = 3.32
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | CSX Corp. financial leverage ratio decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level. |
Interest Coverage
CSX Corp., interest coverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings | 4,166) | 3,781) | 2,765) | 3,331) | 3,309) | |
| Add: Income tax expense | 1,248) | 1,170) | 862) | 985) | 995) | |
| Add: Interest expense | 742) | 722) | 754) | 737) | 639) | |
| Earnings before interest and tax (EBIT) | 6,156) | 5,673) | 4,381) | 5,053) | 4,943) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 8.30 | 7.86 | 5.81 | 6.86 | 7.74 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| FedEx Corp. | 8.11 | 9.42 | 3.48 | 2.11 | — | |
| Uber Technologies Inc. | -15.49 | -1.20 | -14.24 | — | — | |
| Union Pacific Corp. | 8.14 | 8.33 | 7.12 | — | — | |
| United Airlines Holdings Inc. | 1.59 | -0.62 | -7.89 | — | — | |
| United Parcel Service Inc. | 22.06 | 24.91 | 3.63 | — | — | |
| Interest Coverage, Sector | ||||||
| Transportation | 5.17 | 6.98 | -0.34 | — | — | |
| Interest Coverage, Industry | ||||||
| Industrials | 5.07 | 5.21 | 1.33 | — | — | |
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).
1 2022 Calculation
Interest coverage = EBIT ÷ Interest expense
= 6,156 ÷ 742 = 8.30
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | CSX Corp. interest coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |
Fixed Charge Coverage
CSX Corp., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net earnings | 4,166) | 3,781) | 2,765) | 3,331) | 3,309) | |
| Add: Income tax expense | 1,248) | 1,170) | 862) | 985) | 995) | |
| Add: Interest expense | 742) | 722) | 754) | 737) | 639) | |
| Earnings before interest and tax (EBIT) | 6,156) | 5,673) | 4,381) | 5,053) | 4,943) | |
| Add: Rent expense on operating leases | 109) | 89) | 82) | 84) | 66) | |
| Earnings before fixed charges and tax | 6,265) | 5,762) | 4,463) | 5,137) | 5,009) | |
| Interest expense | 742) | 722) | 754) | 737) | 639) | |
| Rent expense on operating leases | 109) | 89) | 82) | 84) | 66) | |
| Fixed charges | 851) | 811) | 836) | 821) | 705) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 7.36 | 7.10 | 5.34 | 6.26 | 7.10 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| FedEx Corp. | 2.29 | 2.83 | 1.50 | 1.19 | — | |
| Uber Technologies Inc. | -9.72 | -0.36 | -6.43 | — | — | |
| Union Pacific Corp. | 6.64 | 6.81 | 5.79 | — | — | |
| United Airlines Holdings Inc. | 1.38 | -0.01 | -3.58 | — | — | |
| United Parcel Service Inc. | 11.30 | 12.66 | 2.31 | — | — | |
| Fixed Charge Coverage, Sector | ||||||
| Transportation | 2.98 | 3.86 | 0.41 | — | — | |
| Fixed Charge Coverage, Industry | ||||||
| Industrials | 3.35 | 3.49 | 1.17 | — | — | |
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).
1 2022 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 6,265 ÷ 851 = 7.36
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | CSX Corp. fixed charge coverage ratio improved from 2020 to 2021 and from 2021 to 2022. |