PACCAR Balance Sheet Health
Financial Health criteria checks 6/6
PACCAR has a total shareholder equity of $16.9B and total debt of $14.1B, which brings its debt-to-equity ratio to 83.7%. Its total assets and total liabilities are $40.4B and $23.5B respectively. PACCAR's EBIT is $6.0B making its interest coverage ratio -19. It has cash and short-term investments of $7.7B.
Key information
83.7%
Debt to equity ratio
US$14.12b
Debt
Interest coverage ratio | -19x |
Cash | US$7.73b |
Equity | US$16.87b |
Total liabilities | US$23.50b |
Total assets | US$40.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PAE's short term assets ($32.1B) exceed its short term liabilities ($6.8B).
Long Term Liabilities: PAE's short term assets ($32.1B) exceed its long term liabilities ($16.7B).
Debt to Equity History and Analysis
Debt Level: PAE's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: PAE's debt to equity ratio has reduced from 112.2% to 83.7% over the past 5 years.
Debt Coverage: PAE's debt is well covered by operating cash flow (35.2%).
Interest Coverage: PAE earns more interest than it pays, so coverage of interest payments is not a concern.