PACCAR Inc (PCAR)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.48 | 2.57 | 2.53 | 2.55 | 2.70 |
PACCAR Inc's solvency ratios indicate a strong financial position with consistently low debt levels relative to its assets, capital, and equity. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have remained at 0.00 across the years 2020 to 2024, indicating that the company has no significant debt burden in relation to its total assets, capital, and equity.
Additionally, the financial leverage ratio has improved steadily from 2.70 in 2020 to 2.48 in 2024. This suggests that PACCAR has been able to decrease its reliance on debt financing while maintaining its operational and investment activities. Overall, these solvency ratios reflect PACCAR's strong financial stability and ability to meet its long-term financial obligations without significant financial risk.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | 16,617.00 |
The interest coverage ratio for PACCAR Inc as of December 31, 2020, stands at an impressive 16,617.00. This ratio indicates the company's ability to cover its interest expenses with its operating income. An interest coverage ratio of 16,617.00 signifies that PACCAR Inc is exceptionally capable of meeting its interest obligations and suggests a robust financial position. However, the lack of data for the following years makes it difficult to assess the trend in the company's interest coverage over time.