Caterpillar Inc (CAT)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 19,491,000 | 19,397,000 | 17,130,000 | 17,639,000 | 19,494,000 | 20,489,000 | 18,235,000 | 18,149,000 | 15,869,000 | 15,591,000 | 15,727,000 | 17,065,000 | 16,484,000 | 16,665,000 | 16,833,000 | 16,573,000 | 15,331,000 | 14,949,000 | 13,734,000 | 14,197,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $19,491,000K
= 0.00
The debt-to-equity ratio of Caterpillar Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations or growth, relying solely on equity. A debt-to-equity ratio of 0.00 signifies that the company's financial structure is primarily equity-funded, which could suggest a conservative approach to leverage and financial risk management. It also indicates a strong financial position and stability, as there is no significant debt burden to service. However, it's important to note that a zero debt-to-equity ratio may also imply limited tax advantages and potential missed opportunities for leveraging debt to enhance returns for shareholders.
Peer comparison
Dec 31, 2024