Caterpillar Inc (CAT)
Quick 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 | 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 |
| Receivables | US$ in thousands | 21,569,000 | 20,461,000 | 20,078,000 | 19,016,000 | 18,847,000 | 18,902,000 | 18,937,000 | 18,742,000 | 18,820,000 | 18,742,000 | 18,704,000 | 18,349,000 | 17,869,000 | 17,076,000 | 17,315,000 | 18,138,000 | 17,375,000 | 16,566,000 | 17,193,000 | 17,288,000 |
| 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 |
| Quick ratio | 0.86 | 0.78 | 0.73 | 0.69 | 0.80 | 0.64 | 0.69 | 0.74 | 0.80 | 0.84 | 0.75 | 0.80 | 0.79 | 0.84 | 0.83 | 0.86 | 0.92 | 1.00 | 1.42 | 1.50 |
December 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($9,980,000K
+ $—K
+ $21,569,000K)
÷ $36,558,000K
= 0.86
Peer comparison
Dec 31, 2025
Company name
Symbol
Quick ratio
Caterpillar Inc
CAT
0.86
Deere & Company
DE
0.51
Lindsay Corporation
LNN
2.53
Oshkosh Corporation
OSK
0.99
PACCAR Inc
PCAR
1.42