Caterpillar (CAT) Debt Ratio (2009 - 2026)

Caterpillar (CAT) posted quarterly Debt Ratio of 0.26 for Q1 2026, up 22.69% year-over-year from 0.21 in Q1 2025, and up 57.39% quarter-over-quarter from 0.16 in Q4 2025.

Caterpillar (CAT) Debt Ratio (2009 - 2026) Analysis & Trends

Caterpillar's Debt Ratio history runs 18 years deep, the most recent figure standing at 0.26 for Q1 2026.

  • In Q1 2026, Debt Ratio rose 22.69% year-over-year to 0.26; the TTM figure through Mar 2026 stood at 0.26 (up 22.69% YoY), while the FY2025 annual figure was 0.16, down 54.59% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.26, up from 0.16 in the prior quarter.
  • The five-year high for Debt Ratio was 0.39 in Q4 2022, with the low at 0.12 in Q1 2022.
  • The 5-year median for Debt Ratio is 0.21 (2025), against an average of 0.23.
  • The sharpest annual moves came in 2023 and 2025: Debt Ratio jumped 120.65% in 2023, then slumped 54.59% in 2025.
  • Caterpillar's Debt Ratio stood at 0.39 in 2022, then fell by 13.89% to 0.33 in 2023, then increased by 8.67% to 0.36 in 2024, then plunged by 54.59% to 0.16 in 2025, then jumped by 57.39% to 0.26 in 2026.
  • Business Quant data shows CAT's Debt Ratio at 0.26 in Q1 2026, 0.16 in Q4 2025, and 0.21 in Q3 2025.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Caterpillar 388.67 Bn 381.96 Bn 7.76 Bn 0.29
2 Deere 166.74 Bn 158.83 Bn 13.06 Bn 0.20
3 Paccar 69.66 Bn 60.99 Bn 1.56 Bn 0.23
4 CNH Industrial 13.23 Bn 11.37 Bn 1.41 Bn -
5 Oshkosh 9.74 Bn 9.34 Bn 480.30 Mn 0.11
6 Terex 7.70 Bn 7.29 Bn 444.00 Mn 0.26
7 Agco 7.22 Bn 6.64 Bn 645.90 Mn 0.27
8 Blue Bird 2.28 Bn 2.16 Bn 103.37 Mn 0.07
9 Alamo 2.06 Bn 1.87 Bn 110.86 Mn 0.15
10 Lindsay 1.19 Bn 1.04 Bn 47.83 Mn 0.14

Historic Data

Download Data
DateValue
Jun 30, 2026 0.29
Mar 31, 2026 0.26
Dec 31, 2025 0.16
Sep 30, 2025 0.21
Jun 30, 2025 0.19
Mar 31, 2025 0.21
Dec 31, 2024 0.36
Sep 30, 2024 0.30
Jun 30, 2024 0.18
Mar 31, 2024 0.14
Dec 31, 2023 0.33
Sep 30, 2023 0.27
Jun 30, 2023 0.26
Mar 31, 2023 0.26
Dec 31, 2022 0.39
Sep 30, 2022 0.17
Jun 30, 2022 0.12
Mar 31, 2022 0.12
Dec 31, 2021 0.38
Sep 30, 2021 0.22