GATX (GATX) Debt-to-Equity

: 3.36 (As of Dec. 2023)

View and export this data going back to 1953. Start your Free Trial

GATX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11 Mil. GATX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,615 Mil. GATX's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,273 Mil. GATX's debt to equity for the quarter that ended in Dec. 2023 was 3.35.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for GATX's Debt-to-Equity or its related term are showing as below:

GATX' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.45 Med: 3.13 Max: 3.36
Current: 3.36

During the past 13 years, the highest Debt-to-Equity Ratio of GATX was 3.36. The lowest was 2.45. And the median was 3.13.

GATX's Debt-to-Equity is ranked worse than
93.66% of 931 companies
in the Business Services industry
Industry Median: 0.4 vs GATX: 3.36

GATX Debt-to-Equity Historical Data

The historical data trend for GATX's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

GATX Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.85

2.93

3.07

3.30

3.36

GATX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																3.30	3.15	3.23	3.26	3.36

Competitive Comparison

For the Rental & Leasing Services subindustry, GATX's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GATX Debt-to-Equity Distribution

For the Business Services industry and Industrials sector, GATX's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where GATX's Debt-to-Equity falls into.

GATX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GATX's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(11	+	7614.9)	/	2273
	=	3.35

GATX's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(11	+	7614.9)	/	2273
	=	3.35

GATX (NYSE:GATX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

GATX Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of GATX's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

GATX (GATX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GATX Corp (NYSE:GATX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GAX:Germany GAX:Germany

Address

233 South Wacker Drive, Chicago, IL, USA, 60606-7147

Website

https://www.gatx.com

GATX Corp is a provider of railcar leasing and maintenance services. GATX operates four business segments: rail North America, rail international, and portfolio management. The rail business offers railcar leasing and maintenance, as well as asset-related, financial, and management services. The company owns and leases fleets in North America, Europe, and Asia, which consist of tank and freight railcars. Industries served to include refining and petroleum, chemicals and plastics, railroads and other transportation, mining, and food and agriculture.

Executives

John Sbragia	officer: SVP, Engineering and Quality	233 S. WACKER DR., CHICAGO IL 60606
Kevin Hillesland	officer: SVP, Structured Finance	233 S. WACKER DR., CHICAGO IL 60606
Geoffrey Phillips	officer: Sr. VP, Operations	233 S. WACKER DR., CHICAGO IL 60606
Shelley J Bausch	director	15710 JOHN F. KENNEDY BLVD., SUITE 300, HOUSTON TX 77032
Aken Jennifer Van	officer: SVP, Treas. & Chief Risk Off.	GATX CORPORATION, 233 S. WACKER DR., CHICAGO IL 60606
Jennifer Mcmanus	officer: Sr. VP & Controller	C/O GATX CORPORATION, 233 S. WACKER DR., CHICAGO IL 60606
Paul F Titterton	officer: VP & Chief Commercial Officer	222 W. ADAMS ST., CHICAGO IL 60606
Robert C Lyons	officer: VP - Investor Relations	500 WEST MONROE ST, CHICAGO IL 60661
Jeffery R. Young	officer: Vice President, Tax	222 W. ADAMS ST., CHICAGO IL 60606
Thomas A. Ellman	officer: EVP & Pres., Rail N. America	222 W. ADAMS ST., CHICAGO IL 60606
Brian L Glassberg	officer: EVP, General Counsel & Secy.	GATX CORPORATION, 233 S. WACKER DR., CHICAGO IL 60606
Deborah A Golden	officer: Sr. VP, Gen. Couns. & Sec'y	500 WEST MONROE STREET, CHICAGO IL 60661
Brian A Kenney	director, officer: Chairman, President and CEO	GATX CORP, 500 WEST MONROE STREET, CHICAGO IL 60661
Necati Gokce Tezel	officer: Sr. VP and Pres., Rail Intl.	222 W. ADAMS ST., CHICAGO IL 60606
Robert Zmudka	officer: Sr. VP & Chief Comm. Off.	222 W. ADAMS ST., CHICAGO IL 60606