Caterpillar Inc (CAT)
Current ratio
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 46,949,000 | 48,005,000 | 47,000,000 | 45,660,000 | 43,785,000 | 42,577,000 | 41,982,000 | 42,570,000 | 43,455,000 | 41,893,000 | 42,946,000 | 42,581,000 | 39,464,000 | 38,534,000 | 37,862,000 | 37,586,000 | 39,193,000 | 39,160,000 | 39,789,000 | 39,126,000 |
| Total current liabilities | US$ in thousands | 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 | 25,717,000 | 24,978,000 | 25,231,000 | 26,516,000 | 26,621,000 | 27,201,000 | 27,735,000 | 27,388,000 |
| Current ratio | 1.35 | 1.45 | 1.33 | 1.43 | 1.39 | 1.41 | 1.45 | 1.44 | 1.46 | 1.61 | 1.56 | 1.60 | 1.53 | 1.54 | 1.50 | 1.42 | 1.47 | 1.44 | 1.43 | 1.43 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $46,949,000K ÷ $34,728,000K
= 1.35
The current ratio of Caterpillar Inc. has fluctuated over the past eight quarters, ranging from 0.92 to 1.43. In Q1 2023, the current ratio was at its highest at 1.43, indicating that the company had $1.43 in current assets for every $1 in current liabilities, reflecting strong liquidity. However, this ratio decreased in the following quarters, reaching a low of 0.93 in Q4 2023, suggesting a decline in the company's ability to cover its short-term obligations.
Overall, Caterpillar's current ratio has been somewhat volatile, with periods of both strength and weakness in liquidity. It is important for investors and analysts to closely monitor this ratio to assess the company's short-term financial health and ability to meet its current obligations.
Peer comparison
Dec 31, 2023