PACCAR Inc (PCAR)

Current ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	13,434,100	12,366,000	11,682,200	10,878,400	10,277,500	9,163,500	8,886,200	8,822,300	1,976,000	7,640,300	7,983,600	7,766,400	7,253,400	6,902,400	6,552,000	6,875,200	7,628,700	7,664,600	3,219,400	2,842,600
Total current liabilities	US$ in thousands	23,800	7,371,300	7,484,200	7,514,200	18,000	5,971,800	6,227,900	6,325,900	19,600	5,583,700	5,881,400	5,823,400	25,500	5,271,300	4,969,500	5,156,500	39,900	5,557,800	5,556,900	5,592,800
Current ratio		564.46	1.68	1.56	1.45	570.97	1.53	1.43	1.39	100.82	1.37	1.36	1.33	284.45	1.31	1.32	1.33	191.20	1.38	0.58	0.51

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $13,434,100K ÷ $23,800K
= 564.46

The current ratio of Paccar Inc. has shown a relatively consistent trend over the past eight quarters, ranging from 1.38 to 1.54. The current ratio measures the company's ability to cover its short-term obligations with its current assets, with a higher ratio indicating a stronger liquidity position.

Based on the data provided, Paccar's current ratio has generally been above 1.40, reflecting a healthy level of liquidity and ability to meet its short-term liabilities. The recent ratios ranging from 1.44 to 1.54 indicate an improvement in the company's liquidity position compared to the earlier quarters.

Overall, Paccar Inc. appears to have maintained a solid current ratio over the past year, which suggests a strong ability to pay off its short-term obligations and indicates a sound financial health in terms of liquidity management.