Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 36.82% is in line with its 5-year average of 38.79%, near the low end of its 5-year range (35.40%–42.19%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.17% below its 12-month average of 38.03%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 36.82%.
DEBT TO ASSETS RATIO
36.82%
DEBT TO ASSETS RATIO AVG TTM
38.03%
DEBT TO ASSETS RATIO AVG 3Y
39.52%
DEBT TO ASSETS RATIO AVG 5Y
38.79%
DEBT TO ASSETS RATIO AVG 10Y
34.78%
DEBT TO ASSETS RATIO AVG 15Y
32.42%
DEBT TO ASSETS RATIO AVG 20Y
30.59%
CURRENT VS TTM AVG
-3.17%
CURRENT VS 3Y AVG
-6.82%
CURRENT VS 5Y AVG
-5.08%
CURRENT VS 10Y AVG
+5.88%
CURRENT VS 15Y AVG
+13.57%
CURRENT VS 20Y AVG
+20.37%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+13796.08%
vs the sector median at left
Norfolk Southern Corporation
Market Cap
$72.62B
Debt to Assets Ratio
36.82%
TTM Avg
38.03%
3Y Avg
39.52%
5Y Avg
38.79%
Market Cap
$73.29B
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$73.72B
Debt to Assets Ratio
0.32%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$76.13B
Debt to Assets Ratio
0.50%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$76.30B
Debt to Assets Ratio
0.59%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$68.02B
Debt to Assets Ratio
0.41%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$78.10B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Norfolk Southern Corporation (NSC) | $72.62B | 36.82% | 38.03% | 39.52% | 38.79% |
| Canadian National Railway Company (CNI)vs › | $73.29B | 0.38% | N/A | N/A | N/A |
| Northrop Grumman Corporation (NOC)vs › | $73.72B | 0.32% | N/A | N/A | N/A |
| FedEx Corporation (FDX)vs › | $73.77B | 0.43% | N/A | N/A | N/A |
| Cummins Inc. (CMI)vs › | $75.90B | 0.23% | N/A | N/A | N/A |
| Bloom Energy Corporation (BE)vs › | $76.13B | 0.50% | N/A | N/A | N/A |
| Illinois Tool Works Inc. (ITW)vs › | $76.30B | 0.59% | N/A | N/A | N/A |
| Republic Services, Inc. (RSG)vs › | $68.02B | 0.41% | N/A | N/A | N/A |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.10B | 0.28% | N/A | N/A | N/A |
| Cintas Corporation (CTAS)vs › | $79.41B | 0.26% | N/A | N/A | N/A |
Debt/Assets
36.8%
Debt/Equity
1.02
Current Ratio
0.83
Interest Coverage
5.1x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 36.82% |
| 2026-03-31 | 37.91% |
| 2025-12-31 | 37.77% |
| 2025-09-30 | 38.32% |
| 2025-06-30 | 39.33% |
| 2025-03-31 | 39.30% |
| 2024-12-31 | 40.01% |
| 2024-09-30 | 39.76% |
| 2024-06-30 | 41.34% |
| 2024-03-31 | 41.74% |
| 2023-12-31 | 42.19% |
| 2023-09-30 | 40.71% |
| 2023-06-30 | 38.53% |
| 2023-03-31 | 38.26% |
| 2022-12-31 | 40.10% |
| 2022-09-30 | 38.34% |
| 2022-06-30 | 38.27% |
| 2022-03-31 | 37.71% |
| 2021-12-31 | 37.03% |
| 2021-09-30 | 35.83% |
| 2021-06-30 | 35.40% |
| 2021-03-31 | 33.26% |
| 2020-12-31 | 34.55% |
| 2020-09-30 | 33.32% |
| 2020-06-30 | 33.45% |
| 2020-03-31 | 32.61% |
| 2019-12-31 | 33.58% |
| 2019-09-30 | 31.56% |
| 2019-06-30 | 30.88% |
| 2019-03-31 | 30.77% |
| 2018-12-31 | 30.75% |
| 2018-09-30 | 30.66% |
| 2018-06-30 | 26.95% |
| 2018-03-31 | 28.45% |
| 2017-12-31 | 27.54% |
| 2017-09-30 | 28.11% |
| 2017-06-30 | 28.27% |
| 2017-03-31 | 28.79% |
| 2016-12-31 | 29.27% |
| 2016-09-30 | 29.18% |
| 2016-06-30 | 29.41% |
| 2016-03-31 | 28.11% |
| 2015-12-31 | 29.46% |
| 2015-09-30 | 28.32% |
| 2015-06-30 | 28.19% |
| 2015-03-31 | 27.25% |
| 2014-12-31 | 27.15% |
| 2014-09-30 | 26.87% |
| 2014-06-30 | 27.99% |
| 2014-03-31 | 28.61% |
| 2013-12-31 | 29.09% |
| 2013-09-30 | 28.52% |
| 2013-06-30 | 27.70% |
| 2013-03-31 | 27.73% |
| 2012-12-31 | 28.61% |
| 2012-09-30 | 28.42% |
| 2012-06-30 | 27.40% |
| 2012-03-31 | 27.29% |
| 2011-12-31 | 26.42% |
| 2011-09-30 | 24.15% |
| 2011-06-30 | 24.53% |
| 2011-03-31 | 23.86% |
| 2010-12-31 | 24.91% |
| 2010-09-30 | 24.71% |
| 2010-06-30 | 24.21% |
| 2010-03-31 | 25.34% |
| 2009-12-31 | 26.14% |
| 2009-09-30 | 26.09% |
| 2009-06-30 | 26.59% |
| 2009-03-31 | 26.12% |
| 2008-12-31 | 25.35% |
| 2008-09-30 | 24.22% |
| 2008-06-30 | 24.57% |
| 2008-03-31 | 24.53% |
| 2007-12-31 | 24.36% |
| 2007-09-30 | 23.68% |
| 2007-06-30 | 23.77% |
| 2007-03-31 | 25.10% |
| 2006-12-31 | 25.36% |
| 2006-09-30 | 25.50% |
| 2006-06-30 | 25.85% |
| 2006-03-31 | 26.29% |
| 2005-12-31 | 26.80% |
| 2005-09-30 | 27.36% |
| 2005-06-30 | 28.07% |
| 2005-03-31 | 30.14% |
| 2004-12-31 | 30.40% |
| 2004-09-30 | 30.90% |
| 2004-06-30 | 32.87% |
| 2004-03-31 | 33.42% |
| 2003-12-31 | 34.76% |
| 2003-09-30 | 34.95% |
| 2003-06-30 | 36.33% |
| 2003-03-31 | 36.65% |
| 2002-12-31 | 36.90% |
| 2002-09-30 | 37.30% |
