| GATX Stock | | | USD 158.90 0.00 0.00% |
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 Assets and its Accumulated Depreciation 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 Assets vs Accumulated Depreciation
Total Assets vs Accumulated Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
GATX Total Assets account and
Accumulated Depreciation. At this time, the significance of the direction appears to have pay attention.
The correlation between GATX's Total Assets and Accumulated Depreciation is -0.77. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Accumulated Depreciation 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 Assets and Accumulated Depreciation 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 Assets of GATX Corporation are associated (or correlated) with its Accumulated Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Depreciation has no effect on the direction of Total Assets i.e., GATX's Total Assets and Accumulated Depreciation go up and down completely randomly.
Correlation Coefficient | -0.77 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Total Assets
Total assets refers to the total amount of GATX assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in GATX books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.
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.
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 is likely to rise to about 2.3
B in 2024, whereas
Selling General Administrative is likely to drop slightly above 145.7
M in 2024.
GATX fundamental ratios Correlations
Click cells to compare fundamentals
GATX Account Relationship Matchups
High Positive Relationship
High Negative Relationship
GATX fundamental ratios Accounts
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Additional Tools for GATX Stock Analysis
When running GATX's price analysis, check to
measure GATX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GATX is operating at the current time. Most of GATX's value examination focuses on studying past and present price action to
predict the probability of GATX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GATX's price. Additionally, you may evaluate how the addition of GATX to your portfolios can decrease your overall portfolio volatility.