Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Union Pacific Corp., solvency ratios
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Union Pacific Corp. debt to equity ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Union Pacific Corp. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Union Pacific Corp. debt to capital ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Union Pacific Corp. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Union Pacific Corp. debt to assets ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Union Pacific Corp. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Union Pacific Corp. financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Union Pacific Corp. interest coverage ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Union Pacific Corp. fixed charge coverage ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Debt to Equity
Union Pacific Corp., debt to equity calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt due within one year | 1,423) | 1,678) | 2,166) | 1,069) | 1,257) | |
| Debt due after one year | 31,156) | 31,648) | 27,563) | 25,660) | 23,943) | |
| Total debt | 32,579) | 33,326) | 29,729) | 26,729) | 25,200) | |
| Common shareholders’ equity | 14,788) | 12,163) | 14,161) | 16,958) | 18,128) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 2.20 | 2.74 | 2.10 | 1.58 | 1.39 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| FedEx Corp. | 0.79 | 0.81 | 0.86 | 1.20 | 0.99 | |
| Uber Technologies Inc. | 0.89 | 1.32 | 0.66 | 0.64 | 0.43 | |
| United Parcel Service Inc. | 1.29 | 0.99 | 1.54 | 37.53 | 7.73 | |
| Debt to Equity, Sector | ||||||
| Transportation | 1.23 | 1.29 | 1.22 | 1.69 | 1.39 | |
| Debt to Equity, Industry | ||||||
| Industrials | 1.40 | 1.30 | 1.22 | 1.68 | 1.79 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to equity = Total debt ÷ Common shareholders’ equity
= 32,579 ÷ 14,788 = 2.20
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Union Pacific Corp. debt to equity ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Equity (including Operating Lease Liability)
Union Pacific Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt due within one year | 1,423) | 1,678) | 2,166) | 1,069) | 1,257) | |
| Debt due after one year | 31,156) | 31,648) | 27,563) | 25,660) | 23,943) | |
| Total debt | 32,579) | 33,326) | 29,729) | 26,729) | 25,200) | |
| Current operating lease liabilities | 355) | 331) | 330) | 321) | 362) | |
| Noncurrent operating lease liabilities | 1,245) | 1,300) | 1,429) | 1,283) | 1,471) | |
| Total debt (including operating lease liability) | 34,179) | 34,957) | 31,488) | 28,333) | 27,033) | |
| Common shareholders’ equity | 14,788) | 12,163) | 14,161) | 16,958) | 18,128) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 2.31 | 2.87 | 2.22 | 1.67 | 1.49 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 1.47 | 1.49 | 1.51 | 1.97 | 0.99 | |
| Uber Technologies Inc. | 1.04 | 1.58 | 0.79 | 0.78 | 0.55 | |
| United Parcel Service Inc. | 1.54 | 1.19 | 1.79 | 42.24 | 8.62 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Transportation | 1.60 | 1.67 | 1.56 | 2.11 | 1.51 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Industrials | 1.57 | 1.45 | 1.36 | 1.83 | 1.89 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Common shareholders’ equity
= 34,179 ÷ 14,788 = 2.31
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Union Pacific Corp. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Capital
Union Pacific Corp., debt to capital calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt due within one year | 1,423) | 1,678) | 2,166) | 1,069) | 1,257) | |
| Debt due after one year | 31,156) | 31,648) | 27,563) | 25,660) | 23,943) | |
| Total debt | 32,579) | 33,326) | 29,729) | 26,729) | 25,200) | |
| Common shareholders’ equity | 14,788) | 12,163) | 14,161) | 16,958) | 18,128) | |
| Total capital | 47,367) | 45,489) | 43,890) | 43,687) | 43,328) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.69 | 0.73 | 0.68 | 0.61 | 0.58 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| FedEx Corp. | 0.44 | 0.45 | 0.46 | 0.55 | 0.50 | |
| Uber Technologies Inc. | 0.47 | 0.57 | 0.40 | 0.39 | 0.30 | |
| United Parcel Service Inc. | 0.56 | 0.50 | 0.61 | 0.97 | 0.89 | |
| Debt to Capital, Sector | ||||||
| Transportation | 0.55 | 0.56 | 0.55 | 0.63 | 0.58 | |
| Debt to Capital, Industry | ||||||
| Industrials | 0.58 | 0.57 | 0.55 | 0.63 | 0.64 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 32,579 ÷ 47,367 = 0.69
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Union Pacific Corp. debt to capital ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Capital (including Operating Lease Liability)
Union Pacific Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt due within one year | 1,423) | 1,678) | 2,166) | 1,069) | 1,257) | |
| Debt due after one year | 31,156) | 31,648) | 27,563) | 25,660) | 23,943) | |
| Total debt | 32,579) | 33,326) | 29,729) | 26,729) | 25,200) | |
| Current operating lease liabilities | 355) | 331) | 330) | 321) | 362) | |
| Noncurrent operating lease liabilities | 1,245) | 1,300) | 1,429) | 1,283) | 1,471) | |
| Total debt (including operating lease liability) | 34,179) | 34,957) | 31,488) | 28,333) | 27,033) | |
| Common shareholders’ equity | 14,788) | 12,163) | 14,161) | 16,958) | 18,128) | |
| Total capital (including operating lease liability) | 48,967) | 47,120) | 45,649) | 45,291) | 45,161) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.70 | 0.74 | 0.69 | 0.63 | 0.60 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 0.60 | 0.60 | 0.60 | 0.66 | 0.50 | |
| Uber Technologies Inc. | 0.51 | 0.61 | 0.44 | 0.44 | 0.35 | |
| United Parcel Service Inc. | 0.61 | 0.54 | 0.64 | 0.98 | 0.90 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Transportation | 0.62 | 0.63 | 0.61 | 0.68 | 0.60 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.61 | 0.59 | 0.58 | 0.65 | 0.65 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 34,179 ÷ 48,967 = 0.70
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Union Pacific Corp. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Assets
Union Pacific Corp., debt to assets calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt due within one year | 1,423) | 1,678) | 2,166) | 1,069) | 1,257) | |
| Debt due after one year | 31,156) | 31,648) | 27,563) | 25,660) | 23,943) | |
| Total debt | 32,579) | 33,326) | 29,729) | 26,729) | 25,200) | |
| Total assets | 67,132) | 65,449) | 63,525) | 62,398) | 61,673) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.49 | 0.51 | 0.47 | 0.43 | 0.41 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| FedEx Corp. | 0.24 | 0.24 | 0.25 | 0.30 | 0.32 | |
| Uber Technologies Inc. | 0.26 | 0.30 | 0.25 | 0.24 | 0.19 | |
| United Parcel Service Inc. | 0.31 | 0.28 | 0.32 | 0.40 | 0.44 | |
| Debt to Assets, Sector | ||||||
| Transportation | 0.32 | 0.33 | 0.32 | 0.35 | 0.36 | |
| Debt to Assets, Industry | ||||||
| Industrials | 0.29 | 0.29 | 0.29 | 0.32 | 0.32 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 32,579 ÷ 67,132 = 0.49
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Union Pacific Corp. debt to assets ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Assets (including Operating Lease Liability)
Union Pacific Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt due within one year | 1,423) | 1,678) | 2,166) | 1,069) | 1,257) | |
| Debt due after one year | 31,156) | 31,648) | 27,563) | 25,660) | 23,943) | |
| Total debt | 32,579) | 33,326) | 29,729) | 26,729) | 25,200) | |
| Current operating lease liabilities | 355) | 331) | 330) | 321) | 362) | |
| Noncurrent operating lease liabilities | 1,245) | 1,300) | 1,429) | 1,283) | 1,471) | |
| Total debt (including operating lease liability) | 34,179) | 34,957) | 31,488) | 28,333) | 27,033) | |
| Total assets | 67,132) | 65,449) | 63,525) | 62,398) | 61,673) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.51 | 0.53 | 0.50 | 0.45 | 0.44 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| FedEx Corp. | 0.44 | 0.43 | 0.44 | 0.49 | 0.32 | |
| Uber Technologies Inc. | 0.30 | 0.36 | 0.29 | 0.29 | 0.24 | |
| United Parcel Service Inc. | 0.38 | 0.33 | 0.37 | 0.44 | 0.49 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Transportation | 0.42 | 0.42 | 0.41 | 0.44 | 0.39 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Industrials | 0.33 | 0.33 | 0.32 | 0.35 | 0.34 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 34,179 ÷ 67,132 = 0.51
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Union Pacific Corp. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Financial Leverage
Union Pacific Corp., financial leverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 67,132) | 65,449) | 63,525) | 62,398) | 61,673) | |
| Common shareholders’ equity | 14,788) | 12,163) | 14,161) | 16,958) | 18,128) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 4.54 | 5.38 | 4.49 | 3.68 | 3.40 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| FedEx Corp. | 3.34 | 3.45 | 3.43 | 4.02 | 3.06 | |
| Uber Technologies Inc. | 3.44 | 4.37 | 2.68 | 2.71 | 2.24 | |
| United Parcel Service Inc. | 4.09 | 3.59 | 4.87 | 94.99 | 17.71 | |
| Financial Leverage, Sector | ||||||
| Transportation | 3.80 | 3.97 | 3.80 | 4.81 | 3.86 | |
| Financial Leverage, Industry | ||||||
| Industrials | 4.76 | 4.44 | 4.27 | 5.25 | 5.63 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Financial leverage = Total assets ÷ Common shareholders’ equity
= 67,132 ÷ 14,788 = 4.54
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Union Pacific Corp. financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level. |
Interest Coverage
Union Pacific Corp., interest coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income | 6,379) | 6,998) | 6,523) | 5,349) | 5,919) | |
| Add: Income tax expense | 1,854) | 2,074) | 1,955) | 1,631) | 1,828) | |
| Add: Interest expense | 1,340) | 1,271) | 1,157) | 1,141) | 1,050) | |
| Earnings before interest and tax (EBIT) | 9,573) | 10,343) | 9,635) | 8,121) | 8,797) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 7.14 | 8.14 | 8.33 | 7.12 | 8.38 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| FedEx Corp. | 8.73 | 8.11 | 9.42 | 3.48 | 2.11 | |
| Uber Technologies Inc. | 4.74 | -15.49 | -1.20 | -14.24 | -14.15 | |
| United Parcel Service Inc. | 11.92 | 22.06 | 24.91 | 3.63 | 9.66 | |
| Interest Coverage, Sector | ||||||
| Transportation | 8.11 | 7.03 | 10.81 | 2.18 | 2.96 | |
| Interest Coverage, Industry | ||||||
| Industrials | 7.17 | 5.71 | 6.21 | 2.23 | 4.59 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= 9,573 ÷ 1,340 = 7.14
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Union Pacific Corp. interest coverage ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Fixed Charge Coverage
Union Pacific Corp., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income | 6,379) | 6,998) | 6,523) | 5,349) | 5,919) | |
| Add: Income tax expense | 1,854) | 2,074) | 1,955) | 1,631) | 1,828) | |
| Add: Interest expense | 1,340) | 1,271) | 1,157) | 1,141) | 1,050) | |
| Earnings before interest and tax (EBIT) | 9,573) | 10,343) | 9,635) | 8,121) | 8,797) | |
| Add: Operating lease cost | 369) | 338) | 303) | 317) | 328) | |
| Earnings before fixed charges and tax | 9,942) | 10,681) | 9,938) | 8,438) | 9,125) | |
| Interest expense | 1,340) | 1,271) | 1,157) | 1,141) | 1,050) | |
| Operating lease cost | 369) | 338) | 303) | 317) | 328) | |
| Fixed charges | 1,709) | 1,609) | 1,460) | 1,458) | 1,378) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 5.82 | 6.64 | 6.81 | 5.79 | 6.62 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| FedEx Corp. | 2.34 | 2.29 | 2.83 | 1.50 | 1.19 | |
| Uber Technologies Inc. | 3.48 | -9.72 | -0.36 | -6.43 | -8.62 | |
| United Parcel Service Inc. | 6.21 | 11.30 | 12.66 | 2.31 | 5.36 | |
| Fixed Charge Coverage, Sector | ||||||
| Transportation | 3.96 | 3.53 | 5.20 | 1.49 | 1.80 | |
| Fixed Charge Coverage, Industry | ||||||
| Industrials | 4.60 | 3.68 | 4.04 | 1.71 | 3.07 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 9,942 ÷ 1,709 = 5.82
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Union Pacific Corp. fixed charge coverage ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |