PACCAR Inc (PCAR)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 3,632,500 | 33,198,700 | 3,848,700 | 2,396,300 | 1,661,700 |
| Interest expense | US$ in thousands | — | — | 0 | 0 | 100 |
| Interest coverage | — | — | — | — | 16,617.00 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $3,632,500K ÷ $—K
= —
The interest coverage ratio for PACCAR Inc was 16,617.00 as of December 31, 2020. This exceptionally high ratio indicates that PACCAR's earnings before interest and taxes (EBIT) are significantly higher than its interest expenses, demonstrating the company's strong ability to meet its interest payment obligations. However, the absence of data for the following years (2021, 2022, 2023, and 2024) makes it challenging to assess the trend in PACCAR's interest coverage over time or identify any potential changes in its ability to cover interest expenses. It would be beneficial to monitor future financial statements to gain a more comprehensive understanding of PACCAR's interest coverage performance.
Peer comparison
Dec 31, 2024