Penske Truck Leasing, a big truck rental company, got good news! Moody's, a company that checks how healthy businesses are, said Penske is doing well. This means Penske can easily pay back its loans.
- Moody's gave Penske a good rating for its debt (money it owes).
- Penske's business is expected to get a little better in 2025.
- Penske's profits should be higher next year, and its debt will be easier to manage.
| Item | Number/Fact |
|---|---|
| Penske's projected operating margin in 2025 | Over 11% |
| Penske's projected debt-to-earnings ratio in 2025 | Below 3.5X |
| Ryder's projected EBIT to interest coverage in 2024 | 3X to 3.5X |
