GATX Total Current Assets vs Short Term Investments Analysis

GATX Stock  USD 160.34  1.98  1.22%   
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 Total Current Assets and its Short Term Investments 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.

Total Current Assets vs Short Term Investments

Total Current Assets vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of GATX Total Current Assets account and Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between GATX's Total Current Assets and Short Term Investments is 0.38. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Short Term Investments 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 Total Current Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of GATX Corporation are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Current Assets i.e., GATX's Total Current Assets and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.38
Relationship DirectionPositive 
Relationship StrengthVery Weak

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Short Term Investments

Short Term Investments is an item under the current assets section of GATX balance sheet. It contains any investments GATX Corporation undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that GATX can easily liquidate in the marketplace.
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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