Caterpillar Inc. (CAT)

Solvency & Capital Structure

Total Debt

$43.07B

Net Debt

$38.99B

Caterpillar Inc. currently has $43.07B in total debt. Net debt is $38.99B after cash offsets.

Financial Fundamentals

CAT • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	43.07	4.07	38.99	95.55	45.1%
2025-12-31	43.33	9.98	33.35	98.58	44.0%
2025-09-30	41.53	7.54	34.00	93.72	44.3%
2025-06-30	40.75	5.44	35.31	90.33	45.1%
2025-03-31	38.59	3.56	35.03	84.97	45.4%
2024-12-31	38.41	6.89	31.52	87.76	43.8%
2024-09-30	37.90	5.64	32.26	86.27	43.9%
2024-06-30	37.31	4.34	32.97	83.34	44.8%
2024-03-31	37.85	4.96	32.89	83.74	45.2%
2023-12-31	37.88	6.98	30.90	87.48	43.3%
2023-09-30	37.14	6.54	30.59	86.79	42.8%
2023-06-30	37.70	7.39	30.31	85.43	44.1%
2023-03-31	37.04	6.79	30.25	83.65	44.3%
2022-12-31	36.99	7.00	29.99	81.94	45.1%
2022-09-30	36.52	6.35	30.18	80.91	45.1%
2022-06-30	36.96	6.01	30.95	81.11	45.6%
2022-03-31	37.58	6.53	31.06	82.28	45.7%
2021-12-31	37.79	9.25	28.54	82.79	45.6%
2021-09-30	36.78	9.45	27.34	80.78	45.5%
2021-06-30	37.59	11.07	26.52	81.70	46.0%
2021-03-31	38.18	11.35	26.83	80.73	47.3%
2020-12-31	37.16	9.35	27.81	78.32	47.4%
2020-09-30	38.13	9.31	28.81	76.74	49.7%
2020-06-30	38.62	8.78	29.84	76.57	50.4%
2020-03-31	37.09	7.12	29.97	75.89	48.9%
2019-12-31	37.66	8.28	29.37	78.45	48.0%
2019-09-30	37.91	7.91	30.00	77.99	48.6%
2019-06-30	36.28	7.43	28.85	79.19	45.8%
2019-03-31	35.78	7.13	28.65	78.73	45.5%
2018-12-31	36.55	7.86	28.70	78.51	46.6%
2018-09-30	35.77	8.01	27.77	78.21	45.7%
2018-06-30	36.17	8.65	27.52	78.99	45.8%
2018-03-31	35.31	7.89	27.43	78.01	45.3%
2017-12-31	34.88	8.26	26.62	76.96	45.3%
2017-09-30	35.92	9.59	26.33	78.56	45.7%
2017-06-30	37.19	10.23	26.96	78.51	47.4%
2017-03-31	38.28	9.47	28.81	77.55	49.4%
2016-12-31	36.78	7.17	29.61	74.70	49.2%
2016-09-30	37.11	6.11	31.00	76.40	48.6%
2016-06-30	38.32	6.76	31.56	78.30	48.9%
2016-03-31	38.36	5.89	32.48	78.31	49.0%
2015-12-31	38.01	6.46	31.55	78.34	48.5%
2015-09-30	37.54	6.05	31.50	78.97	47.5%
2015-06-30	38.32	7.82	30.50	82.24	46.6%
2015-03-31	38.77	7.56	31.21	82.49	47.0%
2014-12-31	39.28	7.34	31.94	84.68	46.4%
2014-09-30	39.28	6.08	33.20	84.49	46.5%
2014-06-30	40.24	7.93	32.32	87.83	45.8%
2014-03-31	38.09	5.34	32.75	84.40	45.1%
2013-12-31	37.75	6.08	31.67	84.90	44.5%
2013-09-30	39.54	6.36	33.18	87.27	45.3%
2013-06-30	39.55	6.11	33.44	87.38	45.3%
2013-03-31	40.49	5.98	34.50	88.74	45.6%
2012-12-31	40.14	5.49	34.65	88.97	45.1%
2012-09-30	39.85	5.69	34.16	90.54	44.0%
2012-06-30	39.32	5.10	34.21	88.84	44.3%
2012-03-31	35.95	2.86	33.09	83.91	42.8%
2011-12-31	34.59	3.06	31.54	81.22	42.6%
2011-09-30	34.29	3.23	31.06	77.77	44.1%
2011-06-30	34.38	10.71	23.67	73.61	46.7%
2011-03-31	29.59	4.87	24.72	66.39	44.6%
2010-12-31	28.42	3.59	24.83	64.02	44.4%
2010-09-30	28.61	2.27	26.34	61.64	46.4%
2010-06-30	29.15	3.60	25.56	58.79	49.6%
2010-03-31	30.17	3.54	26.63	58.84	51.3%
2009-12-31	31.63	4.87	26.76	60.04	52.7%
2009-09-30	32.12	4.19	27.93	60.84	52.8%
2009-06-30	33.30	3.99	29.30	62.09	53.6%
2009-03-31	34.89	3.57	31.32	64.44	54.1%
2008-12-31	35.53	2.74	32.80	67.78	52.4%
2008-09-30	34.16	2.14	32.03	64.23	53.2%
2008-06-30	31.00	0.78	30.21	60.45	51.3%
2008-03-31	29.80	0.78	29.03	58.20	51.2%
2007-12-31	28.43	1.12	27.31	56.13	50.6%
2007-09-30	27.45	0.91	26.55	54.80	50.1%
2007-06-30	27.56	0.56	26.99	53.51	51.5%
2007-03-31	27.36	0.61	26.75	52.25	52.4%
2006-12-31	27.30	0.53	26.77	51.45	53.1%
2006-09-30	27.41	0.55	26.86	50.48	54.3%
2006-06-30	27.29	0.65	26.64	49.91	54.7%
2006-03-31	25.87	0.81	25.06	47.96	53.9%
2005-12-31	25.75	1.11	24.64	47.55	54.1%
2005-09-30	25.03	0.97	24.07	45.87	54.6%
2005-06-30	24.48	0.75	23.73	44.82	54.6%
2005-03-31	24.43	0.52	23.92	44.35	55.1%
2004-12-31	23.52	0.45	23.08	43.09	54.6%
2004-09-30	22.27	0.42	21.86	40.39	55.1%
2004-06-30	21.41	0.47	20.95	38.72	55.3%
2004-03-31	20.91	0.37	20.54	37.86	55.2%
2003-12-31	20.28	0.34	19.94	36.71	55.3%
2003-09-30	18.73	0.40	18.33	35.07	53.4%
2003-06-30	18.14	0.31	17.83	34.22	53.0%
2003-03-31	18.26	0.33	17.93	33.54	54.4%
2002-12-31	17.86	0.31	17.55	32.70	54.6%
2002-09-30	17.76	0.45	17.31	32.37	54.9%
2002-06-30	18.27	0.28	17.99	32.73	55.8%
2002-03-31	17.17	0.30	16.86	31.15	55.1%
2001-12-31	16.60	0.40	16.20	30.66	54.2%
2001-09-30	12.93	0.23	12.70	29.90	43.2%
2001-06-30	16.75	0.27	16.48	30.28	55.3%
2001-03-31	16.04	0.25	15.79	29.23	54.9%
2000-12-31	15.07	0.33	14.73	28.46	52.9%
2000-09-30	14.66	0.40	14.26	27.84	52.7%
2000-06-30	14.74	0.47	14.27	27.88	52.8%
2000-03-31	13.92	0.44	13.49	26.96	51.6%
1999-12-31	13.80	0.55	13.25	26.71	51.7%
1999-09-30	13.60	0.28	13.31	26.46	51.4%
1999-06-30	14.00	0.33	13.68	26.75	52.3%
1999-03-31	12.93	0.24	12.69	25.72	50.3%
1998-12-31	12.45	0.36	12.09	25.13	49.6%
1998-09-30	12.23	0.23	12.00	25.13	48.7%
1998-06-30	12.25	0.22	12.03	25.11	48.8%
1998-03-31	10.55	0.31	10.24	23.58	44.7%
1997-12-31	8.57	0.29	8.28	20.76	41.3%
1997-09-30	8.83	0.79	8.04	20.76	42.5%
1997-06-30	8.38	0.56	7.83	20.20	41.5%
1997-03-31	7.79	0.52	7.28	19.29	40.4%
1996-12-31	7.46	0.49	6.97	18.73	39.8%
1996-09-30	7.45	0.76	6.69	19.74	37.7%
1996-06-30	6.93	0.63	6.30	18.12	38.2%