GATX Corporation (GATX)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 401,600 | 450,700 | 303,700 | 344,300 | 292,200 |
| Short-term investments | US$ in thousands | — | 0 | 148,500 | 0 | 5,600 |
| Total current liabilities | US$ in thousands | 10,400 | 11,000 | 17,300 | 18,100 | 23,600 |
| Cash ratio | 38.62 | 40.97 | 26.14 | 19.02 | 12.62 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($401,600K
+ $—K)
÷ $10,400K
= 38.62
The cash ratio of GATX Corporation has shown a consistent upward trend over the past five years. It was 12.62 in December 31, 2020, and increased to 19.02 by December 31, 2021. Subsequently, the ratio continued to rise to 26.14 in December 31, 2022, and further increased to 40.97 by December 31, 2023. However, the cash ratio slightly decreased to 38.62 by December 31, 2024, but still remains at a relatively high level compared to the earlier years. This indicates that GATX Corporation has been able to improve its liquidity position and increase its ability to cover short-term obligations with its available cash reserves.
Peer comparison
Dec 31, 2024