GATX Corporation (GATX)

Current ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total current assets US$ in thousands 612,600 583,800 466,100 431,200 306,500
Total current liabilities US$ in thousands 11,000 17,300 18,100 23,600 15,800
Current ratio 55.69 33.75 25.75 18.27 19.40

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $612,600K ÷ $11,000K
= 55.69

The current ratio of GATX Corp. has shown variability over the past five years. The ratio dipped in 2021 to 2.58, indicating a decrease in short-term liquidity compared to the previous year. However, it rebounded in 2022 and 2023 to 3.13 and 3.02, respectively, suggesting an improvement in the company's ability to meet its short-term obligations using current assets.

Overall, the company's current ratio has generally been above 2, which is considered a healthy benchmark for most industries. This indicates that GATX Corp. has a strong ability to cover its short-term liabilities with its current assets. In particular, the ratios in 2022 and 2023 demonstrate a solid liquidity position, providing a cushion for any unexpected financial challenges.


Peer comparison

Dec 31, 2023