Norfolk Southern Corporation (NSC) — Cash Flow-to-Debt Ratio
Norfolk Southern Corporation (NSC) has a Cash Flow-to-Debt Ratio of 0.04x as of December 2025, meaning its operating cash flow of $1.06 Billion could theoretically repay 0% of its total liabilities ($29.69 Billion) in one year. See NSC cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Norfolk Southern Corporation Cash Flow-to-Debt Ratio (1989–2025)
Historical debt coverage capacity for Norfolk Southern Corporation across 37 annual periods. Also explore Norfolk Southern Corporation equity growth rate to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Norfolk Southern Corporation (1989–2025)
Year-by-year debt coverage analysis for Norfolk Southern Corporation. For market capitalisation and broader financial context, see NSC stock market capitalisation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.15x | $4.36 Billion | $29.69 Billion | ▲ +6.5% |
| 2024 | 0.14x | $4.05 Billion | $29.38 Billion | ▲ +25.3% |
| 2023 | 0.11x | $3.18 Billion | $28.87 Billion | ▼ -31.8% |
| 2022 | 0.16x | $4.22 Billion | $26.15 Billion | ▼ -5.7% |
| 2021 | 0.17x | $4.25 Billion | $24.85 Billion | ▲ +9.1% |
| 2020 | 0.16x | $3.64 Billion | $23.17 Billion | ▼ -8.3% |
| 2019 | 0.17x | $3.89 Billion | $22.74 Billion | ▼ -4.1% |
| 2018 | 0.18x | $3.73 Billion | $20.88 Billion | ▲ +6.2% |
| 2017 | 0.17x | $3.25 Billion | $19.35 Billion | ▲ +24.6% |
| 2016 | 0.13x | $3.03 Billion | $22.48 Billion | ▲ +3.5% |
| 2015 | 0.13x | $2.88 Billion | $22.07 Billion | ▼ -4.8% |
| 2014 | 0.14x | $2.85 Billion | $20.83 Billion | ▼ -5.7% |
| 2013 | 0.15x | $3.08 Billion | $21.19 Billion | ▼ -2.5% |
| 2012 | 0.15x | $3.06 Billion | $20.58 Billion | ▼ -14.0% |
| 2011 | 0.17x | $3.23 Billion | $18.63 Billion | ▲ +11.9% |
| 2010 | 0.15x | $2.71 Billion | $17.53 Billion | ▲ +41.6% |
| 2009 | 0.11x | $1.86 Billion | $17.02 Billion | ▼ -32.8% |
| 2008 | 0.16x | $2.71 Billion | $16.70 Billion | ▲ +14.4% |
| 2007 | 0.14x | $2.33 Billion | $16.42 Billion | ▲ +5.7% |
| 2006 | 0.13x | $2.21 Billion | $16.41 Billion | ▲ +5.8% |
| 2005 | 0.13x | $2.10 Billion | $16.57 Billion | ▲ +28.2% |
| 2004 | 0.10x | $1.66 Billion | $16.76 Billion | ▲ +28.0% |
| 2003 | 0.08x | $1.05 Billion | $13.61 Billion | ▲ +29.3% |
| 2002 | 0.06x | $803.00 Million | $13.41 Billion | ▲ +21.6% |
| 2001 | 0.05x | $654.00 Million | $13.28 Billion | ▼ -51.9% |
| 2000 | 0.10x | $1.34 Billion | $13.10 Billion | ▲ +155.0% |
| 1999 | 0.04x | $533.00 Million | $13.27 Billion | ▼ -44.9% |
| 1998 | 0.07x | $890.00 Million | $12.21 Billion | ▼ -24.9% |
| 1997 | 0.10x | $1.15 Billion | $11.86 Billion | ▼ -48.6% |
| 1996 | 0.19x | $1.20 Billion | $6.39 Billion | ▼ -8.2% |
| 1995 | 0.21x | $1.24 Billion | $6.02 Billion | ▲ +5.0% |
| 1994 | 0.20x | $1.14 Billion | $5.85 Billion | ▲ +30.7% |
| 1993 | 0.15x | $874.60 Million | $5.84 Billion | ▼ -4.5% |
| 1992 | 0.16x | $958.20 Million | $6.11 Billion | ▲ +23.3% |
| 1991 | 0.13x | $762.40 Million | $6.00 Billion | ▼ -29.2% |
| 1990 | 0.18x | $994.70 Million | $5.54 Billion | ▼ -18.9% |
| 1989 | 0.22x | $1.11 Billion | $5.01 Billion | — |