PACCAR Inc (PCAR)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 43,418,900 | 40,823,400 | 33,275,500 | 29,509,400 | 28,450,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $43,418,900K
= 0.00
Based on the data provided for PACCAR Inc, the debt-to-assets ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its assets during this period. A debt-to-assets ratio of 0.00 signifies that PACCAR's assets are entirely funded by equity, implying a strong financial position with no financial leverage. While a zero debt-to-assets ratio may suggest a conservative approach to financing, it may also indicate missed opportunities for leveraging debt to potentially enhance returns for shareholders. Additionally, the stability of the debt-to-assets ratio over these years reflects the company's consistent financial strategy of relying on equity for its operations and investments.
Peer comparison
Dec 31, 2024