PACCAR Inc (PCAR)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $15,878,800K
= 0.00

The debt-to-equity ratio of Paccar Inc. has fluctuated over the past eight quarters, ranging from a low of 0.80 in Q3 2022 to a high of 0.90 in Q4 2023. Generally, the trend appears to show an increasing level of debt relative to equity, with the ratio rising from 0.80 in Q3 2022 to 0.90 in Q4 2023. This indicates that the company is relying more on debt financing compared to its equity. While the ratio has shown some variability, it is important to monitor this trend over time to assess the company's financial risk and leverage position accurately.