Caterpillar Balance Sheet
NYSE: CATIndustrialsConstruction/Ag Equipment/TrucksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Caterpillar financial position
At the end of fiscal 2025, Caterpillar reported total assets of $98.58 billion, up 12.3% from a year earlier against total liabilities of $77.27 billion. Shareholders' equity stood at $21.32 billion, or 21.6% of assets. The company held $9.98 billion in cash and equivalents against $36.21 billion of debt, a net debt position of $26.23 billion.
The current ratio (current assets divided by current liabilities) was 1.44, meaning short-term assets cover obligations due within a year. Debt-to-equity was 1.70.
Summary generated from market data by MetaCap's automated system. Methodology
Caterpillar balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 9.98B | 6.89B | 6.98B | 7.00B | 9.25B | 9.35B | 8.29B | 7.89B | 8.32B | 7.20B |
| Receivables | 10.92B | 9.28B | 9.31B | 8.86B | 8.48B | 7.32B | 8.57B | 8.80B | 7.44B | 5.98B |
| Inventory | 18.14B | 16.83B | 16.57B | 16.27B | 14.04B | 11.40B | 11.27B | 11.53B | 10.02B | 8.61B |
| Total Current Assets | 52.48B | 45.68B | 46.95B | 43.78B | 43.45B | 39.46B | 39.19B | 38.60B | 36.24B | 31.97B |
| Property, Plant & Equipment | 15.14B | 13.36B | 12.68B | 12.03B | 12.09B | 12.40B | 12.90B | 13.57B | 14.15B | 15.32B |
| Goodwill | 5.32B | 5.24B | 5.31B | 5.29B | 6.32B | 6.39B | 6.20B | 6.22B | 6.20B | 6.02B |
| Intangible Assets | 241.00M | 399.00M | 564.00M | 758.00M | 1.04B | 1.31B | 1.56B | 1.90B | 2.11B | 2.35B |
| Total Assets | 98.58B | 87.76B | 87.48B | 81.94B | 82.79B | 78.32B | 78.45B | 78.51B | 76.96B | 74.70B |
| Accounts Payable | 8.97B | 7.67B | 7.91B | 8.69B | 8.15B | 6.13B | 5.96B | 7.05B | 6.49B | 4.61B |
| Short-Term Debt | 5.51B | 4.39B | 4.64B | 5.96B | 5.40B | 2.02B | 5.17B | 5.72B | 4.84B | 7.30B |
| Total Current Liabilities | 36.56B | 32.27B | 34.73B | 31.53B | 29.85B | 25.72B | 26.62B | 28.22B | 26.93B | 26.13B |
| Long-Term Debt | 30.70B | 27.35B | 24.47B | 25.71B | 26.03B | 26.00B | 26.28B | 25.00B | 23.85B | 22.82B |
| Total Liabilities | 77.27B | 68.27B | 67.97B | 66.05B | 66.28B | 62.95B | 63.82B | 64.43B | 63.20B | 61.49B |
| Shareholders' Equity | 21.32B | 19.49B | 19.50B | 15.89B | 16.52B | 15.38B | 14.63B | 14.08B | 13.77B | 13.23B |
| Retained Earnings | 65.45B | 59.35B | 51.25B | 43.51B | 39.28B | 35.17B | 34.44B | 30.43B | 26.30B | 27.38B |
| Total Debt | 36.21B | 31.74B | 29.11B | 31.67B | 31.44B | 28.01B | 31.45B | 30.72B | 28.68B | 30.12B |
| Net Cash (Debt) | -26.23B | -24.86B | -22.14B | -24.67B | -22.18B | -18.66B | -23.16B | -22.83B | -20.36B | -22.92B |
| Shares Outstanding | 465.30M | 477.90M | 499.40M | 516.30M | 535.90M | 545.30M | 550.10M | 575.50M | 597.60M | 586.50M |
This table shows 10 annual periods of Caterpillar's balance sheet, from FY 2025 back to FY 2016, across 18 line items including cash & equivalents, receivables, inventory. Values in USD; B = billions, M = millions. Fiscal periods follow CAT's reporting calendar. What is a balance sheet?