Caterpillar
Caterpillar debt and dilution—
Borrowings, liquidity, share count and stock-based dilution.
Total debt
USD millions
Reported borrowing balances are unavailable in the extracted statements for this period.
Cash & equivalents
USD millions
Net debt
USD millions
Reported borrowing balances are unavailable in the extracted statements for this period.
Debt / equity
×
Reported borrowing balances are unavailable in the extracted statements for this period.
Debt / assets
%
Reported borrowing balances are unavailable in the extracted statements for this period.
Net debt / EBITDA
× · TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
Debt / FCF
× · TTM
Reported borrowing balances are unavailable in the extracted statements for this period.
Interest coverage
× · TTM
The reported inputs required for this metric are unavailable in the extracted statements for this period.
Current ratio
×
Diluted shares
Million shares
Basic shares
Million shares
Share count growth
%
Share repurchases
USD millions
Quarterly data
| Fiscal period | Ended | Total debtUSD millions | Cash & equivalentsUSD millions | Net debtUSD millions | Debt / equity× | Debt / assets% | Net debt / EBITDA× | Debt / FCF× | Interest coverage× | Current ratio× | Diluted sharesMillion shares | Basic sharesMillion shares | Share count growth% | Share repurchasesUSD millions |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 6,713 | — | — | — | — | — | — | 1.37× | 462.5 | 460.4 | -1.98% | 1,494 |
| FY 2026 Q1 | Mar 31, 2026 | — | 4,072 | — | — | — | — | — | — | 1.35× | 465.8 | 463.4 | -2.42% | 5,028 |
| FY 2025 Q4 | Dec 31, 2025 | — | 9,980 | — | — | — | — | — | — | 1.44× | 469.04 | 466.14 | -2.86% | 340 |
| FY 2025 Q3 | Sep 30, 2025 | — | 7,538 | — | — | — | — | — | — | 1.38× | 470.8 | 468.6 | -3.22% | 362 |
| FY 2025 Q2 | Jun 30, 2025 | — | 5,442 | — | — | — | — | — | — | 1.34× | 471.5 | 469.7 | -3.59% | 828 |
| FY 2025 Q1 | Mar 31, 2025 | — | 3,562 | — | — | — | — | — | — | 1.32× | 477.1 | 474.9 | -3.85% | 3,660 |
| FY 2024 Q4 | Dec 31, 2024 | — | 6,889 | — | — | — | — | — | — | 1.42× | 482.55 | 479.85 | -4.69% | 640 |
| FY 2024 Q3 | Sep 30, 2024 | — | 5,638 | — | — | — | — | — | — | 1.4× | 486.7 | 484.2 | -5.02% | 782 |
| FY 2024 Q2 | Jun 30, 2024 | — | 4,341 | — | — | — | — | — | — | 1.28× | 489.5 | 487.2 | -5.01% | 1,820 |
| FY 2024 Q1 | Mar 31, 2024 | — | 4,959 | — | — | — | — | — | — | 1.35× | 496.9 | 493.9 | -4.32% | 4,455 |
| FY 2023 Q4 | Dec 31, 2023 | — | 6,978 | — | — | — | — | — | — | 1.35× | 507.37 | 503.48 | -2.69% | 2,766 |
| FY 2023 Q3 | Sep 30, 2023 | — | 6,545 | — | — | — | — | — | — | 1.45× | 512.6 | 509.8 | -2.9% | 380 |
| FY 2023 Q2 | Jun 30, 2023 | — | 7,387 | — | — | — | — | — | — | 1.33× | 515 | 512.9 | -3.41% | 1,429 |
| FY 2023 Q1 | Mar 31, 2023 | — | 6,789 | — | — | — | — | — | — | 1.43× | 519.4 | 516.2 | -3.42% | 400 |
| FY 2022 Q4 | Dec 31, 2022 | — | 7,004 | — | — | — | — | — | — | 1.39× | 522.09 | 517.4 | -3.95% | 921 |
| FY 2022 Q3 | Sep 30, 2022 | — | 6,346 | — | — | — | — | — | — | 1.41× | 527.6 | 525 | -3.49% | 1,385 |
| FY 2022 Q2 | Jun 30, 2022 | — | 6,014 | — | — | — | — | — | — | 1.45× | 534.1 | 531 | -3.08% | 1,104 |
| FY 2022 Q1 | Mar 31, 2022 | — | 6,526 | — | — | — | — | — | — | 1.44× | 538.3 | 534.5 | -2.18% | 820 |
| FY 2021 Q4 | Dec 31, 2021 | — | 9,254 | — | — | — | — | — | — | 1.46× | 543.46 | 538.66 | -1.11% | 1,046 |
| FY 2021 Q3 | Sep 30, 2021 | — | 9,446 | — | — | — | — | — | — | 1.61× | 547.6 | 544 | 0.31% | 1,371 |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | — | — | — | — | — | 1.56× | 552.1 | 547.9 | 1.18% | 251 |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | — | — | — | — | — | 1.6× | 551.4 | 546.4 | -0.07% | 0 |
| FY 2020 Q4 | Dec 31, 2020 | — | 9,352 | — | — | — | — | — | — | 1.53× | 550.98 | 544.7 | -1.13% | 0 |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | — | — | — | — | — | 1.54× | 546.4 | 542.3 | -2.52% | 0 |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | — | — | — | — | — | 1.5× | 544.5 | 541.5 | -4.63% | 87 |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | — | — | — | — | — | 1.42× | 551.1 | 546.8 | -4.47% | 1,043 |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | — | — | — | — | — | 1.47× | 557.71 | 550.92 | -4.99% | 764 |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | — | — | — | — | — | 1.44× | 561.2 | 556.3 | -6.05% | 1,300 |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | — | — | — | — | — | 1.43× | 573.1 | 567.8 | -4.76% | 1,300 |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | — | — | — | — | — | 1.43× | 578.8 | 572.4 | -4.28% | 751 |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | — | — | — | — | — | 1.37× | 586.34 | 579.83 | -2.75% | 1,798 |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | — | — | — | — | — | 1.48× | 599.4 | 592.1 | -0.13% | 750 |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | — | — | — | — | — | 1.37× | 604.2 | 596.2 | 1.02% | 750 |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | — | — | — | — | — | 1.36× | 608 | 598 | 1.79% | 500 |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | — | — | — | — | — | 1.35× | 607.61 | 596.25 | 1.79% | 0 |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | — | — | — | — | — | 1.44× | 600.1 | 592.9 | 1.4% | 0 |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | — | — | — | — | — | 1.31× | 595.4 | 590.2 | 1.04% | 750 |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | — | — | — | — | — | 1.29× | 593.2 | 587.5 | 0.81% | 0 |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | — | — | — | — | — | 1.22× | 571.2 | 585.79 | 0.37% | 0 |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | — | — | — | — | — | 1.27× | 589.6 | 584.7 | -0.63% | 0 |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | — | — | — | — | — | 1.24× | 588.6 | 584.1 | -3.17% | 0 |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | — | — | — | — | — | 1.29× | 587.7 | 582.8 | -3.65% | 0 |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | — | — | — | — | — | 1.31× | 589.43 | 583.62 | -3.87% | 0 |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | — | — | — | — | — | 1.37× | 594.8 | 588.4 | -3.78% | 1,500 |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | — | — | — | — | — | 1.49× | 610.7 | 603.2 | -3.69% | 125 |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | — | — | — | — | — | 1.45× | 612.7 | 604.9 | -3.48% | 400 |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | — | — | — | — | — | 1.39× | 617.62 | 607.11 | -4.85% | 0 |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | — | — | — | — | — | 1.42× | 622.8 | 611.5 | -4.35% | 2,500 |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | — | — | — | — | — | 1.39× | 638.3 | 626.3 | -3.63% | 0 |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | — | — | — | — | — | 1.39× | 639.3 | 626.7 | -4.5% | 1,738 |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | — | — | — | — | — | 1.4× | 650.59 | 638.08 | -2.49% | 0 |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | — | — | — | — | — | 1.38× | 651.9 | 639.3 | -2.19% | 1,000 |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | — | — | — | — | — | 1.36× | 662.7 | 649.9 | -0.46% | 1,000 |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | — | — | — | — | — | 1.45× | 671.6 | 656.2 | 0.95% | 0 |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | — | — | — | — | — | 1.43× | 669.3 | 654.39 | 1.13% | 0 |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | — | — | — | — | — | 1.41× | 668.7 | 653.6 | 1.08% | 0 |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | — | — | — | — | — | 1.42× | 669.6 | 652.9 | 1.15% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | — | — | — | — | — | 1.39× | 670.2 | 650 | 1.34% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | — | — | — | — | — | 1.33× | 666.1 | 647.08 | — | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | — | — | — | — | — | 1.46× | 666 | 646.6 | 2.21% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | — | — | — | — | 1.73× | 667.2 | 645.5 | 2.49% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — | — | — | 1.5× | 664.9 | 641.4 | 2.39% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — | — | — | 1.44× | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — | — | — | 1.42× | 651.6 | 632.6 | 1.64% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — | — | — | 1.38× | 647 | 629.8 | 2.94% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | 3,538 | — | — | — | — | — | — | 1.43× | 643.5 | 626.4 | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | 4,867 | — | — | — | — | — | — | 1.39× | 642.02 | 624.4 | — | 0 |
| FY 2009 Q3 | Sep 30, 2009 | — | 4,188 | — | — | — | — | — | — | 1.46× | 635.5 | 622.4 | — | 0 |
| FY 2009 Q2 | Jun 30, 2009 | — | 3,991 | — | — | — | — | — | — | 1.4× | 619.8 | 611.8 | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.
Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.
Market prices: Yahoo Finance · CAT, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- Total debt
- Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
- Cash & equivalents
- Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
- Net debt
- Total debt − cash and equivalents. Negative means net cash.
- Debt / equity
- Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
- Debt / assets
- Total debt / total assets × 100.
- Net debt / EBITDA
- Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
- Debt / FCF
- Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
- Interest coverage
- TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
- Current ratio
- Current assets / positive current liabilities.
- Diluted shares
- Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
- Basic shares
- Reported weighted average basic shares, normalized for subsequent recorded stock splits.
- Share count growth
- Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
- Share repurchases
- Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.