60/100B330.53
USD
2.53
(0.77%)
Pre Open
Fair value271.49Plus+22%171Price 330.53462
Q4 FY2026 · Earnings report
EPS estimate 3.27Revenue estimate 3.48B
Q4 FY2026 · Earnings report
EPS estimate 3.27Revenue estimate 3.48B
Norfolk Southern debt to equity ratioWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Norfolk Southern's debt to equity ratio is 0.99: total debt of 16.61B USD against shareholders' equity of 16.73B USD.
- Today
- 0.99
- Average, 5 years
- 1.18
- Low, 5 years
- 0.99
- High, 5 years
- 1.40
Debt to equity = total debt ÷ shareholders' equity = 16.61B ÷ 16.73B = 0.99
Debt to equity
Total debt
Shareholders' equity
Total debt over shareholders' equity at each quarter end.
Debt to equity by year and by quarter
| Fiscal year | Period ending | Debt to equity | Total debt | Shareholders' equity |
|---|---|---|---|---|
| Today | 0.99 | 16.61B | 16.73B | |
| FY2025 | 31 Dec 2025 | 1.10 | 17.09B | 15.55B |
| FY2024 | 31 Dec 2024 | 1.22 | 17.48B | 14.31B |
| FY2023 | 31 Dec 2023 | 1.37 | 17.57B | 12.78B |
| FY2022 | 31 Dec 2022 | 1.22 | 15.59B | 12.73B |
| FY2021 | 31 Dec 2021 | 1.04 | 14.25B | 13.64B |
| FY2020 | 31 Dec 2020 | 0.89 | 13.11B | 14.79B |
| FY2019 | 31 Dec 2019 | 0.84 | 12.73B | 15.18B |
| FY2018 | 31 Dec 2018 | 0.73 | 11.15B | 15.36B |
| FY2017 | 31 Dec 2017 | 0.60 | 9.84B | 16.36B |
| FY2016 | 31 Dec 2016 | 0.82 | 10.21B | 12.41B |
| FY2015 | 31 Dec 2015 | 0.83 | 10.09B | 12.19B |
| FY2014 | 31 Dec 2014 | 0.73 | 9.03B | 12.41B |
| FY2013 | 31 Dec 2013 | 0.84 | 9.45B | 11.29B |
| FY2012 | 31 Dec 2012 | 0.89 | 8.68B | 9.76B |
| FY2011 | 31 Dec 2011 | 0.76 | 7.54B | 9.91B |
| FY2010 | 31 Dec 2010 | 0.66 | 7.03B | 10.67B |
| FY2009 | 31 Dec 2009 | 0.69 | 7.15B | 10.35B |
| FY2008 | 31 Dec 2008 | 0.69 | 6.67B | 9.60B |
| FY2007 | 31 Dec 2007 | 0.65 | 6.37B | 9.73B |
| FY2006 | 31 Dec 2006 | 0.69 | 6.60B | 9.62B |
| FY2005 | 31 Dec 2005 | 0.75 | 6.93B | 9.29B |
| FY2004 | 31 Dec 2004 | 0.94 | 7.53B | 7.99B |
| FY2003 | 31 Dec 2003 | 1.03 | 7.16B | 6.98B |
| FY2002 | 31 Dec 2002 | 1.13 | 7.36B | 6.50B |
| FY2001 | 31 Dec 2001 | 1.25 | 7.63B | 6.09B |
| FY2000 | 31 Dec 2000 | 1.31 | 7.64B | 5.82B |
| FY1999 | 31 Dec 1999 | 1.36 | 8.06B | 5.93B |
| FY1998 | 31 Dec 1998 | 1.29 | 7.62B | 5.92B |
| FY1997 | 31 Dec 1997 | 1.37 | 7.49B | 5.45B |
| FY1996 | 31 Dec 1996 | 0.38 | 1.90B | 4.98B |
| FY1995 | 31 Dec 1995 | 0.35 | 1.68B | 4.83B |
| FY1994 | 31 Dec 1994 | 0.36 | 1.66B | 4.68B |
| FY1993 | 31 Dec 1993 | 0.38 | 1.74B | 4.62B |
| FY1992 | 31 Dec 1992 | 0.42 | 1.80B | 4.23B |
| FY1991 | 31 Dec 1991 | 0.42 | 1.71B | 4.09B |
| FY1990 | 31 Dec 1990 | 0.26 | 1.30B | 4.91B |
| FY1989 | 31 Dec 1989 | 0.15 | 791.10M | 5.17B |
| FY1988 | 31 Dec 1988 | 0.15 | 780.90M | 5.15B |
| FY1987 | 31 Dec 1987 | 0.16 | 795.10M | 4.98B |
| FY1986 | 31 Dec 1986 | 0.18 | 891.30M | 5.07B |
| FY1985 | 31 Dec 1985 | 0.20 | 941.00M | 4.76B |
| Quarter | Period ending | Debt to equity | Total debt | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 0.99 | 16.61B | 16.73B |
| Q2 FY2026 | 30 Jun 2026 | 1.02 | 16.62B | 16.25B |
| Q1 FY2026 | 31 Mar 2026 | 1.08 | 17.10B | 15.80B |
| Q4 FY2025 | 31 Dec 2025 | 1.10 | 17.09B | 15.55B |
| Q3 FY2025 | 30 Sept 2025 | 1.13 | 17.08B | 15.14B |
| Q2 FY2025 | 30 Jun 2025 | 1.17 | 17.37B | 14.79B |
| Q1 FY2025 | 31 Mar 2025 | 1.19 | 17.22B | 14.51B |
| Q4 FY2024 | 31 Dec 2024 | 1.22 | 17.48B | 14.31B |
| Q3 FY2024 | 30 Sept 2024 | 1.25 | 17.20B | 13.79B |
| Q2 FY2024 | 30 Jun 2024 | 1.36 | 17.59B | 12.98B |
| Q1 FY2024 | 31 Mar 2024 | 1.40 | 17.58B | 12.54B |
| Q4 FY2023 | 31 Dec 2023 | 1.37 | 17.57B | 12.78B |
| Q3 FY2023 | 30 Sept 2023 | 1.31 | 16.58B | 12.62B |
| Q2 FY2023 | 30 Jun 2023 | 1.20 | 15.13B | 12.64B |
| Q1 FY2023 | 31 Mar 2023 | 1.18 | 14.99B | 12.73B |
| Q4 FY2022 | 31 Dec 2022 | 1.22 | 15.59B | 12.73B |
| Q3 FY2022 | 30 Sept 2022 | 1.16 | 15.07B | 13.02B |
| Q2 FY2022 | 30 Jun 2022 | 1.14 | 15.05B | 13.15B |
| Q1 FY2022 | 31 Mar 2022 | 1.10 | 14.84B | 13.46B |
| Q4 FY2021 | 31 Dec 2021 | 1.04 | 14.25B | 13.64B |
| Q3 FY2021 | 30 Sept 2021 | 1.00 | 13.83B | 13.89B |
| Q2 FY2021 | 30 Jun 2021 | 0.96 | 13.72B | 14.32B |
| Q1 FY2021 | 31 Mar 2021 | 0.86 | 12.62B | 14.64B |
| Q4 FY2020 | 31 Dec 2020 | 0.89 | 13.11B | 14.79B |
| Q3 FY2020 | 30 Sept 2020 | 0.85 | 12.72B | 14.94B |
| Q2 FY2020 | 30 Jun 2020 | 0.85 | 12.70B | 14.86B |
| Q1 FY2020 | 31 Mar 2020 | 0.82 | 12.21B | 14.88B |
| Q4 FY2019 | 31 Dec 2019 | 0.84 | 12.73B | 15.18B |
| Q3 FY2019 | 30 Sept 2019 | 0.78 | 11.84B | 15.24B |
| Q2 FY2019 | 30 Jun 2019 | 0.75 | 11.48B | 15.31B |
| Q1 FY2019 | 31 Mar 2019 | 0.74 | 11.40B | 15.33B |
| Q4 FY2018 | 31 Dec 2018 | 0.73 | 11.15B | 15.36B |
| Q3 FY2018 | 30 Sept 2018 | 0.72 | 11.14B | 15.48B |
| Q2 FY2018 | 30 Jun 2018 | 0.58 | 9.65B | 16.56B |
| Q1 FY2018 | 31 Mar 2018 | 0.63 | 10.29B | 16.42B |
| Q4 FY2017 | 31 Dec 2017 | 0.60 | 9.84B | 16.36B |
| Q3 FY2017 | 30 Sept 2017 | 0.78 | 9.88B | 12.73B |
| Q2 FY2017 | 30 Jun 2017 | 0.78 | 9.87B | 12.66B |
| Q1 FY2017 | 31 Mar 2017 | 0.81 | 10.12B | 12.53B |
| Q4 FY2016 | 31 Dec 2016 | 0.82 | 10.21B | 12.41B |
| Q3 FY2016 | 30 Sept 2016 | 0.82 | 10.11B | 12.40B |
| Q2 FY2016 | 30 Jun 2016 | 0.82 | 10.10B | 12.27B |
| Q1 FY2016 | 31 Mar 2016 | 0.78 | 9.50B | 12.22B |
| Q4 FY2015 | 31 Dec 2015 | 0.83 | 10.09B | 12.19B |
| Q3 FY2015 | 30 Sept 2015 | 0.78 | 9.50B | 12.13B |
| Q2 FY2015 | 30 Jun 2015 | 0.78 | 9.39B | 12.08B |
| Q1 FY2015 | 31 Mar 2015 | 0.73 | 8.93B | 12.16B |
| Q4 FY2014 | 31 Dec 2014 | 0.73 | 9.03B | 12.41B |
| Q3 FY2014 | 30 Sept 2014 | 0.72 | 8.92B | 12.44B |
| Q2 FY2014 | 30 Jun 2014 | 0.77 | 9.25B | 12.08B |
| Q1 FY2014 | 31 Mar 2014 | 0.80 | 9.35B | 11.69B |
| Q4 FY2013 | 31 Dec 2013 | 0.84 | 9.45B | 11.29B |
| Q3 FY2013 | 30 Sept 2013 | 0.87 | 8.95B | 10.29B |
| Q2 FY2013 | 30 Jun 2013 | 0.83 | 8.48B | 10.19B |
| Q1 FY2013 | 31 Mar 2013 | 0.84 | 8.49B | 10.11B |
| Q4 FY2012 | 31 Dec 2012 | 0.89 | 8.68B | 9.76B |
| Q3 FY2012 | 30 Sept 2012 | 0.87 | 8.48B | 9.77B |
| Q2 FY2012 | 30 Jun 2012 | 0.82 | 8.00B | 9.78B |
| Q1 FY2012 | 31 Mar 2012 | 0.82 | 8.02B | 9.82B |
| Q4 FY2011 | 31 Dec 2011 | 0.76 | 7.54B | 9.91B |
| Q3 FY2011 | 30 Sept 2011 | 0.67 | 6.84B | 10.26B |
| Q2 FY2011 | 30 Jun 2011 | 0.66 | 6.99B | 10.63B |
| Q1 FY2011 | 31 Mar 2011 | 0.62 | 6.62B | 10.60B |
| Q4 FY2010 | 31 Dec 2010 | 0.66 | 7.03B | 10.67B |
| Q3 FY2010 | 30 Sept 2010 | 0.64 | 6.94B | 10.79B |
| Q2 FY2010 | 30 Jun 2010 | 0.62 | 6.69B | 10.76B |
| Q1 FY2010 | 31 Mar 2010 | 0.67 | 7.03B | 10.56B |
| Q4 FY2009 | 31 Dec 2009 | 0.69 | 7.15B | 10.35B |
| Q3 FY2009 | 30 Sept 2009 | 0.70 | 7.07B | 10.07B |
| Q2 FY2009 | 30 Jun 2009 | 0.72 | 7.08B | 9.86B |
| Q1 FY2009 | 31 Mar 2009 | 0.71 | 6.94B | 9.71B |
| Q4 FY2008 | 31 Dec 2008 | 0.69 | 6.67B | 9.61B |
| Q3 FY2008 | 30 Sept 2008 | 0.64 | 6.47B | 10.05B |
| Q2 FY2008 | 30 Jun 2008 | 0.65 | 6.49B | 9.99B |
| Q1 FY2008 | 31 Mar 2008 | 0.67 | 6.49B | 9.75B |
| Q4 FY2007 | 31 Dec 2007 | 0.65 | 6.37B | 9.73B |
| Q3 FY2007 | 30 Sept 2007 | 0.62 | 6.15B | 9.88B |
| Q2 FY2007 | 30 Jun 2007 | 0.62 | 6.16B | 9.91B |
| Q1 FY2007 | 31 Mar 2007 | 0.68 | 6.53B | 9.63B |
| Q4 FY2006 | 31 Dec 2006 | 0.69 | 6.60B | 9.62B |
| Q3 FY2006 | 30 Sept 2006 | 0.69 | 6.63B | 9.58B |
| Q2 FY2006 | 30 Jun 2006 | 0.69 | 6.87B | 9.95B |
| Q1 FY2006 | 31 Mar 2006 | 0.71 | 6.90B | 9.71B |
| Q4 FY2005 | 31 Dec 2005 | 0.75 | 6.93B | 9.29B |
| Q3 FY2005 | 30 Sept 2005 | 0.78 | 6.96B | 8.92B |
| Q2 FY2005 | 30 Jun 2005 | 0.81 | 6.99B | 8.62B |
| Q1 FY2005 | 31 Mar 2005 | 0.93 | 7.68B | 8.25B |
| Q4 FY2004 | 31 Dec 2004 | 0.94 | 7.53B | 7.99B |
| Q3 FY2004 | 30 Sept 2004 | 0.98 | 7.55B | 7.69B |
| Q2 FY2004 | 30 Jun 2004 | 0.93 | 6.85B | 7.36B |
| Q1 FY2004 | 31 Mar 2004 | 0.97 | 6.88B | 7.12B |
| Q4 FY2003 | 31 Dec 2003 | 1.03 | 7.16B | 6.98B |
| Q3 FY2003 | 30 Sept 2003 | 1.04 | 7.19B | 6.92B |
| Q2 FY2003 | 30 Jun 2003 | 1.10 | 7.46B | 6.81B |
| Q1 FY2003 | 31 Mar 2003 | 1.12 | 7.49B | 6.69B |
| Q4 FY2002 | 31 Dec 2002 | 1.13 | 7.36B | 6.50B |
| Q3 FY2002 | 30 Sept 2002 | 1.15 | 7.38B | 6.43B |
| Q2 FY2002 | 30 Jun 2002 | 1.18 | 7.44B | 6.31B |
| Q1 FY2002 | 31 Mar 2002 | 1.23 | 7.66B | 6.21B |
| Q4 FY2001 | 31 Dec 2001 | 1.25 | 7.63B | 6.09B |
| Q3 FY2001 | 30 Sept 2001 | 1.27 | 7.67B | 6.03B |
| Q2 FY2001 | 30 Jun 2001 | 1.29 | 7.70B | 5.98B |
| Q1 FY2001 | 31 Mar 2001 | 1.33 | 7.84B | 5.88B |
| Q4 FY2000 | 31 Dec 2000 | 1.31 | 7.64B | 5.82B |
| Q3 FY2000 | 30 Sept 2000 | 1.30 | 7.65B | 5.89B |
| Q2 FY2000 | 30 Jun 2000 | 1.31 | 7.70B | 5.86B |
| Q1 FY2000 | 31 Mar 2000 | 1.37 | 8.00B | 5.82B |
| Q4 FY1999 | 31 Dec 1999 | 1.36 | 8.06B | 5.93B |
| Q3 FY1999 | 30 Sept 1999 | 1.35 | 7.98B | 5.93B |
| Q2 FY1999 | 30 Jun 1999 | 1.33 | 7.96B | 5.98B |
| Q1 FY1999 | 31 Mar 1999 | 1.31 | 7.81B | 5.97B |
| Q4 FY1998 | 31 Dec 1998 | 1.29 | 7.62B | 5.92B |
| Q3 FY1998 | 30 Sept 1998 | 1.30 | 7.58B | 5.84B |
| Q2 FY1998 | 30 Jun 1998 | 1.32 | 7.60B | 5.76B |
| Q1 FY1998 | 31 Mar 1998 | 1.33 | 7.52B | 5.63B |
| Q4 FY1997 | 31 Dec 1997 | 1.37 | 7.49B | 5.45B |
| Q3 FY1997 | 30 Sept 1997 | 1.43 | 7.55B | 5.29B |
| Q2 FY1997 | 30 Jun 1997 | 1.46 | 7.58B | 5.18B |
| Q1 FY1997 | 31 Mar 1997 | 0.58 | 2.93B | 5.05B |
| Q4 FY1996 | 31 Dec 1996 | 0.38 | 1.90B | 4.98B |
| Q3 FY1996 | 30 Sept 1996 | 0.40 | 1.94B | 4.85B |
| Q2 FY1996 | 30 Jun 1996 | 0.37 | 1.77B | 4.84B |
| Q1 FY1996 | 31 Mar 1996 | 0.36 | 1.75B | 4.84B |
| Q4 FY1995 | 31 Dec 1995 | 0.35 | 1.68B | 4.83B |
| Q3 FY1995 | 30 Sept 1995 | 0.35 | 1.69B | 4.81B |
| Q2 FY1995 | 30 Jun 1995 | 0.36 | 1.72B | 4.77B |
| Q1 FY1995 | 31 Mar 1995 | 0.37 | 1.75B | 4.73B |
| Q4 FY1994 | 31 Dec 1994 | 0.36 | 1.66B | 4.68B |
| Q3 FY1994 | 30 Sept 1994 | 0.35 | 1.68B | 4.73B |
| Q2 FY1994 | 30 Jun 1994 | 0.36 | 1.71B | 4.69B |
| Q1 FY1994 | 31 Mar 1994 | 0.37 | 1.73B | 4.67B |
| Q4 FY1993 | 31 Dec 1993 | 0.38 | 1.74B | 4.62B |
| Q3 FY1993 | 30 Sept 1993 | 0.38 | 1.74B | 4.56B |
| Q2 FY1993 | 30 Jun 1993 | 0.39 | 1.77B | 4.57B |
| Q1 FY1993 | 31 Mar 1993 | 0.39 | 1.78B | 4.51B |
| Q4 FY1992 | 31 Dec 1992 | 0.42 | 1.80B | 4.23B |
| Q3 FY1992 | 30 Sept 1992 | 0.43 | 1.81B | 4.20B |
| Q2 FY1992 | 30 Jun 1992 | 0.42 | 1.75B | 4.16B |
| Q1 FY1992 | 31 Mar 1992 | 0.43 | 1.78B | 4.13B |
| Q4 FY1991 | 31 Dec 1991 | 0.42 | 1.71B | 4.09B |
| Q3 FY1991 | 30 Sept 1991 | 0.33 | 1.53B | 4.59B |
| Q2 FY1991 | 30 Jun 1991 | 0.31 | 1.44B | 4.67B |
| Q1 FY1991 | 31 Mar 1991 | 0.31 | 1.47B | 4.80B |
| Q4 FY1990 | 31 Dec 1990 | 0.26 | 1.30B | 4.91B |
| Q3 FY1990 | 30 Sept 1990 | 0.23 | 1.14B | 4.98B |
| Q2 FY1990 | 30 Jun 1990 | 0.22 | 1.12B | 5.06B |
| Q1 FY1990 | 31 Mar 1990 | 0.16 | 803.30M | 5.13B |
| Q4 FY1989 | 31 Dec 1989 | 0.15 | 791.10M | 5.17B |
| Q3 FY1989 | 30 Sept 1989 | 0.13 | 693.20M | 5.16B |
| Q2 FY1989 | 30 Jun 1989 | 0.14 | 720.80M | 5.18B |
| Q1 FY1989 | 31 Mar 1989 | — | — | — |
| Q4 FY1988 | 31 Dec 1988 | 0.15 | 780.90M | 5.15B |
| Q3 FY1988 | 30 Sept 1988 | — | — | — |
| Q2 FY1988 | 30 Jun 1988 | — | — | — |
| Q1 FY1988 | 31 Mar 1988 | — | — | — |
| Q4 FY1987 | 31 Dec 1987 | 0.16 | 795.10M | 4.98B |
| Q3 FY1987 | 30 Sept 1987 | — | — | — |
| Q2 FY1987 | 30 Jun 1987 | — | — | — |
| Q1 FY1987 | 31 Mar 1987 | — | — | — |
| Q4 FY1986 | 31 Dec 1986 | 0.18 | 891.30M | 5.07B |
| Q3 FY1986 | 30 Sept 1986 | — | — | — |
| Q2 FY1986 | 30 Jun 1986 | — | — | — |
| Q1 FY1986 | 31 Mar 1986 | — | — | — |
| Q4 FY1985 | 31 Dec 1985 | 0.20 | 941.00M | 4.76B |
| Q3 FY1985 | 30 Sept 1985 | — | — | — |
Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,Dividend yield,ROE (return on equity),Current ratio,All ratios
Common questions about Norfolk Southern's debt to equity
Source: Financial Modeling Prep