NSC

Norfolk Southern
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NSC

Arincen60/100B

Norfolk Southern total debt 1985–2026

Norfolk Southern's total debt was 16.61B USD on 30 September 2026, down 2.8% on a year before. At the end of fiscal year 2025 it was 17.09B USD.

Last updated 8 Nov 2026 · Next report 28 Jan 2027

Total debt

Growth

Fiscal yearPeriod endingTotal debtGrowthCash and short-term investmentsNet cashDebt to equity
Latest quarter30 Sept 202616.61B-2.75%1.60B-15.02B0.99
FY202531 Dec 202517.09B-2.24%1.53B-15.56B1.10
FY202431 Dec 202417.48B-0.53%1.64B-15.84B1.22
FY202331 Dec 202317.57B+12.69%1.57B-16.00B1.37
FY202231 Dec 202215.59B+9.39%456.00M-15.14B1.22
FY202131 Dec 202114.25B+8.69%839.00M-13.41B1.04
FY202031 Dec 202013.11B+2.98%1.12B-12.00B0.89
FY201931 Dec 201912.73B+14.26%580.00M-12.15B0.84
FY201831 Dec 201811.15B+13.31%358.00M-10.79B0.73
FY201731 Dec 20179.84B-3.68%690.00M-9.15B0.60
FY201631 Dec 201610.21B+1.18%956.00M-9.26B0.82
FY201531 Dec 201510.09B+11.82%1.10B-8.99B0.83
FY201431 Dec 20149.03B-4.47%973.00M-8.05B0.73
FY201331 Dec 20139.45B+8.82%1.56B-7.89B0.84
FY201231 Dec 20128.68B+15.15%668.00M-8.01B0.89
FY201131 Dec 20117.54B+7.33%301.00M-7.24B0.76
FY201031 Dec 20107.03B-1.79%1.11B-5.92B0.66
FY200931 Dec 20097.15B+7.29%1.09B-6.07B0.69
FY200831 Dec 20086.67B+4.70%618.00M-6.05B0.69
FY200731 Dec 20076.37B-3.52%206.00M-6.16B0.65
FY200631 Dec 20066.60B-4.76%918.00M-5.68B0.69
FY200531 Dec 20056.93B-7.91%1.26B-5.67B0.75
FY200431 Dec 20047.53B+5.10%669.00M-6.86B0.94
FY200331 Dec 20037.16B-2.77%284.00M-6.88B1.03
FY200231 Dec 20027.36B-3.51%184.00M-7.18B1.13
FY200131 Dec 20017.63B-0.05%204.00M-7.43B1.25
FY200031 Dec 20007.64B-5.25%2.00M-7.63B1.31
FY199931 Dec 19998.06B+5.71%51.00M-8.01B1.36
FY199831 Dec 19987.62B+1.84%63.00M-7.56B1.29
FY199731 Dec 19977.49B+293.94%159.00M-7.33B1.37
FY199631 Dec 19961.90B+12.83%403.40M-1.50B0.38
FY199531 Dec 19951.68B+1.17%329.00M-1.36B0.35
FY199431 Dec 19941.66B-4.59%306.70M-1.36B0.36
FY199331 Dec 19931.74B-2.92%80.50M-1.66B0.38
FY199231 Dec 19921.80B+5.17%111.80M-1.69B0.42
FY199131 Dec 19911.71B+31.74%158.20M-1.55B0.42
FY199031 Dec 19901.30B+63.96%389.70M-907.40M0.26
FY198931 Dec 1989791.10M+1.31%216.30M-574.80M0.15
FY198831 Dec 1988780.90M-1.79%637.60M-143.30M0.15
FY198731 Dec 1987795.10M-10.79%799.90M4.80M0.16
FY198631 Dec 1986891.30M-5.28%723.70M-167.60M0.18
FY198531 Dec 1985941.00M—1.08B136.30M0.20

Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.

Total debt counts commercial paper, term debt and lease liabilities.

See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet

Common questions about Norfolk Southern's debt

Source: Financial Modeling Prep