Stock Analysis on Net
Stock Analysis on Net

Norfolk Southern Corp. (NYSE:NSC)

This company has been moved to the archive! The financial data has not been updated since April 27, 2022.

Debt to Equity
since 2005

Microsoft Excel

Calculation

Norfolk Southern Corp., debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Total debt1 ÷ Stockholders’ equity1
Dec 31, 2021 1.01 = 13,840 ÷ 13,641
Dec 31, 2020 0.86 = 12,681 ÷ 14,791
Dec 31, 2019 0.80 = 12,196 ÷ 15,184
Dec 31, 2018 0.73 = 11,145 ÷ 15,362
Dec 31, 2017 0.60 = 9,836 ÷ 16,359
Dec 31, 2016 0.82 = 10,212 ÷ 12,409
Dec 31, 2015 0.83 = 10,093 ÷ 12,188
Dec 31, 2014 0.73 = 9,026 ÷ 12,408
Dec 31, 2013 0.84 = 9,448 ÷ 11,289
Dec 31, 2012 0.89 = 8,682 ÷ 9,760
Dec 31, 2011 0.76 = 7,540 ÷ 9,911
Dec 31, 2010 0.66 = 7,025 ÷ 10,669
Dec 31, 2009 0.69 = 7,153 ÷ 10,353
Dec 31, 2008 0.69 = 6,667 ÷ 9,607
Dec 31, 2007 0.65 = 6,368 ÷ 9,727
Dec 31, 2006 0.69 = 6,600 ÷ 9,615
Dec 31, 2005 0.75 = 6,930 ÷ 9,289

Based on: 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: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Comparison to Competitors

Norfolk Southern Corp., debt to equity, long-term trends, comparison to competitors

Microsoft Excel
Norfolk Southern Corp. FedEx Corp. Uber Technologies Inc. Union Pacific Corp. United Airlines Holdings Inc. United Parcel Service Inc.
Dec 31, 2021 1.01 0.86 0.64 2.10 6.69 1.54
Dec 31, 2020 0.86 1.20 0.62 1.58 4.56 37.53
Dec 31, 2019 0.80 0.99 0.40 1.39 1.29 7.73
Dec 31, 2018 0.73 0.85 — 1.10 1.47 7.53
Dec 31, 2017 0.60 0.93 — 0.68 1.63 24.29
Dec 31, 2016 0.82 1.01 — 0.75 1.35 39.69
Dec 31, 2015 0.83 0.48 — 0.69 1.31 5.80
Dec 31, 2014 0.73 0.31 — 0.54 5.06 5.04
Dec 31, 2013 0.84 0.17 — 0.45 4.16 1.68
Dec 31, 2012 0.89 0.11 — 0.45 27.37 2.77
Dec 31, 2011 0.76 0.11 — 0.48 7.05 1.58
Dec 31, 2010 0.66 0.14 — 0.52 8.76 1.36
Dec 31, 2009 0.69 0.19 — 0.58 — 1.25
Dec 31, 2008 0.69 0.14 — 0.58 — 1.46
Dec 31, 2007 0.65 0.21 — 0.49 3.49 0.90
Dec 31, 2006 0.69 0.21 — 0.44 4.93 0.27
Dec 31, 2005 0.75 0.29 — 0.54 — 0.24

Based on: 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: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Transportation)

Norfolk Southern Corp., debt to equity, long-term trends, comparison to sector (transportation)

Microsoft Excel
Norfolk Southern Corp. Transportation
Dec 31, 2021 1.01 1.60
Dec 31, 2020 0.86 2.00
Dec 31, 2019 0.80 1.36
Dec 31, 2018 0.73 1.45
Dec 31, 2017 0.60 1.39
Dec 31, 2016 0.82 1.32
Dec 31, 2015 0.83 1.01
Dec 31, 2014 0.73 0.95
Dec 31, 2013 0.84 0.75
Dec 31, 2012 0.89 0.92
Dec 31, 2011 0.76 0.81
Dec 31, 2010 0.66 0.90
Dec 31, 2009 0.69 0.86
Dec 31, 2008 0.69 0.84
Dec 31, 2007 0.65 0.70
Dec 31, 2006 0.69 0.54
Dec 31, 2005 0.75 1.07

Based on: 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: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

Norfolk Southern Corp., debt to equity, long-term trends, comparison to industry (industrials)

Microsoft Excel
Norfolk Southern Corp. Industrials
Dec 31, 2021 1.01 1.35
Dec 31, 2020 0.86 1.80
Dec 31, 2019 0.80 1.81
Dec 31, 2018 0.73 1.83
Dec 31, 2017 0.60 1.65
Dec 31, 2016 0.82 1.53
Dec 31, 2015 0.83 1.51
Dec 31, 2014 0.73 1.88
Dec 31, 2013 0.84 1.78
Dec 31, 2012 0.89 2.27
Dec 31, 2011 0.76 2.58
Dec 31, 2010 0.66 2.66
Dec 31, 2009 0.69 2.97
Dec 31, 2008 0.69 3.50
Dec 31, 2007 0.65 2.71
Dec 31, 2006 0.69 2.47
Dec 31, 2005 0.75 2.39

Based on: 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: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).