Caterpillar Inc (CAT)
Interest coverage
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 12,593,000 | 13,885,000 | 13,561,000 | 9,195,000 | 8,692,000 |
| Interest expense | US$ in thousands | 1,030,000 | 512,000 | 511,000 | 443,000 | 485,000 |
| Interest coverage | 12.23 | 27.12 | 26.54 | 20.76 | 17.92 |
December 31, 2025 calculation
Interest coverage = EBIT ÷ Interest expense
= $12,593,000K ÷ $1,030,000K
= 12.23
Peer comparison
Dec 31, 2025
Company name
Symbol
Interest coverage
Caterpillar Inc
CAT
12.23
Deere & Company
DE
2.97
Lindsay Corporation
LNN
52.60
Oshkosh Corporation
OSK
8.16
PACCAR Inc
PCAR
9.73