GATX Corporation (GATX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 12,296,500 | 11,326,000 | 10,072,000 | 9,541,700 | 8,937,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $12,296,500K
= 0.00
The debt-to-assets ratio for GATX Corporation has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company is entirely funded by equity or internal funds, which can be seen as a sign of financial stability and strength. However, it is important to note that while a low debt-to-assets ratio may indicate lower financial risk, it could also mean missed opportunities for leveraging debt for potential growth or tax benefits. Overall, GATX Corporation's consistent 0.00 debt-to-assets ratio reflects a conservative approach to capital structure and financial management.
Peer comparison
Dec 31, 2024