PACCAR Inc (PCAR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 6,871,100 | 6,849,200 | 5,871,500 | 6,194,500 | 7,181,700 | 5,906,300 | 5,145,900 | 4,410,100 | 4,690,900 | 3,323,500 | 3,231,300 | 3,314,900 | 3,428,300 | 2,227,800 | 3,069,800 | 3,320,000 | 3,539,600 | 3,344,300 | 3,128,000 | 3,323,100 |
| Short-term investments | US$ in thousands | 2,778,800 | 2,510,700 | 2,145,500 | 1,831,400 | 1,477,600 | 1,743,100 | 1,690,500 | 1,638,900 | 1,614,200 | 1,544,200 | 1,559,200 | 1,515,200 | 1,559,400 | 1,549,400 | 1,434,600 | 1,421,100 | 1,429,000 | 1,194,300 | 1,147,200 | 1,097,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 328.23 | 0.79 | 1.26 | 1.05 | 363.84 | 1.04 | 0.91 | 0.81 | 350.28 | 0.82 | 0.55 | 0.76 | 254.47 | 0.68 | 0.77 | 0.81 | 194.85 | 0.86 | 0.86 | 0.86 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,871,100K
+ $2,778,800K
+ $—K)
÷ $29,400K
= 328.23
The quick ratio of PACCAR Inc has shown fluctuating trends over the given period. It started at 0.86 in the first quarter of 2020, indicating that for every dollar of current liabilities, the company had $0.86 of liquid assets readily available to cover these obligations.
During the following quarters, the quick ratio remained relatively stable around 0.86, showing consistency in the company's ability to meet its short-term liabilities with its quick assets. However, there was a significant anomaly in the quick ratio in December 2020 and December 2021, where the ratio spiked to 194.85 and 254.47, respectively.
This unusual increase could be attributed to specific accounting adjustments or extraordinary events affecting the calculation of quick assets and liabilities in those periods. Subsequently, the quick ratio reverted back to more normal levels in the following quarters, hovering around 0.8 on average.
In the most recent quarter, the quick ratio was 1.05, indicating an improvement in liquidity compared to the previous periods. This increase suggests that PACCAR Inc has adequate liquid assets to cover its current liabilities, which is a positive indication of the company's short-term financial health.
Overall, while the quick ratio has shown some variability, it is important for stakeholders to closely monitor these fluctuations to ensure that the company maintains a healthy liquidity position to meet its immediate financial obligations.
Peer comparison
Dec 31, 2024