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