PACCAR Inc (PCAR)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 2.57 | 2.37 | 2.44 | 2.51 | 2.53 | 2.38 | 2.44 | 2.52 | 2.55 | 2.43 | 2.56 | 2.62 | 2.70 | 2.67 | 2.70 | 2.83 | 2.92 | 2.79 | 2.82 | 2.87 |
The solvency ratios of Paccar Inc. provide insights into the company's ability to meet its long-term financial obligations and the extent to which it relies on debt to finance its operations.
The debt-to-assets ratio remained relatively stable over the past eight quarters, ranging from 0.34 to 0.35. This indicates that, on average, 34% to 35% of Paccar's total assets are financed through debt, with the remaining covered by equity. A consistent ratio suggests a balanced capital structure and potentially low financial risk.
The debt-to-capital ratio fluctuated slightly between 0.45 and 0.47 during the same period. This ratio reveals the proportion of the company's capital structure funded by debt, with the balance covered by equity. While the changes are relatively minor, monitoring this ratio is crucial to assess the company's overall financial health.
The debt-to-equity ratio showed some variation, ranging from 0.80 to 0.90 over the past eight quarters. This ratio indicates the extent to which shareholders' equity covers the company's debt obligations. A higher ratio implies more dependence on debt financing, which may increase financial risk and interest expenses.
The financial leverage ratio, which indicates the company's reliance on debt in its capital structure, also showed fluctuations between 2.37 and 2.57. This ratio suggests that, on average, Paccar has approximately 2.37 to 2.57 times more debt than equity in its capital structure. A higher ratio may signal increased financial risk and higher interest payments.
Overall, Paccar's solvency ratios reflect a relatively stable and balanced capital structure over the quarters analyzed. Investors and stakeholders should continue to monitor these ratios to ensure the company maintains a healthy financial position and effectively manages its debt levels.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
As the data provided for Paccar Inc. does not include the interest coverage ratio for any of the listed quarters from Q1 2022 to Q4 2023, it is not possible to perform a detailed analysis of the company's interest coverage based on the information provided. The interest coverage ratio is a key financial metric that indicates a company's ability to meet its interest obligations with its operating income. Without the specific values for the interest coverage ratio, it is challenging to assess Paccar Inc.'s financial health in terms of its ability to cover interest payments. For a more thorough analysis, additional information or updated financial statements with the interest coverage ratio data would be required.