Norfolk Southern Corporation Working Capital to Net Assets Ratio
Norfolk Southern Corporation working capital to net assets ratio. Norfolk Southern Corporation (NSC) has a Working Capital to Net Assets ratio of -3.7% as of December 2025. Working capital of $-577.00 Million (current assets of $3.20 Billion minus current liabilities of $3.77 Billion) is measured against net assets of $15.55 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check NSC goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Norfolk Southern Corporation (1985–2025)
Working capital to net assets ratio of Norfolk Southern Corporation from 1985 to 2025. This chart shows how Norfolk Southern Corporation's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of December 2025, the ratio stands at -3.7%, reflecting working capital of $-577.00 Million against net assets of $15.55 Billion USD. See Norfolk Southern Corporation defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Norfolk Southern Corporation Working Capital to Net Assets Ratio by Year (1985–2025)
Norfolk Southern Corporation working capital to net assets ratio by year from 1985 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Norfolk Southern Corporation from 1985 to 2025, covering 41 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see Norfolk Southern Corporation total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -3.7% | $-577.00 Million | $15.55 Billion | $3.20 Billion | $3.77 Billion | ▼ -1.2 pp |
| 2024 | -2.5% | $-357.00 Million | $14.31 Billion | $3.19 Billion | $3.54 Billion | ▼ -7.5 pp |
| 2023 | 5.0% | $639.00 Million | $12.78 Billion | $3.27 Billion | $2.63 Billion | ▲ +10.0 pp |
| 2022 | -5.0% | $-642.00 Million | $12.73 Billion | $2.01 Billion | $2.65 Billion | ▼ -2.4 pp |
| 2021 | -2.6% | $-354.00 Million | $13.64 Billion | $2.17 Billion | $2.52 Billion | ▼ -3.7 pp |
| 2020 | 1.1% | $158.00 Million | $14.79 Billion | $2.32 Billion | $2.16 Billion | ▲ +2.5 pp |
| 2019 | -1.4% | $-219.00 Million | $15.18 Billion | $2.08 Billion | $2.30 Billion | ▲ +3.3 pp |
| 2018 | -4.7% | $-729.00 Million | $15.36 Billion | $1.86 Billion | $2.59 Billion | ▼ -2.3 pp |
| 2017 | -2.4% | $-396.00 Million | $16.36 Billion | $2.15 Billion | $2.54 Billion | ▼ -2.0 pp |
| 2016 | -0.4% | $-48.00 Million | $12.41 Billion | $2.29 Billion | $2.34 Billion | ▼ -3.7 pp |
| 2015 | 3.3% | $402.00 Million | $12.19 Billion | $2.63 Billion | $2.23 Billion | ▼ -4.7 pp |
| 2014 | 8.0% | $998.00 Million | $12.41 Billion | $2.78 Billion | $1.78 Billion | ▲ +1.2 pp |
| 2013 | 6.8% | $770.00 Million | $11.29 Billion | $3.08 Billion | $2.31 Billion | ▲ +5.2 pp |
| 2012 | 1.6% | $161.00 Million | $9.76 Billion | $2.24 Billion | $2.08 Billion | ▲ +1.1 pp |
| 2011 | 0.5% | $50.00 Million | $9.91 Billion | $1.75 Billion | $1.70 Billion | ▼ -3.1 pp |
| 2010 | 3.6% | $389.00 Million | $10.67 Billion | $2.47 Billion | $2.08 Billion | ▼ -0.8 pp |
| 2009 | 4.4% | $457.00 Million | $10.35 Billion | $2.25 Billion | $1.79 Billion | ▲ +5.5 pp |
| 2008 | -1.1% | $-106.00 Million | $9.60 Billion | $2.00 Billion | $2.10 Billion | ▲ +1.7 pp |
| 2007 | -2.8% | $-273.00 Million | $9.73 Billion | $1.68 Billion | $1.95 Billion | ▼ -6.0 pp |
| 2006 | 3.2% | $307.00 Million | $9.62 Billion | $2.40 Billion | $2.09 Billion | ▼ -4.7 pp |
| 2005 | 7.8% | $729.00 Million | $9.29 Billion | $2.65 Billion | $1.92 Billion | ▲ +10.8 pp |
| 2004 | -2.9% | $-234.00 Million | $7.99 Billion | $1.97 Billion | $2.20 Billion | ▲ +2.5 pp |
| 2003 | -5.4% | $-376.00 Million | $6.99 Billion | $1.43 Billion | $1.80 Billion | ▲ +3.1 pp |
| 2002 | -8.5% | $-554.00 Million | $6.54 Billion | $1.30 Billion | $1.85 Billion | ▲ +13.4 pp |
| 2001 | -21.8% | $-1.34 Billion | $6.13 Billion | $1.05 Billion | $2.39 Billion | ▼ -4.2 pp |
| 2000 | -17.7% | $-1.04 Billion | $5.87 Billion | $849.00 Million | $1.89 Billion | ▼ -8.4 pp |
| 1999 | -9.2% | $-553.00 Million | $5.98 Billion | $1.37 Billion | $1.92 Billion | ▼ -5.8 pp |
| 1998 | -3.4% | $-204.00 Million | $5.97 Billion | $913.00 Million | $1.12 Billion | ▼ -3.6 pp |
| 1997 | 0.2% | $10.00 Million | $5.49 Billion | $1.10 Billion | $1.09 Billion | ▼ -5.1 pp |
| 1996 | 5.3% | $266.50 Million | $5.03 Billion | $1.46 Billion | $1.19 Billion | ▲ +2.5 pp |
| 1995 | 2.8% | $137.00 Million | $4.88 Billion | $1.34 Billion | $1.21 Billion | ▼ -1.5 pp |
| 1994 | 4.3% | $205.70 Million | $4.74 Billion | $1.34 Billion | $1.13 Billion | ▼ -3.5 pp |
| 1993 | 7.8% | $365.60 Million | $4.68 Billion | $1.56 Billion | $1.20 Billion | ▲ +2.8 pp |
| 1992 | 5.0% | $214.70 Million | $4.29 Billion | $1.40 Billion | $1.18 Billion | ▲ +1.9 pp |
| 1991 | 3.1% | $128.50 Million | $4.15 Billion | $1.47 Billion | $1.34 Billion | ▼ -4.4 pp |
| 1990 | 7.5% | $375.00 Million | $4.98 Billion | $1.75 Billion | $1.37 Billion | ▼ -2.1 pp |
| 1989 | 9.6% | $502.90 Million | $5.24 Billion | $1.71 Billion | $1.21 Billion | ▼ -3.2 pp |
| 1988 | 12.8% | $659.70 Million | $5.15 Billion | $1.85 Billion | $1.19 Billion | ▼ -1.0 pp |
| 1987 | 13.8% | $685.00 Million | $4.98 Billion | $1.90 Billion | $1.21 Billion | ▲ +0.3 pp |
| 1986 | 13.4% | $679.90 Million | $5.07 Billion | $1.73 Billion | $1.05 Billion | ▲ +0.3 pp |
| 1985 | 13.1% | $622.60 Million | $4.76 Billion | $2.05 Billion | $1.43 Billion | — |