What is Caterpillar Interest Expense?
Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Caterpillar's interest expense for the
three
months ended in Dec. 2023 was $ -126 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-511 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Caterpillar's Operating Income for the
three
months ended in Dec. 2023 was $ 3,134 Mil. Caterpillar's Interest Expense for the
three
months ended in Dec. 2023 was $ -126 Mil.
Caterpillar's Interest Coverage for the quarter that ended in Dec. 2023 was 24.87.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Caterpillar Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-511 Mil.
* 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.
Caterpillar (NYSE:CAT) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Caterpillar's Interest Expense for the
three
months ended in Dec. 2023 was $-126 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $3,134 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $24,472 Mil.
Caterpillar's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
* 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.
The higher the ratio, the stronger the company's financial strength is.
Caterpillar (Caterpillar) Business Description
Traded in Other Exchanges
Address
5205 N. O'Connor Boulevard, Suite 100, Irving, TX, USA, 75039
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 |
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