Caterpillar Balance Sheet Health
Financial Health criteria checks 5/6
Caterpillar has a total shareholder equity of $17.6B and total debt of $37.9B, which brings its debt-to-equity ratio to 214.5%. Its total assets and total liabilities are $83.7B and $66.1B respectively. Caterpillar's EBIT is $14.5B making its interest coverage ratio 467.6. It has cash and short-term investments of $4.0B.
Key information
214.5%
Debt to equity ratio
US$37.85b
Debt
Interest coverage ratio | 467.6x |
Cash | US$3.96b |
Equity | US$17.65b |
Total liabilities | US$66.10b |
Total assets | US$83.74b |
Recent financial health updates
Is Caterpillar (NYSE:CAT) A Risky Investment?
Feb 05These 4 Measures Indicate That Caterpillar (NYSE:CAT) Is Using Debt Reasonably Well
Nov 04Is Caterpillar (NYSE:CAT) A Risky Investment?
Aug 05Caterpillar (NYSE:CAT) Seems To Use Debt Quite Sensibly
May 01Recent updates
Caterpillar Inc. Just Recorded A 14% EPS Beat: Here's What Analysts Are Forecasting Next
Apr 27Caterpillar: Market Leading Compounder With Limited Valuation Upside
Apr 15We Ran A Stock Scan For Earnings Growth And Caterpillar (NYSE:CAT) Passed With Ease
Apr 06The Trend Of High Returns At Caterpillar (NYSE:CAT) Has Us Very Interested
Mar 26Is Caterpillar Inc. (NYSE:CAT) Trading At A 35% Discount?
Mar 15Caterpillar: Delivered Impressive 2023 Earnings, The Stock Is Priced To Perfection
Mar 14The Caterpillar Inc. (NYSE:CAT) Full-Year Results Are Out And Analysts Have Published New Forecasts
Feb 20Caterpillar: Why The Stock Has Upside Potential From Current Levels
Feb 11Is Caterpillar (NYSE:CAT) A Risky Investment?
Feb 05Caterpillar Q4 Earnings Report: What Investors Need To Know
Feb 02Is Now The Time To Look At Buying Caterpillar Inc. (NYSE:CAT)?
Jan 24Caterpillar Could Fly Higher If Cyclical And Secular Tailwinds Align
Jan 09Investor Optimism Abounds Caterpillar Inc. (NYSE:CAT) But Growth Is Lacking
Dec 19Caterpillar: Low Dividend Yield, But Still A Solid Pillar For Portfolio Construction
Dec 19Caterpillar: Solid Q3 And Strong Fundamentals Make It A Buy
Dec 07Do Caterpillar's (NYSE:CAT) Earnings Warrant Your Attention?
Dec 07Dividend Brilliance And Economic Risks - An Important Message For Caterpillar Investors
Nov 18Is Caterpillar Inc. (NYSE:CAT) Worth US$248 Based On Its Intrinsic Value?
Nov 15These 4 Measures Indicate That Caterpillar (NYSE:CAT) Is Using Debt Reasonably Well
Nov 04One CAT(Erpillar) And Two Kittens
Oct 19Caterpillar (NYSE:CAT) Is Investing Its Capital With Increasing Efficiency
Oct 13Caterpillar: Making Itself Indispensable To Its Customers
Oct 02At US$280, Is It Time To Put Caterpillar Inc. (NYSE:CAT) On Your Watch List?
Sep 20Caterpillar: Beware The Dip
Sep 11Caterpillar Goes Boom! Now What?
Sep 01Does Caterpillar (NYSE:CAT) Deserve A Spot On Your Watchlist?
Aug 27Caterpillar: A Buy After Hitting Record Highs
Aug 14Is Caterpillar (NYSE:CAT) A Risky Investment?
Aug 05Caterpillar: Tailwinds, Headwinds, And Q2 Earnings
Jul 28Caterpillar (NYSE:CAT) Could Become A Multi-Bagger
Jul 13Caterpillar: Set To Maintain Margins And Continue EPS Growth
Jun 27Caterpillar (NYSE:CAT) Is Paying Out A Larger Dividend Than Last Year
Jun 20Caterpillar: A Surprising Strength You Shouldn't Overlook
Jun 20Estimating The Fair Value Of Caterpillar Inc. (NYSE:CAT)
Jun 14Is There Now An Opportunity In Caterpillar Inc. (NYSE:CAT)?
Jun 03Caterpillar's Potential Shareholder Value Is Nothing Short Of Impressive
May 25Here's Why We Think Caterpillar (NYSE:CAT) Might Deserve Your Attention Today
May 12Caterpillar (NYSE:CAT) Seems To Use Debt Quite Sensibly
May 01There's Been No Shortage Of Growth Recently For Caterpillar's (NYSE:CAT) Returns On Capital
Mar 13Caterpillar Inc. (NYSE:CAT) Shares Could Be 22% Above Their Intrinsic Value Estimate
Feb 21Is Caterpillar Inc. (NYSE:CAT) Potentially Undervalued?
Feb 07Financial Position Analysis
Short Term Liabilities: CAT's short term assets ($43.7B) exceed its short term liabilities ($32.4B).
Long Term Liabilities: CAT's short term assets ($43.7B) exceed its long term liabilities ($33.7B).
Debt to Equity History and Analysis
Debt Level: CAT's net debt to equity ratio (192.1%) is considered high.
Reducing Debt: CAT's debt to equity ratio has reduced from 231.6% to 214.5% over the past 5 years.
Debt Coverage: CAT's debt is well covered by operating cash flow (35.3%).
Interest Coverage: CAT's interest payments on its debt are well covered by EBIT (467.6x coverage).