Caterpillar Inc (CAT)
Cash ratio
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 9,980,000 | 7,538,000 | 5,442,000 | 3,562,000 | 6,889,000 | 5,638,000 | 4,341,000 | 4,959,000 | 6,978,000 | 6,545,000 | 7,387,000 | 6,789,000 | 7,004,000 | 6,346,000 | 6,014,000 | 6,526,000 | 9,254,000 | 9,446,000 | 11,067,000 | 11,351,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | -3,826,000 | — | 400,000 | 1,900,000 | 2,550,000 | 500,000 | 250,000 | — | 2,021,000 | 659,000 | 813,000 | 964,000 | — | 10,831,000 | 11,342,000 |
| Total current liabilities | US$ in thousands | 36,558,000 | 35,991,000 | 34,934,000 | 32,595,000 | 32,272,000 | 32,218,000 | 33,564,000 | 32,371,000 | 34,728,000 | 33,124,000 | 35,314,000 | 31,842,000 | 31,531,000 | 30,202,000 | 28,963,000 | 29,532,000 | 29,847,000 | 25,976,000 | 27,508,000 | 26,578,000 |
| Cash ratio | 0.27 | 0.21 | 0.16 | 0.11 | 0.21 | 0.06 | 0.13 | 0.17 | 0.26 | 0.27 | 0.22 | 0.22 | 0.22 | 0.28 | 0.23 | 0.25 | 0.34 | 0.36 | 0.80 | 0.85 |
December 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($9,980,000K
+ $—K)
÷ $36,558,000K
= 0.27
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash ratio
Caterpillar Inc
CAT
0.27
Deere & Company
DE
0.28
Lindsay Corporation
LNN
1.75
Oshkosh Corporation
OSK
0.18
PACCAR Inc
PCAR
1.17