Analysis of Debt
Total Debt (Carrying Amount)
CSX Corp., balance sheet: debt
US$ in millions
Based on: 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), 10-K (reporting date: 2018-12-31).
Total long-term debt carrying amounts exhibited a general upward trajectory between 2018 and 2022, increasing from 14,757 million US$ to 18,047 million US$. Although a slight contraction occurred in 2021, the overall five-year period is characterized by a steady expansion of the total debt burden.
- Total Debt Trend
- The total carrying amount of long-term debt grew by approximately 22.3% over the analyzed period. Significant increases were observed between 2018 and 2019, and more prominently between 2021 and 2022, where the balance rose by 1,681 million US$ within a single fiscal year.
- Current Maturity Analysis
- Current maturities of long-term debt showed substantial volatility. Obligations rose from a negligible 18 million US$ in 2018 to a peak of 401 million US$ in 2020, before moderating to 151 million US$ by the end of 2022. This volatility indicates fluctuations in the short-term repayment schedule of the company's debt portfolio.
- Debt Structure and Composition
- The debt profile is heavily weighted toward long-term obligations. Debt excluding the current portion increased from 14,739 million US$ in 2018 to 17,896 million US$ in 2022. The minimal proportion of current maturities relative to the total long-term debt suggests a financing strategy focused on long-term capital rather than short-term borrowing.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Total Debt (Fair Value)
| Dec 31, 2022 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Total long-term debt, including current maturities (fair value) | 16,135) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.89 |
Based on: 10-K (reporting date: 2022-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 4.22%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 4.20% | 17,877) | 751) | |
| 6.20% | 141) | 9) | |
| 6.00% | 29) | 2) | |
| Total | 18,047) | 761) | |
| 4.22% | |||
Based on: 10-K (reporting date: 2022-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 761 ÷ 18,047 = 4.22%