PACCAR Inc (PCAR)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	13,950,800	34,164,100	14,212,800	12,880,700	13,434,100	12,366,000	11,682,200	10,878,400	10,277,500	9,163,500	22,323,700	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
Total current liabilities	US$ in thousands	29,400	11,894,000	6,380,100	7,642,500	23,800	7,371,300	7,484,200	7,514,200	18,000	5,971,800	8,776,200	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
Current ratio		474.52	2.87	2.23	1.69	564.46	1.68	1.56	1.45	570.97	1.53	2.54	1.39	100.82	1.37	1.36	1.33	284.45	1.31	1.32	1.33

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 has shown fluctuations over the past few years, ranging from 1.31 to as high as 570.97, indicating variability in its short-term liquidity position. The ratio was relatively stable around 1.3 to 1.4 until a significant increase to 284.45 was observed at the end of December 2020, which could be an anomaly or a data error.

Subsequently, the ratio returned to a more typical range, hovering around 1.3 to 1.4 in the following quarters. However, there were notable spikes in the current ratio to 570.97 in December 2022 and 564.46 in December 2023, followed by a sharp decline to 474.52 in December 2024. These extreme values may require further investigation to determine their cause and assess their impact on the company's liquidity.

Overall, the current ratio of PACCAR Inc has demonstrated significant variability, with some unusual fluctuations in certain reporting periods. Further analysis, possibly considering additional financial metrics and contextual information, may be necessary to fully understand the company's liquidity position and financial health.