Caterpillar Inc (CAT)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 87,764,000 | 87,476,000 | 81,943,000 | 82,793,000 | 78,324,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $87,764,000K
= 0.00
The debt-to-assets ratio of Caterpillar Inc has consistently been 0.00 for the past five years, from December 31, 2020 to December 31, 2024. This indicates that the company has not utilized debt as a significant source of financing relative to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily financed by equity, which may indicate a strong financial position and lower financial risk. However, it's important to note that a low debt-to-assets ratio may also imply missed opportunities for leveraging debt to potentially enhance returns for shareholders.
Peer comparison
Dec 31, 2024