GATX Accumulated Depreciation vs Long Term Debt Analysis

GATX Stock  USD 162.32  2.35  1.43%   
GATX financial indicator trend analysis is much more than just examining GATX latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether GATX is a good investment. Please check the relationship between GATX Accumulated Depreciation and its Long Term Debt accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GATX Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Accumulated Depreciation vs Long Term Debt

Accumulated Depreciation vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GATX Accumulated Depreciation account and Long Term Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between GATX's Accumulated Depreciation and Long Term Debt is -0.78. Overlapping area represents the amount of variation of Accumulated Depreciation that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of GATX Corporation, assuming nothing else is changed. The correlation between historical values of GATX's Accumulated Depreciation and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accumulated Depreciation of GATX Corporation are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Accumulated Depreciation i.e., GATX's Accumulated Depreciation and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.78
Relationship DirectionNegative 
Relationship StrengthWeak

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation for GATX Corporation fixed asset that has been charged to GATX expense since that asset was acquired and made available for GATX use. The accumulated depreciation account is GATX asset account with a credit balance. It is also known as a contra asset account and appears on the balance sheet as a reduction from the gross amount of fixed assets reported by GATX.

Long Term Debt

Long-term debt is a debt that GATX has held for over one year. Long-term debt appears on GATX Corporation balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on GATX Corporation balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from GATX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into GATX current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GATX Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
At this time, GATX's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to rise to 13.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 145.7 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit539.2M572.6M1.3B673.6M
Total Revenue1.3B1.3B1.4B1.3B

GATX fundamental ratios Correlations

0.72-0.55-0.180.970.790.870.810.490.8-0.260.57-0.82-0.761.00.41-0.861.00.72-0.250.280.790.79-0.160.710.59
0.72-0.50.140.670.920.860.890.620.910.050.66-0.75-0.830.70.4-0.790.720.9-0.20.250.660.51-0.160.450.73
-0.55-0.50.03-0.47-0.52-0.51-0.51-0.37-0.520.23-0.560.370.52-0.56-0.120.41-0.56-0.64-0.01-0.85-0.51-0.170.23-0.17-0.34
-0.180.140.03-0.20.00.02-0.08-0.04-0.010.36-0.060.240.14-0.230.140.23-0.170.120.160.320.13-0.19-0.15-0.25-0.18
0.970.67-0.47-0.20.740.850.810.40.75-0.270.46-0.83-0.770.950.42-0.870.940.64-0.340.240.710.77-0.160.710.56
0.790.92-0.520.00.740.750.970.711.0-0.020.74-0.83-0.860.780.27-0.90.80.96-0.220.190.730.68-0.260.630.74
0.870.86-0.510.020.850.750.780.390.75-0.120.46-0.76-0.770.860.58-0.760.870.7-0.280.330.690.56-0.040.480.65
0.810.89-0.51-0.080.810.970.780.570.96-0.030.61-0.9-0.950.790.35-0.950.80.9-0.340.180.640.65-0.160.610.8
0.490.62-0.37-0.040.40.710.390.570.71-0.110.95-0.41-0.40.5-0.14-0.50.520.730.20.040.650.56-0.490.50.36
0.80.91-0.52-0.010.751.00.750.960.71-0.060.74-0.84-0.850.790.24-0.910.810.96-0.240.190.740.71-0.270.650.73
-0.260.050.230.36-0.27-0.02-0.12-0.03-0.11-0.06-0.170.31-0.06-0.290.360.23-0.250.080.56-0.22-0.42-0.440.48-0.540.01
0.570.66-0.56-0.060.460.740.460.610.950.74-0.17-0.45-0.450.57-0.09-0.530.590.780.220.250.680.55-0.470.490.38
-0.82-0.750.370.24-0.83-0.83-0.76-0.9-0.41-0.840.31-0.450.83-0.81-0.20.98-0.8-0.680.58-0.11-0.63-0.780.03-0.8-0.77
-0.76-0.830.520.14-0.77-0.86-0.77-0.95-0.4-0.85-0.06-0.450.83-0.74-0.520.87-0.74-0.80.36-0.2-0.47-0.450.02-0.41-0.86
1.00.7-0.56-0.230.950.780.860.790.50.79-0.290.57-0.81-0.740.37-0.851.00.71-0.250.290.790.79-0.150.720.58
0.410.4-0.120.140.420.270.580.35-0.140.240.36-0.09-0.2-0.520.37-0.220.40.27-0.110.050.11-0.070.08-0.210.46
-0.86-0.790.410.23-0.87-0.9-0.76-0.95-0.5-0.910.23-0.530.980.87-0.85-0.22-0.84-0.770.47-0.11-0.67-0.80.1-0.8-0.75
1.00.72-0.56-0.170.940.80.870.80.520.81-0.250.59-0.8-0.741.00.4-0.840.74-0.220.290.810.79-0.170.70.58
0.720.9-0.640.120.640.960.70.90.730.960.080.78-0.68-0.80.710.27-0.770.74-0.050.340.720.54-0.280.460.68
-0.25-0.2-0.010.16-0.34-0.22-0.28-0.340.2-0.240.560.220.580.36-0.25-0.110.47-0.22-0.050.03-0.26-0.330.19-0.41-0.46
0.280.25-0.850.320.240.190.330.180.040.19-0.220.25-0.11-0.20.290.05-0.110.290.340.030.36-0.03-0.16-0.010.03
0.790.66-0.510.130.710.730.690.640.650.74-0.420.68-0.63-0.470.790.11-0.670.810.72-0.260.360.78-0.490.710.46
0.790.51-0.17-0.190.770.680.560.650.560.71-0.440.55-0.78-0.450.79-0.07-0.80.790.54-0.33-0.030.78-0.260.980.38
-0.16-0.160.23-0.15-0.16-0.26-0.04-0.16-0.49-0.270.48-0.470.030.02-0.150.080.1-0.17-0.280.19-0.16-0.49-0.26-0.230.04
0.710.45-0.17-0.250.710.630.480.610.50.65-0.540.49-0.8-0.410.72-0.21-0.80.70.46-0.41-0.010.710.98-0.230.34
0.590.73-0.34-0.180.560.740.650.80.360.730.010.38-0.77-0.860.580.46-0.750.580.68-0.460.030.460.380.040.34
Click cells to compare fundamentals

GATX Account Relationship Matchups

GATX fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.3B8.9B9.5B10.1B11.3B6.1B
Short Long Term Debt Total5.2B5.7B6.2B6.7B7.6B8.0B
Other Current Liab188.9M43.9M(403.8M)(524.2M)2.8M2.9M
Total Current Liabilities204.7M170.9M233.9M219.5M311.3M318.2M
Total Stockholder Equity1.8B2.0B2.0B2.0B2.3B1.2B
Property Plant And Equipment Net6.9B7.5B8.1B8.5B9.7B10.1B
Net Debt5.1B5.4B5.8B6.4B7.2B3.6B
Retained Earnings2.6B2.7B2.8B2.8B3.0B3.2B
Cash151M292.2M344.3M303.7M450.7M473.2M
Non Current Assets Total7.6B8.5B9.0B9.4B10.6B11.1B
Non Currrent Assets Other80.2M(732.5M)(736M)(800.1M)(107.5M)(112.9M)
Cash And Short Term Investments151M292.2M344.3M452.2M450.7M473.2M
Net Receivables150M142.2M163.8M162M218.4M207.5M
Common Stock Shares Outstanding36.4M35.4M36M35.9M35.7M36.0M
Liabilities And Stockholders Equity8.3B8.9B9.5B10.1B11.3B6.1B
Non Current Liabilities Total6.2B6.8B7.3B7.8B8.5B4.6B
Inventory63.7M59.4M64.3M60.2M74M49.7M
Other Stockholder Equity(644.4M)(629.1M)(613.9M)(632.7M)(611.4M)(580.8M)
Total Liab6.5B7.0B7.5B8.0B9.1B5.0B
Property Plant And Equipment Gross7.2B7.6B11.2B11.7B13.3B14.0B
Total Current Assets676.4M434.8M508.3M654.5M758.8M640.5M
Accumulated Other Comprehensive Income(163.6M)(137.5M)(160.6M)(211.6M)(167.6M)(176.0M)
Accounts Payable119.4M147.3M215.8M202.2M239.6M171.1M
Common Stock Total Equity41.8M41.9M42.2M42.4M48.8M39.5M
Other Current Assets316M24.1M46M53M15.7M14.9M
Common Stock41.8M41.9M42.2M42.4M42.5M39.7M
Other Liab1.0B1.1B1.1B1.1B1.3B1.3B
Other Assets8.1B8.5B7.2B8.2B9.4B9.8B
Long Term Debt4.8B5.4B5.9B6.4B7.4B4.3B
Good Will81.5M143.7M123M117.2M120M101.5M
Property Plant Equipment455M7.2B272.2M8.3B9.5B10.0B
Short Term Investments6.5M1.4M5.6M148.5M(500K)(475K)
Current Deferred Revenue(119.4M)(147.3M)(215.8M)(75.1M)(42.2M)(44.3M)
Net Tangible Assets1.8B1.8B1.9B1.9B2.2B1.6B
Capital Surpluse720.1M735.4M763.8M792.2M911.0M770.7M
Deferred Long Term Liab2.6M962.8M1.0B1.0B1.2B863.0M

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