Caterpillar (CAT) Debt Ratio (2009 - 2026)

Caterpillar's Debt Ratio history runs 18 years deep, the most recent figure standing at 0.21 for Q1 2026.

• In Q1 2026, Debt Ratio rose 3.26% year-over-year to 0.21; the TTM figure through Mar 2026 stood at 0.21 (up 3.26% YoY), while the FY2025 annual figure was 0.11, down 69.96% from the prior year.
• Debt Ratio was 0.21 for Q1 2026 at Caterpillar, up from 0.11 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.39 in Q4 2022 to a low of 0.11 in Q4 2025.
• Historically, Debt Ratio has averaged 0.22 across 5 years, with a median of 0.2 in 2025.
• The sharpest annual moves came in 2024 and 2025: Debt Ratio jumped 64.22% in 2024, then sank 69.96% in 2025.
• A 5-year view of Debt Ratio shows it stood at 0.39 in 2022, then retreated by 13.89% to 0.33 in 2023, then rose by 8.67% to 0.36 in 2024, then tumbled by 69.96% to 0.11 in 2025, then soared by 92.68% to 0.21 in 2026.
• The last three Debt Ratio figures came in at 0.21 (Q1 2026), 0.11 (Q4 2025), and 0.18 (Q3 2025), per Business Quant data.