Caterpillar (CAT) Debt Ratio (2009 - 2026)
Caterpillar's (CAT) Debt Ratio stood at 0.44 in Q2 2026, down 2.5% from 0.45 a year earlier and down 2.4% from the prior quarter.
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Analysis
Caterpillar (CAT) Debt Ratio (2009 - 2026) Analysis & Trends
Starting with Q4 2009, Caterpillar's Debt Ratio history includes 66 quarters.
- Across earlier years, Debt Ratio came in at 0.44 in FY2024 (+1.1%), 0.43 in FY2023 (-4.1%), 0.45 in FY2022 (-1.1%) and 0.46 in FY2021 (-3.8%).
- Quarterly Debt Ratio has ranged from 0.43 in Q3 2023 to 0.46 in Q1 2022 over the past five years.
- On a year-over-year basis, Debt Ratio rose in six of the last eight quarters, with growth averaging 0.4%.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 2.7% in Q3 2024, against a decline of 8.3% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.45 (Q1 2026), 0.44 (Q4 2025) and 0.44 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 351.94 Bn | 323.64 Bn | 7.76 Bn | 0.44 |
| 2 | Amphenol | 209.39 Bn | 203.97 Bn | 3.55 Bn | 0.42 |
| 3 | Deere | 174.05 Bn | 142.14 Bn | 4.66 Bn | 0.22 |
| 4 | Eaton | 165.12 Bn | 162.30 Bn | 2.86 Bn | 0.37 |
| 5 | Parker-Hannifin | 120.51 Bn | 118.63 Bn | 2.25 Bn | 0.28 |
| 6 | Emerson Electric | 90.72 Bn | 83.46 Bn | 2.66 Bn | 0.31 |
| 7 | Vertiv Holdings | 90.08 Bn | 80.70 Bn | 1.23 Bn | 0.18 |
| 8 | 3M | 83.97 Bn | 65.37 Bn | 2.68 Bn | 0.36 |
| 9 | Illinois Tool Works | 75.88 Bn | 72.44 Bn | 1.90 Bn | 0.59 |
| 10 | Cummins | 72.44 Bn | 68.52 Bn | 2.47 Bn | 0.21 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.44 |
| Mar 31, 2026 | 0.45 |
| Dec 31, 2025 | 0.44 |
| Sep 30, 2025 | 0.44 |
| Jun 30, 2025 | 0.45 |
| Mar 31, 2025 | 0.45 |
| Dec 31, 2024 | 0.44 |
| Sep 30, 2024 | 0.44 |
| Jun 30, 2024 | 0.45 |
| Mar 31, 2024 | 0.45 |
| Dec 31, 2023 | 0.43 |
| Sep 30, 2023 | 0.43 |
| Jun 30, 2023 | 0.44 |
| Mar 31, 2023 | 0.44 |
| Dec 31, 2022 | 0.45 |
| Sep 30, 2022 | 0.45 |
| Jun 30, 2022 | 0.46 |
| Mar 31, 2022 | 0.46 |
| Dec 31, 2021 | 0.46 |
| Sep 30, 2021 | 0.46 |
API Access
Caterpillar Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=CAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "CAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=CAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();