Caterpillar Inc (CAT)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 10,831,000 | 11,342,000 | 9,352,000 | 9,315,000 | 8,784,000 | 7,123,000 |
| 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 | 9,352,000 | 9,315,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 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 | 0.79 | 0.85 | 0.73 | 0.75 | 0.35 | 0.27 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,889,000K
+ $—K
+ $—K)
÷ $32,272,000K
= 0.21
The quick ratio of Caterpillar Inc fluctuated over the observed period. It started at a low of 0.27 on March 31, 2020, gradually increasing to 0.85 on March 31, 2021, indicating an improvement in the company's ability to meet its short-term obligations with its most liquid assets. However, the ratio decreased in the following quarters, hitting a low of 0.06 on September 30, 2024 before rising again to 0.21 on December 31, 2024. Overall, the quick ratio trend suggests some variability in Caterpillar Inc's liquidity position, with a general pattern of improvement followed by periods of decline.
Peer comparison
Dec 31, 2024