GATX Corporation (GATX)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	672,500	597,600	920,500	575,400	612,600	278,300	387,500	248,200	583,800	668,200	248,700	719,200	466,100	641,200	501,200	1,040,700	431,200	530,400	564,300	647,600
Total current liabilities	US$ in thousands	10,400	11,100	10,700	10,800	11,000	12,300	10,900	20,300	17,300	16,300	20,000	18,600	18,100	20,700	17,900	19,600	23,600	13,500	5,900	275,500
Current ratio		64.66	53.84	86.03	53.28	55.69	22.63	35.55	12.23	33.75	40.99	12.44	38.67	25.75	30.98	28.00	53.10	18.27	39.29	95.64	2.35

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 fluctuated over the analyzed period, ranging from a low of 12.23 to a high of 95.64. The current ratio indicates the company's ability to cover its short-term obligations using its current assets.

In general, a current ratio above 1 signifies that a company can meet its short-term liabilities with its short-term assets. GATX Corporation consistently maintained a current ratio above 1 throughout the period, indicating a healthy liquidity position.

The current ratio peaked in June 2020 at 95.64, which could be an anomaly or a result of specific factors influencing that particular period. On the other hand, the lowest current ratio of 12.23 was recorded in March 2023, which may signal potential liquidity concerns.

Overall, GATX Corporation's current ratio fluctuated significantly over the period but generally maintained above the critical threshold of 1, demonstrating a reasonable ability to meet its short-term obligations with its current assets. It would be essential for stakeholders to further investigate the factors behind the fluctuations to gain a deeper understanding of the company's liquidity position.