GATX Corporation (GATX)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	672,500	612,600	583,800	466,100	431,200
Total current liabilities	US$ in thousands	10,400	11,000	17,300	18,100	23,600
Current ratio		64.66	55.69	33.75	25.75	18.27

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $672,500K ÷ $10,400K
= 64.66

The current ratio of GATX Corporation has exhibited a consistent increasing trend over the past five years, reflecting a very strong liquidity position. The ratio, which measures the company's ability to cover its short-term obligations with its current assets, has shown significant improvement from 18.27 in 2020 to 64.66 in 2024.

This steady increase indicates that GATX has ample current assets relative to its current liabilities, suggesting a robust financial position and strong capability to meet its short-term financial obligations. The current ratio well above 1 also indicates a healthy liquidity position, giving the company flexibility in managing its short-term financial needs.

Overall, the upward trajectory of GATX's current ratio signifies a positive trend in the company's liquidity management and financial health, providing a favorable outlook for its ability to navigate short-term financial challenges.