Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
Assets | $28,260 | $29,302 | $33,276 | $40,823 | $43,419 |
Liabilities | $17,870 | $17,864 | $20,108 | $24,945 | $25,912 |
Equity | $10,390 | $11,437 | $13,167 | $15,879 | $17,507 |
Edwyn
Over the past five years, PACCAR Inc has shown steady growth in its financial position as evidenced by the increasing trend in total assets, total liabilities, and stockholders' equity. The company's total assets have grown significantly from $28.26 billion in 2020 to $43.42 billion in 2024, reflecting a robust expansion in its asset base. This growth is likely driven by strategic investments, acquisitions, or organic business growth initiatives. Simultaneously, PACCAR's total liabilities have also increased, albeit at a slightly slower pace compared to assets, indicating a manageable debt burden. The company has been able to fund its asset growth while maintaining a healthy equity position. Stockholders' equity has steadily risen from $10.39 billion in 2020 to $17.51 billion in 2024, showing that shareholders have benefited from the company's growth. Noteworthy fluctuations in total liabilities and equity, such as the sharper increase in equity compared to liabilities in 2024, may indicate improved financial health and increased investor confidence. In the context of the industry, PACCAR's strong financial performance and balance sheet growth position it well to capitalize on opportunities in the competitive global market for trucks and related products.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.