Norfolk Southern Balance Sheet
NYSE: NSCIndustrialsRailroadsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Norfolk Southern financial position
At the end of fiscal 2025, Norfolk Southern reported total assets of $45.24 billion, up 3.6% from a year earlier against total liabilities of $29.69 billion. Shareholders' equity stood at $15.55 billion, or 34.4% of assets. The company held $1.53 billion in cash and equivalents against $17.09 billion of debt, a net debt position of $15.56 billion.
The current ratio (current assets divided by current liabilities) was 0.85, meaning short-term obligations exceed short-term assets. Debt-to-equity was 1.10.
Summary generated from market data by MetaCap's automated system. Methodology
Norfolk Southern balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.53B | 1.64B | 1.57B | 456.00M | 839.00M | 1.11B | 580.00M | 358.00M | 690.00M | 956.00M |
| Receivables | 988.00M | 1.07B | 1.15B | 1.15B | 976.00M | 848.00M | 920.00M | 1.01B | 955.00M | 945.00M |
| Total Current Assets | 3.20B | 3.19B | 3.27B | 2.01B | 2.17B | 2.32B | 2.08B | 1.86B | 2.15B | 2.29B |
| Property, Plant & Equipment | 36.48B | 35.83B | 33.33B | 32.16B | 31.65B | 31.34B | 31.61B | 31.09B | 30.33B | 29.75B |
| Long-Term Investments | 4.09B | 3.37B | 3.84B | 3.69B | 3.71B | 3.59B | 3.43B | 3.11B | 2.98B | 2.78B |
| Total Assets | 45.24B | 43.68B | 41.65B | 38.88B | 38.49B | 37.96B | 37.92B | 36.24B | 35.71B | 34.89B |
| Accounts Payable | 1.86B | 1.70B | 1.64B | 1.29B | 1.35B | 1.02B | 1.43B | 1.50B | 1.40B | 1.22B |
| Short-Term Debt | 607.00M | 555.00M | 4.00M | 703.00M | 553.00M | 579.00M | 316.00M | 585.00M | 700.00M | 650.00M |
| Total Current Liabilities | 3.77B | 3.54B | 2.63B | 2.65B | 2.52B | 2.16B | 2.30B | 2.59B | 2.54B | 2.34B |
| Long-Term Debt | 16.48B | 16.65B | 17.18B | 14.48B | 13.29B | 12.10B | 11.88B | 10.56B | 9.14B | 9.56B |
| Total Liabilities | 29.69B | 29.38B | 28.87B | 26.15B | 24.85B | 23.17B | 22.74B | 20.88B | 19.35B | 22.48B |
| Shareholders' Equity | 15.55B | 14.31B | 12.78B | 12.73B | 13.64B | 14.79B | 15.18B | 15.36B | 16.36B | 12.41B |
| Retained Earnings | 13.23B | 12.09B | 10.70B | 10.70B | 11.59B | 12.88B | 13.21B | 13.44B | 14.18B | 10.43B |
| Total Debt | 17.09B | 17.21B | 17.18B | 15.18B | 13.84B | 12.68B | 12.20B | 11.14B | 9.84B | 10.21B |
| Net Cash (Debt) | -15.56B | -15.56B | -15.61B | -14.73B | -13.00B | -11.57B | -11.62B | -10.79B | -9.15B | -9.26B |
| Shares Outstanding | 224.42M | 226.32M | 225.68M | 228.08M | 240.16M | 252.10M | 257.90M | 268.10M | 284.16M | 290.42M |
This table shows 10 annual periods of Norfolk Southern's balance sheet, from FY 2025 back to FY 2016, across 17 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow NSC's reporting calendar. What is a balance sheet?