USD -463 Mil as of today(2020-08-13). In depth view into Caterpillar Interest Expense explanation, calculation, historical data and more" />CAT Interest Expense | Caterpillar - GuruFocus.com
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Caterpillar Interest Expense

: USD -463 Mil (TTM As of Jun. 2020)
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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 Jun. 2020 was USD -135 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2020 was USD -463 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 Jun. 2020 was USD 784 Mil. Caterpillar's Interest Expense for the three months ended in Jun. 2020 was USD -135 Mil. Caterpillar's Interest Coverage for the quarter that ended in Jun. 2020 was 5.81. 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 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Caterpillar Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -507.00 -505.00 -531.00 -404.00 -421.00

Caterpillar Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -103.00 -103.00 -112.00 -113.00 -135.00

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 Jun. 2020 was -103 (Sep. 2019 ) + -112 (Dec. 2019 ) + -113 (Mar. 2020 ) + -135 (Jun. 2020 ) = USD -463 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Jun. 2020 was USD -135 Mil. Its Operating Income for the three months ended in Jun. 2020 was USD 784 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2020 was USD 26,907 Mil.

Caterpillar's Interest Coverage for the quarter that ended in Jun. 2020 is calculated as

Interest Coverage=-1*Operating Income (Q: Jun. 2020 )/Interest Expense (Q: Jun. 2020 )
=-1*784/-135
=5.81

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

The higher the ratio, the stronger the company's financial strength is.


Caterpillar Interest Expense Headlines

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