GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Caterpillar Inc (XTER:CAT1) » Definitions » Interest Expense

Caterpillar (XTER:CAT1) Interest Expense : €-485 Mil (TTM As of Mar. 2024)


View and export this data going back to 1998. Start your Free Trial

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 Mar. 2024 was € -132 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-485 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 Mar. 2024 was € 3,237 Mil. Caterpillar's Interest Expense for the three months ended in Mar. 2024 was € -132 Mil. Caterpillar's Interest Coverage for the quarter that ended in Mar. 2024 was 24.61. 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

The historical data trend for Caterpillar's Interest Expense 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.

Caterpillar Interest Expense Chart

Caterpillar Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -378.90 -422.51 -431.88 -418.19 -468.59

Caterpillar Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial 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 -120.49 -117.22 -120.87 -115.54 -131.56

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-485 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  (XTER:CAT1) 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 Mar. 2024 was €-132 Mil. Its Operating Income for the three months ended in Mar. 2024 was €3,237 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €22,845 Mil.

Caterpillar's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*3237.48/-131.56
=24.61

* 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 (XTER:CAT1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Caterpillar Inc (XTER:CAT1) » Definitions » Interest Expense
Comparable Companies
DE PCAR CNHI AGCO OSK TEX ALG LNN CMCO WNC OSTO:VOLV A XTER:DTG TSE:6201 TSE:6301 XAMS:EXO OSTO:EPI A SHSE:600031 TSE:6326 SZSE:000425 SZSE:000157
Traded in Other Exchanges
CAT:USA CAT:Peru CAT:Mexico 1CAT:Italy CATR:France 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.

Caterpillar (XTER:CAT1) Headlines

No Headlines