GATX Corporation (GATX)

Quick 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
Cash	US$ in thousands	401,600	503,700	823,600	479,100	450,700	203,100	317,500	177,400	303,700	596,300	180,300	649,300	344,300	566,000	417,900	958,900	292,200	459,800	492,900	570,700
Short-term investments	US$ in thousands	—	—	—	—	0	0	0	0	148,500	604,300	596,500	400	0	2,400	3,200	4,600	5,600	6,900	8,200	8,300
Receivables	US$ in thousands	199,100	93,900	96,900	96,300	87,900	75,200	70,000	70,800	71,400	71,900	68,400	69,900	69,800	75,200	83,300	81,800	74,700	70,600	71,400	76,900
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
Quick ratio		57.76	53.84	86.03	53.28	48.96	22.63	35.55	12.23	30.27	78.07	42.26	38.69	22.88	31.09	28.18	53.33	15.78	39.80	97.03	2.38

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($401,600K + $—K + $199,100K) ÷ $10,400K
= 57.76

The quick ratio of GATX Corporation has varied over the period from March 31, 2020, to December 31, 2024. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets.

From the data provided, we observe that the quick ratio fluctuated significantly, ranging from a low of 12.23 on March 31, 2023, to a high of 97.03 on June 30, 2020. These fluctuations suggest changes in the company's liquidity and ability to quickly cover its current liabilities.

It is important to note that a quick ratio above 1 indicates that the company's current assets, excluding inventory, are sufficient to cover its current liabilities. Therefore, a quick ratio above 1 is generally considered healthy.

The trend in GATX Corporation's quick ratio shows periods of strong liquidity, where the company had more than enough liquid assets to cover its short-term obligations. However, there are also instances where the quick ratio fell below 1, indicating potential liquidity challenges.

Overall, the quick ratio trend suggests that GATX Corporation's liquidity position has been somewhat volatile over the period under review, and investors and analysts may want to further investigate the underlying reasons for these fluctuations.