FinscoFinsco

Caterpillar — Debt Discipline

$Open the interactive terminal to run `audit debt-discipline` with custom options.→
Capital FlowReturnsEarning QualityDebt DisciplineMoat
DEBT DISCIPLINE

TICKER: [US.CAT - Caterpillar]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]


[-] Leverage (D/E): 2.37 (< 0.5 = conservative, > 1.5 = aggressive)
[+] Interest Coverage: 22.2x (> 5x = safe, < 2x = risky)
[-] Net Cash Company: No (Net debt < 0 = Buffett favorite)


Metric                      Value
---------------------------------
Avg D/E                      2.37
D/E Trend (Slope)       -2.80%/yr
Last Interest Coverage      22.2x
Last Net D/E                 1.56


Period       Total Debt  Equity   D/E  D/EBITDA  Coverage  Net D/E
------------------------------------------------------------------
2010 ANNUAL      28.42B  10.82B  2.63      7.2x     11.6x     2.63
2011 ANNUAL      34.59B  12.88B  2.69      4.8x     18.1x     2.69
2012 ANNUAL      40.14B  17.53B  2.29      4.4x     19.6x     2.29
2013 ANNUAL      37.75B  20.81B  1.81      6.7x     12.1x     1.81
2014 ANNUAL      39.28B  16.75B  2.35     11.9x      6.8x     2.35
2015 ANNUAL      38.01B  14.81B  2.57     10.0x      7.5x     2.57
2016 ANNUAL      36.78B  13.14B  2.80     20.9x      3.5x     2.80
2017 ANNUAL      34.88B  13.70B  2.55      7.8x      8.4x     2.55
2018 ANNUAL      36.55B  14.04B  2.60      4.4x     20.5x     2.60
2019 ANNUAL      37.66B  14.59B  2.58      4.5x     19.7x     2.58
2020 ANNUAL      37.16B  15.33B  2.42      8.2x      8.9x     1.81
2021 ANNUAL      37.79B  16.48B  2.29      5.5x     14.1x     1.73
2022 ANNUAL      36.99B  15.87B  2.33      4.2x     19.9x     1.89
2023 ANNUAL      37.88B  19.49B  1.94      2.9x     25.4x     1.59
2024 ANNUAL      38.41B  19.49B  1.97      2.9x     25.5x     1.62
2025 ANNUAL      43.33B  21.32B  2.03      3.9x     22.2x     1.56
audit debt-discipline
DEBT DISCIPLINE TICKER: [US.CAT - Caterpillar] PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]
[-] Leverage (D/E): 2.37 (< 0.5 = conservative, > 1.5 = aggressive)
[+] Interest Coverage: 22.2x (> 5x = safe, < 2x = risky)
[-] Net Cash Company: No (Net debt < 0 = Buffett favorite)
Metric Value
---------------------------------
Avg D/E 2.37
D/E Trend (Slope) -2.80%/yr
Last Interest Coverage 22.2x
Last Net D/E 1.56
Period Total Debt Equity D/E D/EBITDA Coverage Net D/E
------------------------------------------------------------------
2010 ANNUAL 28.42B 10.82B 2.63 7.2x 11.6x 2.63
2011 ANNUAL 34.59B 12.88B 2.69 4.8x 18.1x 2.69
2012 ANNUAL 40.14B 17.53B 2.29 4.4x 19.6x 2.29
2013 ANNUAL 37.75B 20.81B 1.81 6.7x 12.1x 1.81
2014 ANNUAL 39.28B 16.75B 2.35 11.9x 6.8x 2.35
2015 ANNUAL 38.01B 14.81B 2.57 10.0x 7.5x 2.57
2016 ANNUAL 36.78B 13.14B 2.80 20.9x 3.5x 2.80
2017 ANNUAL 34.88B 13.70B 2.55 7.8x 8.4x 2.55
2018 ANNUAL 36.55B 14.04B 2.60 4.4x 20.5x 2.60
2019 ANNUAL 37.66B 14.59B 2.58 4.5x 19.7x 2.58
2020 ANNUAL 37.16B 15.33B 2.42 8.2x 8.9x 1.81
2021 ANNUAL 37.79B 16.48B 2.29 5.5x 14.1x 1.73
2022 ANNUAL 36.99B 15.87B 2.33 4.2x 19.9x 1.89
2023 ANNUAL 37.88B 19.49B 1.94 2.9x 25.4x 1.59
2024 ANNUAL 38.41B 19.49B 1.97 2.9x 25.5x 1.62
2025 ANNUAL 43.33B 21.32B 2.03 3.9x 22.2x 1.56