PACCAR Inc (PCAR)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 43,418,900 | 40,823,400 | 33,275,500 | 29,509,400 | 28,450,000 |
| Total stockholders’ equity | US$ in thousands | 17,506,900 | 15,878,800 | 13,167,100 | 11,594,000 | 10,533,300 |
| Financial leverage ratio | 2.48 | 2.57 | 2.53 | 2.55 | 2.70 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $43,418,900K ÷ $17,506,900K
= 2.48
The financial leverage ratio of PACCAR Inc has shown a slight fluctuation over the past five years. Starting at 2.70 in December 31, 2020, the ratio decreased to 2.55 by the end of 2021, indicating a reduction in financial leverage. Subsequently, it further declined to 2.53 in 2022, before slightly increasing to 2.57 in 2023. The most recent data point, as of December 31, 2024, shows a notable decrease to 2.48, suggesting a lower reliance on debt to finance the company's operations. Overall, the trend in the financial leverage ratio of PACCAR Inc indicates a moderate level of leverage, with a tendency towards reduced debt utilization in recent years.
Peer comparison
Dec 31, 2024