Debt-to-equity of NORFOLK SOUTHERN CORP from 30 Jun 2018 to 31 Dec 2025

Taxonomy & unit: ratio: %
Description: Debt-to-equity (D/E) ratio is used to evaluate a company's financial leverage and is calculated by dividing a company's total liabilities by its shareholder equity.
Summary: NORFOLK SOUTHERN CORP quarterly Debt-to-equity in % history and change rate from 30 Jun 2018 to 31 Dec 2025.
NORFOLK SOUTHERN CORP Debt-to-equity for the quarter ending 31 Dec 2025 was 196%, a 11% decline year-over-year.

Debt-to-equity, Quarterly (%)

Debt-to-equity, YoY Quarterly Change (%)

NORFOLK SOUTHERN CORP Quarterly Debt-to-equity (%)

Period	Value	YoY Chg	Change %	Date
Q4 2025	196%	-24%	-11%	31 Dec 2025
Q3 2025	200%	-26%	-11%	30 Sep 2025
Q2 2025	205%	-23%	-10%	30 Jun 2025
Q1 2025	212%	-12%	-5.4%	31 Mar 2025
Q4 2024	220%	+3.4%	+1.5%	31 Dec 2024
Q3 2024	226%	+14%	+6.6%	30 Sep 2024
Q2 2024	228%	+22%	+11%	30 Jun 2024
Q1 2024	224%	+20%	+10%	31 Mar 2024
Q4 2023	217%	+17%	+8.6%	31 Dec 2023
Q3 2023	212%	+18%	+9.3%	30 Sep 2023
Q2 2023	206%	+19%	+9.9%	30 Jun 2023
Q1 2023	203%	+23%	+13%	31 Mar 2023
Q4 2022	200%	+27%	+16%	31 Dec 2022
Q3 2022	194%	+28%	+17%	30 Sep 2022
Q2 2022	188%	+27%	+17%	30 Jun 2022
Q1 2022	181%	+24%	+15%	31 Mar 2022
Q4 2021	172%	+17%	+11%	31 Dec 2021
Q3 2021	166%	+13%	+8.4%	30 Sep 2021
Q2 2021	160%	+9.7%	+6.5%	30 Jun 2021
Q1 2021	157%	+9.2%	+6.2%	31 Mar 2021
Q4 2020	155%	+9.7%	+6.7%	31 Dec 2020
Q3 2020	153%	+11%	+8.1%	30 Sep 2020
Q2 2020	151%	+12%	+8.6%	30 Jun 2020
Q1 2020	148%	+16%	+12%	31 Mar 2020
Q4 2019	145%	+19%	+15%	31 Dec 2019
Q3 2019	142%	+19%	+16%	30 Sep 2019
Q2 2019	139%	+8.6%	+6.6%	30 Jun 2019
Q1 2019	132%			31 Mar 2019
Q4 2018	126%			31 Dec 2018
Q3 2018	122%			30 Sep 2018
Q2 2018	130%			30 Jun 2018

* An asterisk sign (*) next to the value indicates that the value is likely invalid.