Caterpillar (CAT) Interest Coverage Ratio: History & Chart

Caterpillar Inc. (CAT)CATCaterpillar Inc.

About Caterpillar Inc.

Caterpillar Inc., a global enterprise founded in 1925 and headquartered in Deerfield, Illinois (having previously operated as Caterpillar Tractor Co. until its rebranding in 1986), is a premier manufacturer and vendor of heavy construction and mining equipment, diesel and natural gas power units, and industrial gas turbines across the world. The company's extensive offerings are organized into several operational divisions: Construction Industries: This segment delivers a broad spectrum of machinery for construction projects, including asphalt pavers, versatile backhoe and skid steer loaders, various sizes of excavators (from compact to heavy-duty), compactors, road-building equipment like cold planers and motorgraders, pipelayers, site preparation tractors, telehandlers, and utility vehicles, alongside a range of wheel loaders and track-type equipment. Resource Industries: Dedicated to the mining sector, this division supplies powerful equipment such as electric rope and hydraulic shovels, draglines, rotary drills, specialized hard rock vehicles, and a diverse fleet of mining, off-highway, and articulated trucks. It also offers longwall miners, wheel dozers, fleet management systems, autonomous vehicle solutions, crucial machinery components, selected work tools, and comprehensive safety and performance solutions for mining operations. Energy & Transportation: This segment focuses on power generation and propulsion systems. It provides reciprocating engines, generator sets, integrated power solutions, industrial turbines and associated services, remanufactured engines and parts, centrifugal gas compressors, and diesel-electric locomotives with related components and services. These products serve critical sectors including marine, oil and gas, industrial applications, and electric power generation. Financial Products: This segment supports customers with a variety of financial services, such as operating and finance leases, installment sale agreements, working capital loans, and wholesale financing schemes. It also offers insurance and risk management products tailored for vehicles, power generation facilities, and marine vessels. All Other: This encompassing segment is responsible for manufacturing essential consumables and components like filters, fluids, undercarriage parts, and ground engaging tools.

Irving, TX

118,000 employees

www.caterpillar.com

Industrials / Agricultural - Machinery

Sector: Industrials
Industry: Agricultural - Machinery
CEO: Joseph E. Creed

View full financials

CAT Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

23.02x

INTEREST COVERAGE RATIO AVG TTM

18.15x

INTEREST COVERAGE RATIO AVG 3Y

28.32x

INTEREST COVERAGE RATIO AVG 5Y

21.65x

INTEREST COVERAGE RATIO AVG 10Y

17.51x

INTEREST COVERAGE RATIO AVG 15Y

14.25x

INTEREST COVERAGE RATIO AVG 20Y

11.87x

CURRENT VS TTM AVG

+26.86%

CURRENT VS 3Y AVG

-18.72%

CURRENT VS 5Y AVG

+6.35%

CURRENT VS 10Y AVG

+31.51%

CURRENT VS 15Y AVG

+61.61%

CURRENT VS 20Y AVG

+94.00%

SECTOR MEDIAN · INDUSTRIALS

7.81x

median of 122 covered companies

CURRENT VS SECTOR MEDIAN

+194.59%

vs the sector median at left

NAME	MARKET CAP	INTEREST COVERAGE RATIO	TTM	3Y	5Y
Caterpillar Inc. (CAT)	$375.33B	23.02x	18.15x	28.32x	21.65x
GE Aerospace (GE)vs ›	$373.60B	10.40x	8.63x	6.13x	4.21x
RTX Corporation (RTX)vs ›	$290.06B	5.07x	4.20x	3.69x	3.73x
Siemens AG (SIEGY)vs ›	$250.58B	5.54x	5.42x	7.07x	7.27x
Schneider Electric S.E. (SBGSY)vs ›	$189.10B	12.65x	13.00x	18.46x	20.74x
ABB Ltd (ABBNY)vs ›	$179.01B	70.31x	60.77x	41.23x	35.03x
Union Pacific Corporation (UNP)vs ›	$173.55B	7.52x	7.58x	7.44x	7.45x
The Boeing Company (BA)vs ›	$170.83B	-1.95x	26.98x	25.59x	23.64x
Eaton Corporation plc (ETN)vs ›	$161.22B	19.81x	26.80x	27.41x	23.34x
Deere & Company (DE)vs ›	$159.98B	2.65x	2.65x	4.00x	5.65x

NAME

MARKET CAP

INTEREST COVERAGE RATIO

TTM

Caterpillar Inc. (CAT)

$375.33B

23.02x

18.15x

28.32x

21.65x

GE Aerospace (GE)vs ›

$373.60B

10.40x

8.63x

6.13x

4.21x

RTX Corporation (RTX)vs ›

$290.06B

5.07x

4.20x

3.69x

3.73x

Siemens AG (SIEGY)vs ›

$250.58B

5.54x

5.42x

7.07x

7.27x

Schneider Electric S.E. (SBGSY)vs ›

$189.10B

12.65x

13.00x

18.46x

20.74x

ABB Ltd (ABBNY)vs ›

$179.01B

70.31x

60.77x

41.23x

35.03x

Union Pacific Corporation (UNP)vs ›

$173.55B

7.52x

7.58x

7.44x

7.45x

The Boeing Company (BA)vs ›

$170.83B

-1.95x

26.98x

25.59x

23.64x

Eaton Corporation plc (ETN)vs ›

$161.22B

19.81x

26.80x

27.41x

23.34x

Deere & Company (DE)vs ›

$159.98B

2.65x

4.00x

5.65x

Interest Coverage Ratio FAQ

What is the interest coverage ratio for Caterpillar Inc. (CAT)?

The interest coverage ratio for CAT stock is 23.02x.

Is Caterpillar Inc.'s interest coverage ratio high or low?

The interest coverage ratio of 23.02x is in line with its 5-year average of 21.65x, around the middle of its 5-year range (5.56x–34.13x).

What is the TTM average interest coverage ratio for Caterpillar Inc. (CAT)?

The TTM average interest coverage ratio for CAT stock is 18.15x.

What is the 3Y average interest coverage ratio for Caterpillar Inc. (CAT)?

The 3Y average interest coverage ratio for CAT stock is 28.32x.

What is the 5Y average interest coverage ratio for Caterpillar Inc. (CAT)?

The 5Y average interest coverage ratio for CAT stock is 21.65x.

What is the 10Y average interest coverage ratio for Caterpillar Inc. (CAT)?

The 10Y average interest coverage ratio for CAT stock is 17.51x.

What is the 15Y average interest coverage ratio for Caterpillar Inc. (CAT)?

The 15Y average interest coverage ratio for CAT stock is 14.25x.

What is the 20Y average interest coverage ratio for Caterpillar Inc. (CAT)?

The 20Y average interest coverage ratio for CAT stock is 11.87x.

DATE	INTEREST COVERAGE RATIO
2026-03-31	23.02x
2025-12-31	5.56x
2025-09-30	8.82x
2025-06-30	27.28x
2025-03-31	26.05x
2024-12-31	27.33x
2024-09-30	33.84x
2024-06-30	30.81x
2024-03-31	28.84x
2023-12-31	24.87x
2023-09-30	31.64x
2023-06-30	34.13x
2023-03-31	23.75x
2022-12-31	14.36x
2022-09-30	22.25x
2022-06-30	18.00x
2022-03-31	17.02x
2021-12-31	14.51x
2021-09-30	14.60x
2021-06-30	15.03x
2021-03-31	12.87x
2020-12-31	10.70x
2020-09-30	7.30x
2020-06-30	5.85x
2020-03-31	12.54x
2019-12-31	16.67x
2019-09-30	20.00x
2019-06-30	21.49x
2019-03-31	21.64x
2018-12-31	19.21x
2018-09-30	20.93x
2018-06-30	21.67x
2018-03-31	20.87x
2017-12-31	7.04x
2017-09-30	13.01x
2017-06-30	9.87x
2017-03-31	3.14x
2016-12-31	-10.61x
2016-09-30	3.88x
2016-06-30	6.04x
2016-03-31	3.83x
2015-12-31	-0.90x
2015-09-30	7.28x
2015-06-30	10.66x
2015-03-31	13.19x
2014-12-31	8.44x
2014-09-30	10.88x
2014-06-30	12.29x
2014-03-31	12.71x
2013-12-31	13.32x
2013-09-30	12.08x
2013-06-30	12.97x
2013-03-31	10.15x
2012-12-31	9.03x
2012-09-30	7.96x
2012-06-30	8.49x
2012-03-31	7.33x
2011-12-31	6.32x
2011-09-30	5.45x
2011-06-30	5.35x
2011-03-31	6.32x
2010-12-31	4.38x
2010-09-30	3.80x
2010-06-30	3.10x
2010-03-31	1.52x
2009-12-31	0.39x
2009-09-30	0.80x
2009-06-30	0.91x
2009-03-31	-0.46x
2008-09-30	4.03x
2008-06-30	5.47x
2008-03-31	4.55x
2007-09-30	4.54x
2007-06-30	4.35x
2007-03-31	4.21x
2006-09-30	4.05x
2006-06-30	5.78x
2006-03-31	5.25x
2005-09-30	4.77x
2005-06-30	5.55x
2005-03-31	4.45x
2004-09-30	5.14x
2004-06-30	6.42x
2004-03-31	4.81x
2003-09-30	3.32x
2003-06-30	4.93x
2003-03-31	1.85x
2002-12-31	0.82x
2002-09-30	2.44x
2002-06-30	2.91x

DATE

INTEREST COVERAGE RATIO

2026-03-31

23.02x

2025-12-31

5.56x

2025-09-30

8.82x

2025-06-30

27.28x

2025-03-31

26.05x

2024-12-31

27.33x

2024-09-30

33.84x

2024-06-30

30.81x

2024-03-31

28.84x

2023-12-31

24.87x

2023-09-30

31.64x

2023-06-30

34.13x

2023-03-31

23.75x

2022-12-31

14.36x

2022-09-30

22.25x

2022-06-30

18.00x

2022-03-31

17.02x

2021-12-31

14.51x

2021-09-30

14.60x

2021-06-30

15.03x

2021-03-31

12.87x

2020-12-31

10.70x

2020-09-30

7.30x

2020-06-30

5.85x

2020-03-31

12.54x

2019-12-31

16.67x

2019-09-30

20.00x

2019-06-30

21.49x

2019-03-31

21.64x

2018-12-31

19.21x

2018-09-30

20.93x

2018-06-30

21.67x

2018-03-31

20.87x

2017-12-31

7.04x

2017-09-30

13.01x

2017-06-30

9.87x

2017-03-31

3.14x

2016-12-31

-10.61x

2016-09-30

3.88x

2016-06-30

6.04x

2016-03-31

3.83x

2015-12-31

-0.90x

2015-09-30

7.28x

2015-06-30

10.66x

2015-03-31

13.19x

2014-12-31

8.44x

2014-09-30

10.88x

2014-06-30

12.29x

2014-03-31

12.71x

2013-12-31

13.32x

2013-09-30

12.08x

2013-06-30

12.97x

2013-03-31

10.15x

2012-12-31

9.03x

2012-09-30

7.96x

2012-06-30

8.49x

2012-03-31

7.33x

2011-12-31

6.32x

2011-09-30

5.45x

2011-06-30

5.35x

2011-03-31

6.32x

2010-12-31

4.38x

2010-09-30

3.80x

2010-06-30

3.10x

2010-03-31

1.52x

2009-12-31

0.39x

2009-09-30

0.80x

2009-06-30

0.91x

2009-03-31

-0.46x

2008-09-30

4.03x

2008-06-30

5.47x

2008-03-31

4.55x

2007-09-30

4.54x

2007-06-30

4.35x

2007-03-31

4.21x

2006-09-30

4.05x

2006-06-30

5.78x

2006-03-31

5.25x

2005-09-30

4.77x

2005-06-30

5.55x

2005-03-31

4.45x

2004-09-30

5.14x

2004-06-30

6.42x

2004-03-31

4.81x

2003-09-30

3.32x

2003-06-30

4.93x

2003-03-31

1.85x

2002-12-31

0.82x

2002-09-30

2.44x

2002-06-30

2.91x

Interest Coverage Ratio: 23.02x

CAT Interest Coverage Ratio

CAT Average Interest Coverage Ratio Chart

CAT Current vs Average Interest Coverage Ratio Chart

CAT Interest Coverage Ratio Metrics

CAT Competitors' Interest Coverage Ratio

Financial Health Indicators

Interest Coverage Ratio Formula & Definition

Interest Coverage Ratio FAQ

CAT Interest Coverage Ratio History

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