PACCAR Inc (PCAR)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	17,506,900	18,663,600	17,702,900	16,871,900	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
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, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $17,506,900K)
= 0.00

PACCAR Inc's debt-to-capital ratio has consistently been at 0.00 over the past several quarters, indicating that the company has not used debt as a significant source of funding relative to its capital structure. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity-financed, which can be viewed positively as it signifies lower financial risk and potential financial stability.

The stability of PACCAR Inc's debt-to-capital ratio at 0.00 may reflect the company's conservative financial approach and its ability to generate sufficient internal funds to support its operations and growth without relying heavily on external debt. This could contribute to a sense of financial strength and resilience in times of economic uncertainty or adverse market conditions.

Overall, the consistent 0.00 debt-to-capital ratio for PACCAR Inc indicates a prudent financial strategy that prioritizes equity financing and may be viewed favorably by investors and stakeholders concerned with the company's financial health and risk management practices.