GATX Corporation (GATX)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,273,000K
= 0.00

The debt-to-equity ratio of GATX Corp. has fluctuated over the past eight quarters, ranging from 3.02 to 3.28. This ratio indicates that the company has consistently maintained a higher proportion of debt relative to equity in its capital structure during this period.

In general, a high debt-to-equity ratio suggests that GATX Corp. relies more on debt financing than equity financing to fund its operations and growth. While the trend shows some variability, the overall pattern indicates a relatively high level of leverage in the company's capital structure.

It is important for stakeholders to closely monitor GATX Corp.'s debt-to-equity ratio over time, as significant changes can impact the company's financial stability and risk profile. This analysis highlights the importance of understanding the balance between debt and equity in evaluating the financial health and risk exposure of GATX Corp.