• CSX average debt/equity ratio for 2023 was 1.48, a 12.98% decline from 2022.
• CSX average debt/equity ratio for 2022 was 1.31, a 7.38% increase from 2021.
• CSX average debt/equity ratio for 2021 was 1.22, a 6.87% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.