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 Norfolk Southern Corporation (NSC) flexibility index to measure the company's free cash flow as a share of total liabilities.
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. For the full cash flow conversion analysis, see how efficiently does Norfolk Southern Corporation generate cash.
Annual Cash Flow-to-Debt Ratio for Norfolk Southern Corporation (1989–2025)
Year-by-year debt coverage analysis for Norfolk Southern Corporation. Check earnings quality score of Norfolk Southern Corporation to evaluate the quality of earnings relative to operating cash generation.
| 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 | — |