Caterpillar Balance Sheet Health
Financial Health criteria checks 5/6
Caterpillar has a total shareholder equity of $17.1B and total debt of $37.3B, which brings its debt-to-equity ratio to 217.7%. Its total assets and total liabilities are $83.3B and $66.2B respectively. Caterpillar's EBIT is $14.1B making its interest coverage ratio 112.2. It has cash and short-term investments of $3.5B.
Key information
217.7%
Debt to equity ratio
US$37.31b
Debt
| Interest coverage ratio | 112.2x |
| Cash | US$3.48b |
| Equity | US$17.14b |
| Total liabilities | US$66.20b |
| Total assets | US$83.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CAT's short term assets ($43.1B) exceed its short term liabilities ($33.6B).
Long Term Liabilities: CAT's short term assets ($43.1B) exceed its long term liabilities ($32.6B).
Debt to Equity History and Analysis
Debt Level: CAT's net debt to equity ratio (197.4%) is considered high.
Reducing Debt: CAT's debt to equity ratio has reduced from 244.3% to 217.7% over the past 5 years.
Debt Coverage: CAT's debt is well covered by operating cash flow (35.2%).
Interest Coverage: CAT's interest payments on its debt are well covered by EBIT (112.2x coverage).