PACCAR Inc (PCAR)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 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 | 28,361,100 | 27,767,700 | 27,168,200 | 26,157,000 |
| 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $40,823,400K
= 0.00
The debt-to-assets ratio of Paccar Inc. has remained relatively stable over the past eight quarters, ranging from 0.34 to 0.36. This ratio indicates that, on average, Paccar finances approximately 34% to 36% of its assets through debt, with the remaining percentage financed through equity. A lower debt-to-assets ratio signifies lower financial risk, as it suggests that the company relies less on debt to finance its operations and investments. Paccar's consistent ratio suggests a prudent and balanced approach to capital structure management, maintaining a level of debt that is manageable relative to its asset base.
Peer comparison
Dec 31, 2023