Cummins (CMI) Debt Ratio (2009 - 2026)

Cummins' (CMI) quarterly Debt Ratio came in at 0.2 in Q1 2026, up 19.17% YoY from 0.17 in Q1 2025, and down 1.32% on a QoQ basis from 0.2 in Q4 2025.

Cummins (CMI) Debt Ratio (2009 - 2026) Analysis & Trends

Cummins (CMI) has 18 years of Debt Ratio data on file, last reported at 0.2 in Q1 2026.

Quarterly Debt Ratio rose 19.17% year-over-year to 0.2 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.2 (up 19.17% YoY) and the FY2025 annual result came in at 0.2, up 17.36% from the prior year.
Debt Ratio slipped to 0.2 in Q1 2026, from 0.2 in the prior quarter.
In the past five years, Debt Ratio ranged from a high of 0.22 in Q2 2025 to a low of 0.15 in Q2 2022.
A 5-year average of 0.18 and a median of 0.17 in 2024 frame the typical range for Debt Ratio.
Annual changes were most pronounced in 2022 — Debt Ratio declined 10.7% — and 2023, when it advanced 22.89%.
Tracing CMI's Debt Ratio over 5 years: stood at 0.17 in 2022, then retreated by 8.15% to 0.15 in 2023, then gained by 12.28% to 0.17 in 2024, then advanced by 17.36% to 0.2 in 2025, then dropped by 1.32% to 0.2 in 2026.
The last three Debt Ratio figures came in at 0.2 (Q1 2026), 0.2 (Q4 2025), and 0.21 (Q3 2025), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Debt Ratio (Qtr)
1	GE Vernova	257.21 Bn	244.09 Bn	2.36 Bn	0.03
2	Eaton	164.36 Bn	163.67 Bn	2.86 Bn	0.37
3	Parker-Hannifin	126.40 Bn	125.92 Bn	2.02 Bn	0.31
4	Emerson Electric	87.17 Bn	84.99 Bn	2.66 Bn	0.31
5	Cummins	81.62 Bn	76.95 Bn	2.47 Bn	0.19
6	Illinois Tool Works	80.70 Bn	79.86 Bn	1.90 Bn	0.59
7	Ametek	54.82 Bn	54.32 Bn	735.04 Mn	0.12
8	Rockwell Automation	48.29 Bn	47.81 Bn	1.14 Bn	0.29
9	Ingersoll Rand	31.55 Bn	30.38 Bn	862.60 Mn	0.26
10	Otis Worldwide	27.58 Bn	26.77 Bn	1.14 Bn	0.86

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