GATX Corporation (GATX)

Debt-to-equity 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-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, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,438,900K
= 0.00

GATX Corporation has consistently maintained a debt-to-equity ratio of 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its operations or investments during this period. A debt-to-equity ratio of 0.00 typically signifies that the company relies solely on equity funding for its activities, suggesting a strong financial position with minimal risk of default.

While a low debt-to-equity ratio may imply conservative financial management, it is important to note that relying solely on equity financing may limit the company's ability to take advantage of potential growth opportunities that could be financed through debt. Additionally, a continuous ratio of 0.00 over multiple periods raises questions about the company's capital structure strategy and its optimal mix of debt and equity to maximize shareholder value.