GATX Corp.
0.0 %
34.9 %
Yet to be announced
Company Overview
GATX Corporation operates as railcar leasing company in the United States and internationally. It leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries. The company owns a fleet of approximately 147,000 railcars.
Revenue Sources
Based on analysis of GATX's financial statements and business operations, their primary revenue comes from leasing transportation assets, particularly railcars and locomotives. This core business activity involves real asset ownership and leasing, which is halal. The company does not derive significant revenue from prohibited activities such as alcohol, gambling, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $405.4m | $319.0m | - | $88.9m | 0.00% | 27.87% |
| June 30, 2024 | $386.7m | $333.7m | - | $82.8m | 0.00% | 24.81% |
| March 31, 2024 | $379.9m | $307.5m | - | $77.8m | 0.00% | 25.30% |
| Dec. 31, 2023 | $368.7m | $318.3m | - | $72.6m | 0.00% | 22.81% |
The interest expense ratio compared to total expenses for the last four quarters shows a concerning pattern. The company's interest expenses represent a significant portion of their total expenses, consistently exceeding 20% of total expenses across all quarters examined. This level of interest involvement in the business model indicates that interest plays a material role in the company's operations.
Operational Ethics
After reviewing GATX's operations and public disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in North America and Europe, with no substantial ties to the state of Israel or the Chinese Communist Party.
Login to join the discussion