80/100B605.30
USD
20.83
(3.56%)
Pre Open·600.21USD-5.09(-0.84%)
Last updated: · Delayed 15 min
Fair value453.41Plus+33%317Price 605.301,351
Q4 FY2026 · Earnings report
EPS estimate 6.53Revenue estimate 20.76B
Q4 FY2026 · Earnings report
EPS estimate 6.53Revenue estimate 20.76B
Caterpillar debt to equity ratioWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Caterpillar's debt to equity ratio is 2.10: total debt of 45.20B USD against shareholders' equity of 21.48B USD.
- Today
- 2.10
- Average, 5 years
- 2.14
- Low, 5 years
- 1.81
- High, 5 years
- 2.35
Debt to equity = total debt ÷ shareholders' equity = 45.20B ÷ 21.48B = 2.10
Debt to equity
Total debt
Shareholders' equity
Total debt over shareholders' equity at each quarter end.
Debt to equity by year and by quarter
| Fiscal year | Period ending | Debt to equity | Total debt | Shareholders' equity |
|---|---|---|---|---|
| Today | 2.10 | 45.20B | 21.48B | |
| FY2025 | 31 Dec 2025 | 2.03 | 43.33B | 21.32B |
| FY2024 | 31 Dec 2024 | 1.97 | 38.41B | 19.49B |
| FY2023 | 31 Dec 2023 | 1.94 | 37.88B | 19.49B |
| FY2022 | 31 Dec 2022 | 2.33 | 36.99B | 15.87B |
| FY2021 | 31 Dec 2021 | 2.29 | 37.79B | 16.48B |
| FY2020 | 31 Dec 2020 | 2.42 | 37.16B | 15.33B |
| FY2019 | 31 Dec 2019 | 2.58 | 37.66B | 14.59B |
| FY2018 | 31 Dec 2018 | 2.60 | 36.55B | 14.04B |
| FY2017 | 31 Dec 2017 | 2.55 | 34.88B | 13.70B |
| FY2016 | 31 Dec 2016 | 2.80 | 36.78B | 13.14B |
| FY2015 | 31 Dec 2015 | 2.57 | 38.01B | 14.81B |
| FY2014 | 31 Dec 2014 | 2.35 | 39.29B | 16.75B |
| FY2013 | 31 Dec 2013 | 1.81 | 37.75B | 20.81B |
| FY2012 | 31 Dec 2012 | 2.29 | 40.14B | 17.53B |
| FY2011 | 31 Dec 2011 | 2.69 | 34.59B | 12.88B |
| FY2010 | 31 Dec 2010 | 2.63 | 28.42B | 10.82B |
| FY2009 | 31 Dec 2009 | 3.62 | 31.63B | 8.74B |
| FY2008 | 31 Dec 2008 | 5.84 | 35.54B | 6.09B |
| FY2007 | 31 Dec 2007 | 3.20 | 28.43B | 8.88B |
| FY2006 | 31 Dec 2006 | 3.98 | 27.30B | 6.86B |
| FY2005 | 31 Dec 2005 | 3.05 | 25.75B | 8.43B |
| FY2004 | 31 Dec 2004 | 3.15 | 23.53B | 7.47B |
| FY2003 | 31 Dec 2003 | 3.34 | 20.28B | 6.08B |
| FY2002 | 31 Dec 2002 | 3.26 | 17.86B | 5.47B |
| FY2001 | 31 Dec 2001 | 2.96 | 16.60B | 5.61B |
| FY2000 | 31 Dec 2000 | 2.69 | 15.07B | 5.60B |
| FY1999 | 31 Dec 1999 | 2.53 | 13.80B | 5.47B |
| FY1998 | 31 Dec 1998 | 2.43 | 12.45B | 5.13B |
| FY1997 | 31 Dec 1997 | 1.83 | 8.57B | 4.68B |
| FY1996 | 31 Dec 1996 | 1.81 | 7.46B | 4.12B |
| FY1995 | 31 Dec 1995 | 1.89 | 6.40B | 3.39B |
| FY1994 | 31 Dec 1994 | 2.03 | 5.90B | 2.91B |
| FY1993 | 31 Dec 1993 | 2.47 | 5.43B | 2.20B |
| FY1992 | 31 Dec 1992 | 3.60 | 5.67B | 1.58B |
| FY1991 | 31 Dec 1991 | 1.30 | 5.25B | 4.04B |
| FY1990 | 31 Dec 1990 | 1.04 | 4.72B | 4.54B |
| FY1989 | 31 Dec 1989 | 0.89 | 3.99B | 4.47B |
| FY1988 | 31 Dec 1988 | 0.79 | 3.26B | 4.11B |
| FY1987 | 31 Dec 1987 | 0.42 | 1.48B | 3.57B |
| FY1986 | 31 Dec 1986 | 0.50 | 1.58B | 3.15B |
| FY1985 | 31 Dec 1985 | 0.46 | 1.40B | 3.07B |
| Quarter | Period ending | Debt to equity | Total debt | Shareholders' equity |
|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 2.10 | 45.20B | 21.48B |
| Q2 FY2026 | 30 Jun 2026 | 2.33 | 45.15B | 19.40B |
| Q1 FY2026 | 31 Mar 2026 | 2.31 | 43.07B | 18.66B |
| Q4 FY2025 | 31 Dec 2025 | 2.03 | 43.33B | 21.32B |
| Q3 FY2025 | 30 Sept 2025 | 2.01 | 41.53B | 20.66B |
| Q2 FY2025 | 30 Jun 2025 | 2.18 | 40.75B | 18.66B |
| Q1 FY2025 | 31 Mar 2025 | 2.14 | 38.59B | 18.07B |
| Q4 FY2024 | 31 Dec 2024 | 1.97 | 38.41B | 19.49B |
| Q3 FY2024 | 30 Sept 2024 | 1.95 | 37.90B | 19.40B |
| Q2 FY2024 | 30 Jun 2024 | 2.18 | 37.31B | 17.13B |
| Q1 FY2024 | 31 Mar 2024 | 2.15 | 37.85B | 17.64B |
| Q4 FY2023 | 31 Dec 2023 | 1.94 | 37.88B | 19.49B |
| Q3 FY2023 | 30 Sept 2023 | 1.81 | 37.14B | 20.49B |
| Q2 FY2023 | 30 Jun 2023 | 2.07 | 37.70B | 18.24B |
| Q1 FY2023 | 31 Mar 2023 | 2.04 | 37.04B | 18.15B |
| Q4 FY2022 | 31 Dec 2022 | 2.33 | 36.99B | 15.87B |
| Q3 FY2022 | 30 Sept 2022 | 2.34 | 36.53B | 15.59B |
| Q2 FY2022 | 30 Jun 2022 | 2.35 | 36.96B | 15.73B |
| Q1 FY2022 | 31 Mar 2022 | 2.20 | 37.58B | 17.07B |
| Q4 FY2021 | 31 Dec 2021 | 2.29 | 37.79B | 16.48B |
| Q3 FY2021 | 30 Sept 2021 | 2.21 | 36.78B | 16.67B |
| Q2 FY2021 | 30 Jun 2021 | 2.23 | 37.59B | 16.83B |
| Q1 FY2021 | 31 Mar 2021 | 2.30 | 38.18B | 16.57B |
| Q4 FY2020 | 31 Dec 2020 | 2.42 | 37.16B | 15.33B |
| Q3 FY2020 | 30 Sept 2020 | 2.55 | 38.13B | 14.95B |
| Q2 FY2020 | 30 Jun 2020 | 2.81 | 38.62B | 13.73B |
| Q1 FY2020 | 31 Mar 2020 | 2.61 | 37.09B | 14.20B |
| Q4 FY2019 | 31 Dec 2019 | 2.58 | 37.66B | 14.59B |
| Q3 FY2019 | 30 Sept 2019 | 2.54 | 37.91B | 14.95B |
| Q2 FY2019 | 30 Jun 2019 | 2.45 | 36.28B | 14.84B |
| Q1 FY2019 | 31 Mar 2019 | 2.32 | 35.78B | 15.44B |
| Q4 FY2018 | 31 Dec 2018 | 2.60 | 36.55B | 14.04B |
| Q3 FY2018 | 30 Sept 2018 | 2.26 | 35.77B | 15.85B |
| Q2 FY2018 | 30 Jun 2018 | 2.43 | 36.17B | 14.88B |
| Q1 FY2018 | 31 Mar 2018 | 2.32 | 35.32B | 15.21B |
| Q4 FY2017 | 31 Dec 2017 | 2.55 | 34.88B | 13.70B |
| Q3 FY2017 | 30 Sept 2017 | 2.30 | 35.92B | 15.63B |
| Q2 FY2017 | 30 Jun 2017 | 2.65 | 37.19B | 14.01B |
| Q1 FY2017 | 31 Mar 2017 | 2.82 | 38.28B | 13.59B |
| Q4 FY2016 | 31 Dec 2016 | 2.80 | 36.78B | 13.14B |
| Q3 FY2016 | 30 Sept 2016 | 2.37 | 37.11B | 15.65B |
| Q2 FY2016 | 30 Jun 2016 | 2.52 | 38.32B | 15.23B |
| Q1 FY2016 | 31 Mar 2016 | 2.45 | 38.36B | 15.68B |
| Q4 FY2015 | 31 Dec 2015 | 2.57 | 38.01B | 14.81B |
| Q3 FY2015 | 30 Sept 2015 | 2.36 | 37.54B | 15.90B |
| Q2 FY2015 | 30 Jun 2015 | 2.24 | 38.32B | 17.09B |
| Q1 FY2015 | 31 Mar 2015 | 2.29 | 38.78B | 16.96B |
| Q4 FY2014 | 31 Dec 2014 | 2.35 | 39.29B | 16.75B |
| Q3 FY2014 | 30 Sept 2014 | 2.09 | 39.28B | 18.82B |
| Q2 FY2014 | 30 Jun 2014 | 1.93 | 40.24B | 20.86B |
| Q1 FY2014 | 31 Mar 2014 | 1.88 | 38.09B | 20.31B |
| Q4 FY2013 | 31 Dec 2013 | 1.81 | 37.75B | 20.81B |
| Q3 FY2013 | 30 Sept 2013 | 2.18 | 39.54B | 18.11B |
| Q2 FY2013 | 30 Jun 2013 | 2.24 | 39.55B | 17.62B |
| Q1 FY2013 | 31 Mar 2013 | 2.22 | 40.49B | 18.27B |
| Q4 FY2012 | 31 Dec 2012 | 2.29 | 40.14B | 17.53B |
| Q3 FY2012 | 30 Sept 2012 | 2.23 | 39.85B | 17.88B |
| Q2 FY2012 | 30 Jun 2012 | 2.47 | 39.32B | 15.93B |
| Q1 FY2012 | 31 Mar 2012 | 2.40 | 35.95B | 14.97B |
| Q4 FY2011 | 31 Dec 2011 | 2.69 | 34.59B | 12.88B |
| Q3 FY2011 | 30 Sept 2011 | 2.42 | 34.29B | 14.16B |
| Q2 FY2011 | 30 Jun 2011 | 2.57 | 34.38B | 13.39B |
| Q1 FY2011 | 31 Mar 2011 | 2.34 | 29.59B | 12.63B |
| Q4 FY2010 | 31 Dec 2010 | 2.63 | 28.42B | 10.82B |
| Q3 FY2010 | 30 Sept 2010 | 2.91 | 28.61B | 9.84B |
| Q2 FY2010 | 30 Jun 2010 | 3.17 | 29.15B | 9.19B |
| Q1 FY2010 | 31 Mar 2010 | 3.37 | 30.17B | 8.94B |
| Q4 FY2009 | 31 Dec 2009 | 3.62 | 31.63B | 8.74B |
| Q3 FY2009 | 30 Sept 2009 | 4.03 | 32.12B | 7.98B |
| Q2 FY2009 | 30 Jun 2009 | 4.58 | 33.30B | 7.28B |
| Q1 FY2009 | 31 Mar 2009 | 5.60 | 34.89B | 6.23B |
| Q4 FY2008 | 31 Dec 2008 | 5.84 | 35.54B | 6.09B |
| Q3 FY2008 | 30 Sept 2008 | 3.54 | 34.16B | 9.65B |
| Q2 FY2008 | 30 Jun 2008 | 3.27 | 31.00B | 9.47B |
| Q1 FY2008 | 31 Mar 2008 | 3.23 | 29.81B | 9.22B |
| Q4 FY2007 | 31 Dec 2007 | 3.20 | 28.43B | 8.88B |
| Q3 FY2007 | 30 Sept 2007 | 3.19 | 27.46B | 8.61B |
| Q2 FY2007 | 30 Jun 2007 | 3.52 | 27.56B | 7.83B |
| Q1 FY2007 | 31 Mar 2007 | 3.65 | 27.36B | 7.49B |
| Q4 FY2006 | 31 Dec 2006 | 3.98 | 27.30B | 6.86B |
| Q3 FY2006 | 30 Sept 2006 | 3.04 | 27.41B | 9.03B |
| Q2 FY2006 | 30 Jun 2006 | 3.16 | 27.29B | 8.63B |
| Q1 FY2006 | 31 Mar 2006 | 2.89 | 25.87B | 8.96B |
| Q4 FY2005 | 31 Dec 2005 | 3.05 | 25.75B | 8.43B |
| Q3 FY2005 | 30 Sept 2005 | 2.98 | 25.03B | 8.39B |
| Q2 FY2005 | 30 Jun 2005 | 3.18 | 24.48B | 7.71B |
| Q1 FY2005 | 31 Mar 2005 | 3.15 | 24.43B | 7.75B |
| Q4 FY2004 | 31 Dec 2004 | 3.15 | 23.53B | 7.47B |
| Q3 FY2004 | 30 Sept 2004 | 3.17 | 22.27B | 7.02B |
| Q2 FY2004 | 30 Jun 2004 | 3.24 | 21.41B | 6.61B |
| Q1 FY2004 | 31 Mar 2004 | 3.30 | 20.91B | 6.33B |
| Q4 FY2003 | 31 Dec 2003 | 3.34 | 20.28B | 6.08B |
| Q3 FY2003 | 30 Sept 2003 | 2.98 | 18.73B | 6.29B |
| Q2 FY2003 | 30 Jun 2003 | 3.06 | 18.14B | 5.93B |
| Q1 FY2003 | 31 Mar 2003 | 3.24 | 18.26B | 5.64B |
| Q4 FY2002 | 31 Dec 2002 | 3.26 | 17.86B | 5.47B |
| Q3 FY2002 | 30 Sept 2002 | 2.97 | 17.76B | 5.98B |
| Q2 FY2002 | 30 Jun 2002 | 3.17 | 18.27B | 5.76B |
| Q1 FY2002 | 31 Mar 2002 | 3.03 | 17.17B | 5.67B |
| Q4 FY2001 | 31 Dec 2001 | 2.96 | 16.60B | 5.61B |
| Q3 FY2001 | 30 Sept 2001 | 2.20 | 12.93B | 5.88B |
| Q2 FY2001 | 30 Jun 2001 | 2.96 | 16.75B | 5.66B |
| Q1 FY2001 | 31 Mar 2001 | 2.83 | 16.04B | 5.68B |
| Q4 FY2000 | 31 Dec 2000 | 2.69 | 15.07B | 5.60B |
| Q3 FY2000 | 30 Sept 2000 | 2.64 | 14.66B | 5.55B |
| Q2 FY2000 | 30 Jun 2000 | 2.70 | 14.74B | 5.46B |
| Q1 FY2000 | 31 Mar 2000 | 2.53 | 13.92B | 5.50B |
| Q4 FY1999 | 31 Dec 1999 | 2.53 | 13.80B | 5.47B |
| Q3 FY1999 | 30 Sept 1999 | 2.52 | 13.60B | 5.40B |
| Q2 FY1999 | 30 Jun 1999 | 2.67 | 14.00B | 5.25B |
| Q1 FY1999 | 31 Mar 1999 | 2.43 | 12.93B | 5.31B |
| Q4 FY1998 | 31 Dec 1998 | 2.43 | 12.45B | 5.13B |
| Q3 FY1998 | 30 Sept 1998 | 2.37 | 12.23B | 5.17B |
| Q2 FY1998 | 30 Jun 1998 | 2.39 | 12.25B | 5.13B |
| Q1 FY1998 | 31 Mar 1998 | 2.11 | 10.55B | 5.01B |
| Q4 FY1997 | 31 Dec 1997 | 1.83 | 8.57B | 4.68B |
| Q3 FY1997 | 30 Sept 1997 | 1.88 | 8.83B | 4.69B |
| Q2 FY1997 | 30 Jun 1997 | 1.86 | 8.38B | 4.52B |
| Q1 FY1997 | 31 Mar 1997 | 1.78 | 7.79B | 4.37B |
| Q4 FY1996 | 31 Dec 1996 | 1.81 | 7.46B | 4.12B |
| Q3 FY1996 | 30 Sept 1996 | 1.58 | 7.45B | 4.73B |
| Q2 FY1996 | 30 Jun 1996 | 1.83 | 6.93B | 3.79B |
| Q1 FY1996 | 31 Mar 1996 | 1.80 | 6.55B | 3.64B |
| Q4 FY1995 | 31 Dec 1995 | 1.89 | 6.40B | 3.39B |
| Q3 FY1995 | 30 Sept 1995 | 1.94 | 6.76B | 3.49B |
| Q2 FY1995 | 30 Jun 1995 | 2.04 | 6.90B | 3.38B |
| Q1 FY1995 | 31 Mar 1995 | 1.88 | 5.99B | 3.18B |
| Q4 FY1994 | 31 Dec 1994 | 2.03 | 5.90B | 2.91B |
| Q3 FY1994 | 30 Sept 1994 | 2.03 | 5.68B | 2.80B |
| Q2 FY1994 | 30 Jun 1994 | 2.15 | 5.54B | 2.57B |
| Q1 FY1994 | 31 Mar 1994 | 2.14 | 5.03B | 2.35B |
| Q4 FY1993 | 31 Dec 1993 | 2.47 | 5.43B | 2.20B |
| Q3 FY1993 | 30 Sept 1993 | 2.68 | 5.74B | 2.14B |
| Q2 FY1993 | 30 Jun 1993 | 3.46 | 5.79B | 1.67B |
| Q1 FY1993 | 31 Mar 1993 | 3.57 | 5.71B | 1.60B |
| Q4 FY1992 | 31 Dec 1992 | 3.60 | 5.67B | 1.58B |
| Q3 FY1992 | 30 Sept 1992 | 1.44 | 5.56B | 3.87B |
| Q2 FY1992 | 30 Jun 1992 | 1.42 | 5.42B | 3.83B |
| Q1 FY1992 | 31 Mar 1992 | 1.33 | 5.22B | 3.93B |
| Q4 FY1991 | 31 Dec 1991 | 1.30 | 5.25B | 4.04B |
| Q3 FY1991 | 30 Sept 1991 | 1.20 | 5.29B | 4.40B |
| Q2 FY1991 | 30 Jun 1991 | 1.18 | 5.22B | 4.43B |
| Q1 FY1991 | 31 Mar 1991 | 1.10 | 4.96B | 4.51B |
| Q4 FY1990 | 31 Dec 1990 | 1.04 | 4.72B | 4.54B |
| Q3 FY1990 | 30 Sept 1990 | 0.97 | 4.42B | 4.56B |
| Q2 FY1990 | 30 Jun 1990 | 0.98 | 4.44B | 4.52B |
| Q1 FY1990 | 31 Mar 1990 | 0.83 | 3.78B | 4.57B |
| Q4 FY1989 | 31 Dec 1989 | 0.89 | 3.99B | 4.47B |
| Q3 FY1989 | 30 Sept 1989 | 0.85 | 3.74B | 4.41B |
| Q2 FY1989 | 30 Jun 1989 | 0.84 | 3.65B | 4.33B |
| Q1 FY1989 | 31 Mar 1989 | — | — | — |
| Q4 FY1988 | 31 Dec 1988 | 0.79 | 3.26B | 4.11B |
| Q3 FY1988 | 30 Sept 1988 | — | — | — |
| Q2 FY1988 | 30 Jun 1988 | — | — | — |
| Q1 FY1988 | 31 Mar 1988 | — | — | — |
| Q4 FY1987 | 31 Dec 1987 | 0.42 | 1.48B | 3.57B |
| Q3 FY1987 | 30 Sept 1987 | — | — | — |
| Q2 FY1987 | 30 Jun 1987 | — | — | — |
| Q1 FY1987 | 31 Mar 1987 | — | — | — |
| Q4 FY1986 | 31 Dec 1986 | 0.50 | 1.58B | 3.15B |
| Q3 FY1986 | 30 Sept 1986 | — | — | — |
| Q2 FY1986 | 30 Jun 1986 | — | — | — |
| Q1 FY1986 | 31 Mar 1986 | — | — | — |
| Q4 FY1985 | 31 Dec 1985 | 0.46 | 1.40B | 3.07B |
| Q3 FY1985 | 30 Sept 1985 | — | — | — |
Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,Dividend yield,ROE (return on equity),Current ratio,All ratios
Common questions about Caterpillar's debt to equity
Source: Financial Modeling PrepVerified against SEC filings