Caterpillar Inc (CAT)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 19,494,000 | 19,494,000 | 15,869,000 | 16,484,000 | 15,331,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $19,494,000K)
= 0.00
Caterpillar Inc's debt-to-capital ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This implies that the company has not utilized any debt in its capital structure during this period, indicating a strong financial position with a lower level of financial risk. A debt-to-capital ratio of 0.00 indicates that the company relies solely on equity financing to support its operations and growth initiatives. It is worth noting that a low debt-to-capital ratio can be perceived positively by investors and creditors, as it suggests the company has a lower level of financial leverage and thus may be better positioned to weather economic downturns or disruptions.
Peer comparison
Dec 31, 2024