GATX Corporation (GATX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 1,835,100 | 1,786,500 | 1,834,800 | 1,809,200 |
| 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, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,273,000K)
= 0.00
The debt-to-capital ratio of GATX Corp. has been relatively stable over the past eight quarters, ranging from 0.75 to 0.77. As of Q4 2023, the ratio stands at 0.76, indicating that 76% of the company's capital structure is financed through debt. This suggests that GATX relies more on debt financing compared to equity financing. The consistency in the ratio over time implies that the company has maintained a consistent balance between debt and equity in its capital structure. It is important for investors to monitor this ratio to assess the company's leverage and financial risk.
Peer comparison
Dec 31, 2023