PACCAR Inc (PCAR)

Interest coverage

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	32,609,700	31,718,300	30,142,400	28,469,200	27,152,800	25,694,000	23,768,100	22,389,100	21,629,300	20,425,100	20,101,300	17,296,600	16,547,100	17,070,900	18,491,700	22,020,400	23,394,900	23,549,100	22,977,700	22,141,000
Interest expense (ttm)	US$ in thousands	520,400	564,500	774,000	983,500	588,000	794,700	856,600	982,900	1,120,300	1,229,500	1,282,100	1,235,000	1,200,100	915,000	661,100	443,500	206,600	214,200	200,600	192,800
Interest coverage		62.66	56.19	38.94	28.95	46.18	32.33	27.75	22.78	19.31	16.61	15.68	14.01	13.79	18.66	27.97	49.65	113.24	109.94	114.54	114.84

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $32,609,700K ÷ $520,400K
= 62.66

I'm sorry, but without the specific values for the interest coverage ratio for Paccar Inc. provided in the table, I am unable to perform a detailed analysis. The interest coverage ratio is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense. A higher interest coverage ratio indicates that a company is more capable of meeting its interest obligations. If you can provide the actual numbers for the interest coverage ratio for each quarter, I would be happy to help with a comprehensive analysis.