Caterpillar (XBRU:CATER) Cash-to-Debt

: 0.18 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Caterpillar's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.18.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Caterpillar couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Caterpillar's Cash-to-Debt or its related term are showing as below:

XBRU:CATER' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.21 Max: 0.25
Current: 0.18

During the past 13 years, Caterpillar's highest Cash to Debt Ratio was 0.25. The lowest was 0.17. And the median was 0.21.

XBRU:CATER's Cash-to-Debt is ranked worse than
73.91% of 207 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.62 vs XBRU:CATER: 0.18

Caterpillar Cash-to-Debt Historical Data

The historical data trend for Caterpillar's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Caterpillar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.22

0.25

0.19

0.18

Caterpillar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.19	0.18	0.20	0.18	0.18

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Caterpillar's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Caterpillar Cash-to-Debt Distribution

For the Farm & Heavy Construction Machinery industry and Industrials sector, Caterpillar's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Caterpillar's Cash-to-Debt falls into.

Caterpillar Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Caterpillar's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6398.826	/	(12293.302	+	22440.824)
	=	0.18

Caterpillar's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	6398.826	/	(12293.302	+	22440.824)
	=	0.18

Caterpillar (XBRU:CATER) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Caterpillar Cash-to-Debt Related Terms

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Caterpillar (XBRU:CATER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Caterpillar Inc (XBRU:CATER) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CAT:USA CAT:Peru CAT:Mexico 1CAT:Italy CATR:France 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.

Caterpillar (XBRU:CATER) Headlines

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