GATX Corporation (GATX)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,438,900 | 2,436,700 | 2,343,400 | 2,324,300 | 2,273,000 | 2,174,500 | 2,178,900 | 2,101,500 | 2,029,600 | 1,940,500 | 1,981,500 | 2,060,800 | 2,019,200 | 1,976,900 | 1,971,400 | 1,960,000 | 1,957,400 | 1,930,000 | 1,875,300 | 1,831,000 |
| Debt-to-capital 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, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,438,900K)
= 0.00
As per the data provided, GATX Corporation maintained a consistent debt-to-capital ratio of 0.00 throughout the periods from March 31, 2020, to December 31, 2024. The ratio of 0.00 indicates that the company had no debt relative to its capital structure during these periods. A debt-to-capital ratio of 0.00 is an extremely favorable indication as it suggests that GATX Corporation funded its operations primarily through equity and retained earnings rather than relying on debt financing. The company's ability to operate with minimal debt can signify financial stability, lower financial risk, and possibly higher flexibility in managing its capital structure and financial obligations.
Peer comparison
Dec 31, 2024