Csx annual debt-to-equity ratio
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2025
Csx Debt-to-Equity Ratio Growth & History (CSX)
Csx's debt-to-equity ratio was 1.48 for fiscal 2025.
View full Csx company overviewCsx annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.48 | −0.05 | −3.18% |
| 2024 | 2024-12-31 | 1.52 | −0.07 | −4.32% |
| 2023 | 2023-12-31 | 1.59 | 0.10 | +6.77% |
| 2022 | 2022-12-31 | 1.49 | 0.24 | +18.70% |
| 2021 | 2021-12-31 | 1.26 | −0.06 | −4.22% |
| 2020 | 2020-12-31 | 1.31 | −0.10 | −7.26% |
| 2019 | 2019-12-31 | 1.42 | 0.24 | +20.64% |
| 2018 | 2018-12-31 | 1.17 | 0.37 | +46.23% |
| 2017 | 2017-12-31 | 0.80 | −0.16 | −16.93% |
| 2016 | 2016-12-30 | 0.97 | 0.06 | +6.96% |
| 2015 | 2015-12-25 | 0.90 | 0.03 | +3.58% |
| 2014 | 2014-12-26 | 0.87 | −0.04 | −4.17% |
| 2013 | 2013-12-27 | 0.91 | −0.17 | −15.47% |
| 2012 | 2012-12-28 | 1.08 | 0.00 | +0.13% |
| 2011 | 2011-12-30 | 1.07 | 0.09 | +9.14% |
| 2010 | 2010-12-31 | 0.98 | 0.08 | +9.37% |
| 2009 | 2009-12-25 | 0.90 | −0.03 | −3.29% |
| 2008 | 2008-12-26 | 0.93 | — | — |
Csx quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.37 | −0.21 | −13.46% |
| Q1 2026 | 2026-03-31 | 1.42 | −0.19 | −11.62% |
| Q4 2025 | 2025-12-31 | 1.48 | −0.05 | −3.18% |
| Q3 2025 | 2025-09-30 | 1.54 | 0.07 | +4.63% |
| Q2 2025 | 2025-06-30 | 1.59 | 0.08 | +5.41% |
| Q1 2025 | 2025-03-31 | 1.61 | 0.08 | +5.48% |
| Q4 2024 | 2024-12-31 | 1.52 | −0.07 | −4.32% |
| Q3 2024 | 2024-09-30 | 1.47 | −0.14 | −8.71% |
| Q2 2024 | 2024-06-30 | 1.51 | −0.02 | −1.13% |
| Q1 2024 | 2024-03-31 | 1.53 | 0.01 | +0.90% |
| Q4 2023 | 2023-12-31 | 1.59 | 0.10 | +6.77% |
| Q3 2023 | 2023-09-30 | 1.61 | 0.17 | +12.02% |
| Q2 2023 | 2023-06-30 | 1.52 | 0.25 | +19.99% |
| Q1 2023 | 2023-03-31 | 1.51 | 0.24 | +18.81% |
| Q4 2022 | 2022-12-31 | 1.49 | 0.24 | +18.70% |
| Q3 2022 | 2022-09-30 | 1.44 | 0.16 | +12.31% |
| Q2 2022 | 2022-06-30 | 1.27 | 0.02 | +1.51% |
| Q1 2022 | 2022-03-31 | 1.27 | −0.00 | −0.19% |
| Q4 2021 | 2021-12-31 | 1.26 | −0.06 | −4.22% |
| Q3 2021 | 2021-09-30 | 1.28 | −0.05 | −3.90% |
| Q2 2021 | 2021-06-30 | 1.25 | −0.15 | −10.45% |
| Q1 2021 | 2021-03-31 | 1.28 | −0.17 | −11.87% |
| Q4 2020 | 2020-12-31 | 1.31 | −0.10 | −7.26% |
| Q3 2020 | 2020-09-30 | 1.33 | −0.12 | −8.41% |
| Q2 2020 | 2020-06-30 | 1.40 | 0.07 | +5.13% |
| Q1 2020 | 2020-03-31 | 1.45 | 0.14 | +10.46% |
| Q4 2019 | 2019-12-31 | 1.42 | 0.24 | +20.64% |
| Q3 2019 | 2019-09-30 | 1.46 | 0.45 | +45.16% |
| Q2 2019 | 2019-06-30 | 1.33 | 0.35 | +35.11% |
| Q1 2019 | 2019-03-31 | 1.31 | 0.35 | +36.89% |
| Q4 2018 | 2018-12-31 | 1.17 | 0.37 | +46.23% |
| Q3 2018 | 2018-09-30 | 1.00 | −0.08 | −7.42% |
| Q2 2018 | 2018-06-30 | 0.98 | −0.04 | −3.54% |
| Q1 2018 | 2018-03-31 | 0.96 | −0.01 | −1.02% |
| Q4 2017 | 2017-12-31 | 0.80 | −0.16 | −16.93% |
| Q3 2017 | 2017-09-30 | 1.08 | 0.18 | +20.15% |
| Q2 2017 | 2017-06-30 | 1.02 | 0.11 | +12.46% |
| Q1 2017 | 2017-03-31 | 0.97 | 0.06 | +6.62% |
| Q4 2016 | 2016-12-30 | 0.97 | 0.06 | +6.96% |
| Q3 2016 | 2016-09-23 | 0.90 | 0.03 | +4.00% |
| Q2 2016 | 2016-06-24 | 0.91 | 0.03 | +3.64% |
| Q1 2016 | 2016-03-25 | 0.91 | 0.05 | +5.66% |
| Q4 2015 | 2015-12-25 | 0.90 | 0.03 | +3.58% |
| Q3 2015 | 2015-09-25 | 0.87 | 0.00 | +0.42% |
| Q2 2015 | 2015-06-26 | 0.87 | 0.02 | +2.44% |
| Q1 2015 | 2015-03-27 | 0.86 | −0.02 | −2.14% |
| Q4 2014 | 2014-12-26 | 0.87 | −0.04 | −4.17% |
| Q3 2014 | 2014-09-26 | 0.86 | −0.05 | −5.90% |
| Q2 2014 | 2014-06-27 | 0.85 | −0.12 | −12.01% |
| Q1 2014 | 2014-03-28 | 0.88 | −0.13 | −12.86% |
| Q4 2013 | 2013-12-27 | 0.91 | −0.17 | −15.47% |
| Q3 2013 | 2013-09-27 | 0.92 | −0.09 | −8.60% |
| Q2 2013 | 2013-06-28 | 0.97 | −0.05 | −5.04% |
| Q1 2013 | 2013-03-29 | 1.01 | −0.07 | −6.11% |
| Q4 2012 · Dec 28 | 2012-12-28 | 1.08 | 0.00 | +0.13% |
| Q3 2012 | 2012-09-28 | 1.00 | −0.04 | −4.12% |
| Q2 2012 | 2012-06-29 | 1.02 | 0.05 | +5.25% |
| Q1 2012 | 2012-03-30 | 1.07 | 0.20 | +23.02% |
| Q4 2011 | 2011-12-30 | 1.07 | 0.09 | +9.14% |
| Q3 2011 | 2011-09-30 | 1.05 | 0.20 | +23.90% |
| Q2 2011 | 2011-07-01 | 0.97 | 0.12 | +13.75% |
| Q1 2011 | 2011-04-01 | 0.87 | 0.04 | +5.12% |
| Q4 2010 | 2010-12-31 | 0.98 | 0.08 | +9.37% |
| Q3 2010 | 2010-09-24 | 0.84 | −0.07 | −7.16% |
| Q2 2010 | 2010-06-25 | 0.85 | −0.08 | −9.03% |
| Q1 2010 | 2010-03-26 | 0.83 | −0.14 | −14.85% |
| Q4 2009 | 2009-12-25 | 0.90 | −0.03 | −3.29% |
| Q3 2009 | 2009-09-25 | 0.91 | — | — |
| Q2 2009 | 2009-06-26 | 0.94 | — | — |
| Q1 2009 | 2009-03-27 | 0.97 | — | — |
| Q4 2008 | 2008-12-26 | 0.93 | — | — |
Csx debt-to-equity ratio trends
Over the last five fiscal years, Csx's debt-to-equity ratio increased from 1.31 to 1.48, a change of 0.16. The latest reported quarter, Q2 2026, shows 1.37.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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