Caterpillar Inc (CAT)
Current ratio
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 45,682,000 | 44,946,000 | 43,096,000 | 43,664,000 | 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 |
| Total current liabilities | US$ in thousands | 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 | 25,717,000 | 24,978,000 | 25,231,000 | 26,516,000 |
| Current ratio | 1.42 | 1.40 | 1.28 | 1.35 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $45,682,000K ÷ $32,272,000K
= 1.42
Caterpillar Inc's current ratio has fluctuated over the past few years, indicating changes in the company's liquidity position. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
From March 31, 2020, to December 31, 2024, Caterpillar Inc's current ratio ranged between 1.28 and 1.61. The ratio peaked at 1.61 on September 30, 2021, reflecting a strong ability to cover its short-term liabilities with current assets at that point in time.
However, the current ratio decreased to 1.28 on June 30, 2024, which may indicate a potential liquidity squeeze for Caterpillar Inc at that particular period.
Overall, while the current ratio has shown some variability, staying within the range of 1.28 to 1.61, it suggests that Caterpillar Inc has generally managed to maintain a satisfactory level of liquidity to meet its short-term obligations over the years analyzed.
Peer comparison
Dec 31, 2024