PACCAR Inc (PCAR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 15,878,800 | 16,023,100 | 15,079,300 | 13,882,000 | 13,167,100 | 12,893,500 | 12,518,000 | 12,143,300 | 11,594,000 | 11,479,800 | 11,330,300 | 10,861,700 | 10,533,300 | 10,184,400 | 9,776,800 | 9,637,400 | 9,706,100 | 9,962,700 | 9,635,400 | 9,105,500 |
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $15,878,800K)
= 0.00
The debt-to-capital ratio of Paccar Inc. has been relatively stable over the past eight quarters, fluctuating between 0.45 and 0.47. This ratio indicates that, on average, Paccar finances approximately 45-47% of its operations through debt, with the remaining percentage financed through equity. Overall, the company has maintained a moderate level of leverage, suggesting a balanced capital structure. It is important to monitor this ratio over time to assess Paccar's ability to manage its debt obligations and maintain financial stability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-capital ratio
PACCAR Inc
PCAR
0.00
Federal Signal Corporation
FSS
0.00
Ford Motor Company
F
0.00
General Motors Company
GM
0.00
Oshkosh Corporation
OSK
0.14
Tesla Inc
TSLA
0.00