Caterpillar Inc (CAT)
Interest coverage
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 12,596,000 | 12,442,000 | 12,184,000 | 12,896,000 | 13,885,000 | 13,910,000 | 14,331,000 | 14,473,000 | 13,561,000 | 12,402,000 | 11,425,000 | 9,850,000 | 9,195,000 | 9,653,000 | 8,875,000 | 8,661,000 | 8,692,000 | 7,089,000 | 6,199,000 | 5,022,000 |
| Interest expense (ttm) | US$ in thousands | 1,030,000 | 659,000 | 406,000 | 412,000 | 435,000 | 454,000 | 470,000 | 464,000 | 457,000 | 448,000 | 448,000 | 449,000 | 443,000 | 437,000 | 442,000 | 453,000 | 485,000 | 503,000 | 524,000 | 539,000 |
| Interest coverage | 12.23 | 18.88 | 30.01 | 31.30 | 31.92 | 30.64 | 30.49 | 31.19 | 29.67 | 27.68 | 25.50 | 21.94 | 20.76 | 22.09 | 20.08 | 19.12 | 17.92 | 14.09 | 11.83 | 9.32 |
December 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $12,596,000K ÷ $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
6.36
PACCAR Inc
PCAR
7.94