PACCAR Inc (PCAR)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 43,418,900 | 43,281,800 | 41,176,600 | 40,373,600 | 40,823,400 | 38,039,500 | 36,867,700 | 34,826,400 | 33,275,500 | 30,623,600 | 30,588,700 | 30,586,100 | 29,509,400 | 27,909,900 | 29,012,200 | 28,503,400 | 28,450,000 | 27,233,700 | 26,406,400 | 27,294,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio of PACCAR Inc has consistently remained at 0.00 or 0% for the period from March 31, 2020, to December 31, 2024. This indicates that the company has not used debt significantly to finance its assets during this period. A debt-to-assets ratio of 0% implies that the company's total assets are primarily financed by equity rather than debt. This may signify a relatively conservative approach to capital structure and financial risk management, as the absence of significant debt obligations can lead to lower financial leverage and interest expense for the company. Additionally, a consistently low debt-to-assets ratio may reflect PACCAR's ability to generate sufficient internal funds to support its operations and investments without relying heavily on external borrowing.
Peer comparison
Dec 31, 2024