Caterpillar (CHIX:CATZ) Debt-to-Equity

: 1.94 (As of Dec. 2023)

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Caterpillar's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF11,594 Mil. Caterpillar's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was CHF21,163 Mil. Caterpillar's Total Stockholders Equity for the quarter that ended in Dec. 2023 was CHF16,858 Mil. Caterpillar's debt to equity for the quarter that ended in Dec. 2023 was 1.94.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

CHIX:CATz' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.94 Med: 2.49 Max: 2.8
Current: 1.94

During the past 13 years, the highest Debt-to-Equity Ratio of Caterpillar was 2.80. The lowest was 1.94. And the median was 2.49.

CHIX:CATz's Debt-to-Equity is ranked worse than
92.55% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.39 vs CHIX:CATz: 1.94

Caterpillar Debt-to-Equity Historical Data

The historical data trend for Caterpillar's Debt-to-Equity 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.58

2.42

2.29

2.33

1.94

Caterpillar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																2.33	2.04	2.07	1.81	1.94

Competitive Comparison

For the Farm & Heavy Construction Machinery subindustry, Caterpillar's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

Caterpillar Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(11593.509	+	21163.386)	/	16858.411
	=	1.94

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(11593.509	+	21163.386)	/	16858.411
	=	1.94

Caterpillar (CHIX:CATz) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Caterpillar Debt-to-Equity Related Terms

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Caterpillar (CHIX:CATZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Caterpillar Inc (CHIX:CATz) » Definitions » Debt-to-Equity

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.

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