GATX Corporation (GATX)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,438,900 | 2,273,000 | 2,029,600 | 2,019,200 | 1,957,400 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,438,900K
= 0.00
The debt-to-equity ratio of GATX Corporation has remained consistently at 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not used any debt to finance its operations during this period, relying solely on equity funding. A debt-to-equity ratio of 0.00 typically signifies a conservative financial structure, as the absence of debt means the company is not taking on financial leverage to grow its business. GATX's stable and low debt-to-equity ratio suggests a low-risk approach to capital structure, emphasizing financial stability and potential flexibility in managing financial obligations. The company's ability to operate without significant debt obligations can be advantageous in times of economic uncertainty or volatility.
Peer comparison
Dec 31, 2024