Caterpillar (Caterpillar) Cash And Cash Equivalents

: $6,978 Mil (As of Dec. 2023)

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Caterpillar's quarterly cash and cash equivalents declined from Jun. 2023 ($7,387.00 Mil) to Sep. 2023 ($6,545.00 Mil) but then increased from Sep. 2023 ($6,545.00 Mil) to Dec. 2023 ($6,978.00 Mil).

Caterpillar's annual cash and cash equivalents declined from Dec. 2021 ($9,254.00 Mil) to Dec. 2022 ($7,004.00 Mil) and declined from Dec. 2022 ($7,004.00 Mil) to Dec. 2023 ($6,978.00 Mil).

Caterpillar Cash And Cash Equivalents Historical Data

The historical data trend for Caterpillar's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => - [6] => 9,352.00 [7] => 9,254.00 [8] => 7,004.00 [9] => 6,978.00 )

Caterpillar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

9,352.00

9,254.00

7,004.00

6,978.00

Caterpillar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents																7,004.00	6,789.00	7,387.00	6,545.00	6,978.00

Caterpillar Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Caterpillar (NYSE:CAT) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Caterpillar Cash And Cash Equivalents Related Terms

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Caterpillar (Caterpillar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Caterpillar Inc (NYSE:CAT) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

CAT:Peru CAT:Mexico 1CAT:Italy CATR:France CAT1:Germany CAT1:Germany CAT1:Germany CAT1:Germany CAT:Chile CATR:Canada CATP34:Brazil CAT:Austria CAT:Argentina

Address

5205 N. O'Connor Boulevard, Suite 100, Irving, TX, USA, 75039

Website

https://www.caterpillar.com

Caterpillar is the premier manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 13% market share in 2021. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.

Executives

Anthony D. Fassino	officer: Group President	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Cheryl H Johnson	officer: Chief Human Resources Officer	40 WESTMINSTER STREET, PROVIDENCE RI 02903
Joseph E Creed	officer: Interim CFO	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Denise C Johnson	officer: Group President	C/O CATERPILLAR, INCORPORATED, 901 WEST WASHINGTON, CV41110, EAST PEORIA IL 61630
Lange Bob De	officer: Group President	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Fish James C Jr	director	800 CAPITOL STREET 3000, HOUSTON TX 77002
Judith Fran Marks	director	C/O HUBBELL INCORPORATED, 40 WATERVIEW DRIVE, SHELTON CT 06484
David Maclennan	director	14701 CHARLSON ROAD, EDEN PRAIRIE MN 55347
Suzette M Long	officer: Int. Executive Vice President	510 LAKE COOK ROAD, SUITE 100, DEERFILED IL 60015
Daniel M Dickinson	director	THAYER CAPITAL PARTNERS, 1455 PENNSYLVANIA AVENUE NW, STE 350, WASHINGTON DC 20004
William E Schaupp	officer: Chief Accounting Officer	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Gary Michael Marvel	officer: Chief Accounting Officer	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
Gerald Johnson	director	300 RENAISSANCE CENTER, M/C: 482-C23-A68, DETROIT MI 48265
Ramin Younessi	officer: Group President	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
William P Ainsworth	officer: Group President	510 LAKE COOK ROAD, SUITE 100, DEERFIELD X1 60015