PACCAR Inc (PCAR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 13,950,800 | 32,031,400 | 10,277,500 | 1,976,000 | 7,253,400 |
| Total current liabilities | US$ in thousands | 29,400 | 23,800 | 18,000 | 19,600 | 25,500 |
| Current ratio | 474.52 | 1,345.86 | 570.97 | 100.82 | 284.45 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $13,950,800K ÷ $29,400K
= 474.52
The current ratio of PACCAR Inc, a key liquidity metric, shows a notable fluctuation over the years. The ratio rose sharply from 284.45 on December 31, 2020, to 570.97 on December 31, 2022, indicating an improvement in short-term liquidity position. However, it experienced a significant jump to 1,345.86 on December 31, 2023, suggesting a substantial increase in current assets relative to current liabilities. By the end of December 31, 2024, the current ratio decreased to 474.52, albeit remaining above 1, signaling that the company's current assets still exceed its current liabilities. Overall, the current ratio trend reflects volatility but generally indicates a strong liquidity position for PACCAR Inc.
Peer comparison
Dec 31, 2024