PACCAR Inc (PCAR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 7,060,800 | 7,181,700 | 6,158,900 | 3,428,300 | 3,539,600 |
| Short-term investments | US$ in thousands | 2,589,100 | 1,822,600 | 1,614,200 | 1,559,400 | 1,429,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 29,400 | 23,800 | 18,000 | 19,600 | 25,500 |
| Quick ratio | 328.23 | 378.33 | 431.84 | 254.47 | 194.85 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,060,800K
+ $2,589,100K
+ $—K)
÷ $29,400K
= 328.23
The quick ratio for PACCAR Inc has shown a positive trend over the past five years, with values increasing from 194.85 in December 31, 2020 to 328.23 in December 31, 2024. This indicates an improvement in the company's ability to meet its short-term obligations using its most liquid assets. The ratio exceeding 1 suggests that PACCAR Inc has a sufficient level of liquid assets to cover its current liabilities, which is generally considered a positive financial indicator. However, it is essential to consider other financial metrics and factors to gain a more comprehensive understanding of the company's overall financial health and stability.
Peer comparison
Dec 31, 2024