GATX Corporation (GATX)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 11,326,000 | 10,647,500 | 10,590,100 | 10,048,100 | 10,072,000 | 9,875,400 | 9,524,200 | 9,908,600 | 9,541,700 | 9,586,300 | 9,400,500 | 9,915,300 | 8,937,600 | 8,690,300 | 8,512,700 | 8,717,900 | 7,994,000 | 8,090,900 | 8,353,100 | 8,240,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,326,000K
= 0.00
GATX Corp.'s debt-to-assets ratio has remained relatively stable around the 0.64 to 0.65 range over the past eight quarters. This indicates that the company typically finances about 64% to 65% of its total assets through debt. The consistency of this ratio suggests that GATX manages its debt levels in a prudent manner and has a balanced approach to its capital structure. Additionally, the slight variations in the ratio from quarter to quarter are likely reflective of normal business operations and are not indicative of any significant financial risks. Overall, GATX appears to have a healthy level of debt relative to its total assets, maintaining a sound financial position.
Peer comparison
Dec 31, 2023